FuriosaAI and LG AI Research Forge Pivotal Partnership to Advance Enterprise AI

South Korean AI chip startup FuriosaAI has embarked on a strategic partnership with LG AI Research to integrate its state‐of‐the‐art RNGD accelerator with LG’s cutting‐edge EXAONE platform. This collaboration marks a significant move to enhance the performance of large language models in key sectors such as electronics, finance, telecommunications, and biotechnology.

Strategic Alliance For Next-Generation AI Solutions

FuriosaAI’s RNGD accelerator, optimized exclusively for AI computing, has been designed to deliver superior performance and improved energy efficiency when running large language models. LG AI Research’s recent rollout of the EXAONE 4.0 platform underscores a commitment to advancing sovereign AI capabilities in South Korea. By integrating these advanced hardware and software solutions, the partnership aims to fortify AI deployments not only domestically but also across global markets through LG’s international operations.

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An Independent Path Amid Industry Consolidation

Just three months following the company’s decision to forego Meta’s $800 million acquisition offer, FuriosaAI has reaffirmed its commitment to independence. CEO June Paik emphasized that the refusal was driven by strategic disagreements regarding post-acquisition direction rather than valuation, underscoring the startup’s dedication to sustainable AI computing and long-term independence. This stance reflects a broader industry trend, as tech giants seek to reduce dependency on third-party suppliers like Nvidia while fostering in-house innovation.

Cost Efficiency and Superior Performance

FuriosaAI has highlighted that, in rigorous comparative evaluations, its RNGD accelerator outperformed competitive GPUs by delivering 2.25 times better inference performance on LG’s EXAONE models. In addition, the solution has not only reduced the total cost of ownership but also demonstrated enhanced energy efficiency. Unlike general-purpose GPUs, FuriosaAI’s chip is engineered specifically for AI workloads, emphasizing optimized processes that eschew conventional rendering and mining functions.

Global Impact Beyond South Korea

Paik noted that LG AI Research’s EXAONE platform is set to become a cornerstone within the Korean AI ecosystem. With LG’s active engagement with global clientele, the partnership is poised to drive broad, international adoption of the technology. The integration of FuriosaAI’s accelerator into the EXAONE framework signals a transformative shift in how enterprise-level AI solutions are deployed, reinforcing the startup’s role as a key player on the global stage.

This development underscores the strategic recalibrations in the tech landscape, blending innovation, cost efficiency, and robust performance to chart the future of AI computing.

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Strained Household Finances: Eurostat Data Reveals Persistent Payment Delays Across Europe and in Cyprus

by THEFUTURE.TEAM

November 22, 2025

Improved Financial Resilience Amid Ongoing Strains

Over the past decade, Cypriot households have significantly increased their ability to manage debts—not only bank loans but also rent and utility bills. However, recent Eurostat data indicates that Cyprus continues to lag behind the European average when it comes to covering financial obligations on time.

Household Coping Strategies and the Limits of Payment Flexibility

While many families are managing their fixed expenses with relative ease, one in three Cypriots struggles to cover unexpected costs. This delicate balancing act highlights how routine payments such as mortgage installments, rent, and utility bills are met, but precariously so, with little room for unplanned financial shocks.

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Breaking Down Payment Delays Across the European Union

Eurostat reports that nearly 9.2% of the EU population experienced delays with their housing loans, rent, utility bills, or installment payments in 2024. The situation is more acute among vulnerable groups: 17.2% of individuals in single-parent households with dependent children and 16.6% in households with two adults managing three or more dependents faced payment delays. In every EU nation, single-parent households exhibited higher delay rates compared to the overall population.

Cyprus in the Crosshairs: High Rates of Financial Delays

Although Cyprus recorded a notable 19.1 percentage point improvement from 2015 to 2024 in delays related to mortgages, rent, and utility bills, the island nation still ranks among the top five countries with the highest delay rates. As of 2024, 12.5% of the Cypriot population had outstanding housing loans or rent and overdue utility bills. In contrast, Greece tops the list with 42.8%, followed by Bulgaria (18.7%), Romania (15.3%), Spain (14.2%), and other EU members. Notably, 19 out of 27 EU countries reported delay rates below 10%, with Czech Republic (3.4%) and Netherlands (3.9%) leading the pack.

Selective Improvements and Emerging Concerns

Between 2015 and 2024, the overall EU population saw a 2.6 percentage point decline in payment delays. Despite this, certain countries experienced increases: Luxembourg (+3.3 percentage points), Spain (+2.5 percentage points), and Germany (+2.0 percentage points) saw a rise in payment delays, reflecting underlying economic pressures that continue to challenge financial stability.

Economic Insecurity and the Unprepared for Emergencies

Another critical indicator explored by Eurostat is the prevalence of economic insecurity—the proportion of the population unable to handle unexpected financial expenses. In 2024, 30% of the EU population reported being unable to cover unforeseen costs, a modest improvement of 1.2 percentage points from 2023 and a significant 7.4 percentage point drop compared to a decade ago. In Cyprus, while 34.8% still report difficulty handling emergencies, this marks a drastic improvement from 2015, when the figure stood at 60.5%.

A Broader EU Perspective

Importantly, no EU country in 2024 had more than half of its population facing economic insecurity—a notable improvement from 2015, when over 50% of the population in nine countries reported such challenges. These figures underscore both progress and persistent vulnerabilities within European households, urging policymakers to consider targeted measures for enhancing financial resilience.

For further insights and detailed analysis, refer to the original reports on Philenews and Housing Loans.

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