Polaris Office wins $7M South Korean government AI project

Polaris Office, the developer of Polaris Share (POLA), has been selected to lead a government artificial intelligence (AI) project with a total budget of approximately 9.6 billion won ($7.0 million), Newsis reported today. The company will jointly manage the project with Handysoft. According to the company, the project is part of the "Development of Technology to Overcome Limitations of Lightweight, Low-Power AI" program, supported by South Korea's Ministry of Science and ICT and the Institute of Information & Communications Technology Planning & Evaluation (IITP). The specific goal is to develop ultra-efficient, lightweight AI models specialized for document collaboration to ensure digital sovereignty. The research is expected to last approximately three years and nine months, concluding in 2029. Meanwhile, POLA was recently placed on a delisting watchlist by the South Korean crypto exchange Bithumb. Bithumb stated that a comprehensive review revealed significant deficiencies in the project's business progress, token adoption, and community activity.