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LG Group
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FuriosaAI raises $620m at $2.9bn valuation as RNGD challenges NVIDIA in enterprise AI inference
South Korea's FuriosaAI has closed a $620 million Series D funding round at a $2.9 billion post-money valuation, securing capital to increase production of its RNGD AI inference accelerator and develop a third-generation chip with Broadcom. Deployments involving Samsung SDS, LG Group and Upstage provide an initial commercial foundation, while power efficiency, software compatibility and production scale will determine its ability to compete with established GPU suppliers.
NVIDIA’s Korea bet reveals the hidden bottleneck behind the AI boom
Read how NVIDIA Corporation’s Korea AI deals with SK Hynix, Naver and Hyundai could reshape AI infrastructure and NVDA sentiment.
What LG CNS and Palantir’s new partnership means for the future of industrial AI adoption
LG CNS and Palantir expand their partnership to deploy enterprise AI across LG Group. Discover how the alliance could reshape industrial AI adoption.