Artificial intelligence
Naver Cloud takes the lead in Korea’s public AI business
Naver, KT, NHN and Samsung SDS are in cut-throat competition in the public AI sector to secure new growth drive
By 3 HOURS AGO
1
Min read
Most Read
S.Korea's LS Materials set to boost earnings ahead of IPO process
Carlyle, Keppel, IMM stay in final race for Ecorbit
Gas maker Air Products Korea put on sale for around $3.6 bn
K-content powerhouse’s YouTube channels disrupted by hacks
Mercedes, BMW, Audi, VW offer deep discounts amid EV phobia in Korea
South Korean online giant Naver Corp.'s cloud subsidiary is expanding its presence in the country’s public artificial intelligence market by winning a series of project deals as the competition in the sector intensified amid the growing government spending.
Naver Cloud said on Friday it was selected by the National Information Society Agency (NIA) and the National IT Industry Promotion Agency for three projects, which aim to accelerate the accomplishment of AI utilization in the public sector and the establishment of a digital platform government.
Naver Cloud is set to support the NIA in the development of hyperscale AI-based services and the use of super-giant AI platforms while assisting the NIPA with its hyperscale AI-based academic activities. The company is poised to establish the services for smart fire fighting safety and young farmers for the service development project.
It plans to provide in-depth consulting and optimization reflecting the characteristics of public institutions and private companies.
NEW GROWTH ENGINE
“The technological competitiveness and excellent infrastructure of HyperCLOVA X, Naver’s hyperscale AI model, has been highly regarded in the public sector,” said a Naver Cloud official. “We aim further to escalate the presence in the hyperscale AI utilization business.”
South Korea seeks to generalize AI in the public sector.
The Ministry of Science and ICT has been working on the project to expand AI based on cooperation among ministries since 2022.
The government budget for the project tripled to 24 billion won ($17.7 million) this year from 8 billion won in 2023.
South Korean companies such as Naver, KT Corp. NHN Corp. and Samsung SDS Co. are aggressively competing in the sector to secure a new growth drive.
Write to Ji-Eun Jeong at jeong@hankyung.com
Jongwoo Cheon edited this article.
More to Read
-
Cloud computingNaver Cloud, NHN Cloud to co-work for hyperscale AI
Feb 05, 2024 (Gmt+09:00)
1 Min read -
Artificial intelligenceNaver opens Asia’s largest data center for AI, cloud biz
Nov 08, 2023 (Gmt+09:00)
3 Min read -
Artificial intelligenceNaver eyes global market with new LLM HyperCLOVA X
Aug 24, 2023 (Gmt+09:00)
4 Min read
Comment 0
LOG IN