TL;DR:
- Naver Cloud’s “Naver AI Rush 2023” project utilizes the HyperCLOVA X AI model to support startup growth.
- This annual event offers programs to address evolving AI trends, foster the domestic AI technology community, and nurture talent.
- 20 tech startups from various industries will leverage Naver’s AI technology to enhance their businesses.
- Participating startups gain access to HyperCLOVA X through Naver Cloud’s API and will showcase their services built on this technology.
- Startups receive up to 100 million won ($79,230) in credits to utilize Naver Cloud’s technical solutions.
- Recruitment for university and graduate students interested in AI research, services, and entrepreneurship related to HyperCLOVA X will begin on August 1.
Main AI News:
In a bid to bolster the growth of startups, Naver Cloud, the cloud computing arm of Naver Corp., has announced the commencement of “Naver AI Rush 2023.” This project, running from Friday until the year’s end, will harness the power of the large-language model (LLM) artificial intelligence (AI) called “HyperCLOVA X” to offer extensive support to budding entrepreneurs.
Now in its fifth year, Naver AI Rush has been an annual event since its inception in 2019. It was introduced as a platform designed to proactively address the ever-evolving AI landscape, playing a vital role in fostering domestic AI technology communities and nurturing talent.
This year’s event takes on heightened significance, as the realm of business witnesses an escalating interest in ultra-large AI technology. It presents a unique opportunity for diverse startups to tap into Naver’s AI capabilities and propel their ventures forward. The event will welcome the participation of 20 tech startups spanning sectors such as healthcare, content creation, data analysis, and education.
Since July 10, Naver Cloud has been granting participating companies access to Naver’s HyperCLOVA X through its application programming interface (API). Each startup aims to showcase its customized services, developed using this cutting-edge technology, through captivating demo formats.
To further empower these startups, Naver Cloud will provide them with credits worth up to 100 million won ($79,230). This monetary support can be utilized to leverage the technical solutions offered by the Naver Cloud platform.
Furthermore, starting on August 1, Naver will initiate the recruitment process for university and graduate students interested in participating in this event. Chosen participants will engage in a wide range of tasks, exploring AI research, services, and entrepreneurial endeavors closely aligned with HyperCLOVA X. By delving into the specifics of their respective fields, these talented individuals will strive to deliver tangible results.
Conclusion:
Naver Cloud’s HyperCLOVA X initiative signifies a significant boost for the market. By providing startups with access to advanced AI technology and substantial support, Naver is fostering innovation and driving growth in the startup ecosystem. This strategic move not only empowers budding entrepreneurs but also positions Naver as a key player in the AI market, solidifying its reputation as a provider of cutting-edge solutions. The event’s focus on research, services, and entrepreneurship related to HyperCLOVA X demonstrates Naver’s commitment to nurturing talent and advancing AI capabilities. With this endeavor, the market can expect to witness a surge in AI-driven startups, further propelling the industry’s development and opening up new avenues of opportunity.
