Naver Cloud leads Korea’s public AI enterprise

Naver Cloud DEO Kim Yoo-won (File picture from Naver)

The subsidiary of South Korean on-line large Naver Corp. is increasing its presence within the nation’s public synthetic intelligence market by successful a collection of undertaking contracts amid intense competitors within the sector amid elevated authorities spending.

Naver Cloud mentioned on Friday that it has been chosen by the Nationwide Data Society Company (NIA) and the Nationwide IT Business Promotion Company for 3 initiatives that goal to speed up the implementation of AI use within the public sector and set up a digital platform authorities.

Naver Cloud is anticipated to assist the NIA to develop large-scale AI providers and use large AI platforms in aiding the NIPA with its high-scale AI-based tutorial actions. The corporate is about to arrange the providers for good hearth preventing security and younger farmers for the service improvement undertaking.

It intends to offer detailed consulting and optimization reflecting the traits of public organizations and personal corporations.

A NEW GROWTH MACHINE

“The technological competitiveness and glorious infrastructure of HyperCLOVA X, Naver’s hyperscale AI mannequin, has been extremely revered within the public sector,” mentioned a Naver Cloud official. “We additional goal to extend the presence of the enterprise utilizing hyperscale AI.”

South Korea is making an attempt to generalize AI within the public sector.

The Ministry of Science and ICT has been engaged on the undertaking to develop AI based mostly on cooperation amongst ministries since 2022.

The federal government’s price range for the undertaking tripled to 24 billion received ($17.7 million) this yr from 8 billion received in 2023.

South Korean corporations equivalent to Naver, KT Corp. NHN Corp. and Samsung SDS Co are aggressively competing within the sector to safe AI as a brand new development driver.

Write to Ji-Eun Jeong at jeong@hankyung.com

Jongwoo Cheon edited this text.