TL;DR:
- Naver is strategically positioned to excel in the hyper-scale AI B2B market.
- CEO Choi Soo-yeon highlights the importance of business viability and security.
- HyperCLOVA X, Naver’s large language model, is geared to offer tailored generative AI technology.
- Naver’s diverse business portfolio and HyperCLOVA X’s capabilities promise significant synergies.
- Neurocloud for HyperCLOVA X, a secure enterprise AI solution, garners interest among B2B customers.
- Naver aims to address challenges like fake news and deepfakes using AI.
Main AI News:
In the fiercely competitive landscape of business-to-business (B2B) hyper-scale artificial intelligence (AI), South Korea’s tech giant, Naver Corp., stands tall as a beacon of business viability and security. According to Naver’s Chief Executive Officer, Choi Soo-yeon, these are the quintessential factors for maintaining a competitive edge in this burgeoning industry. Moreover, Choi highlights HyperCLOVA X, Naver’s proprietary large language model (LLM), as the linchpin that can provide domestic partners with generative AI technology tailored for diversity and AI sovereignty.
Naver boasts a diverse portfolio spanning internet searches, e-commerce, payment solutions, and booking services. With HyperCLOVA X, their third self-developed hyper-scale AI, in the arsenal, the potential for synergies across Naver’s various offerings and LLM capabilities is nothing short of remarkable, as noted by industry analysts. Choi, in an exclusive conversation with Maeil Business Newspaper, emphasized the pivotal role that B2B now plays in the generative AI technology landscape, and he unveiled Naver’s upcoming game-changer, Neurocloud for HyperCLOVA X, set to launch next month.
Neurocloud for HyperCLOVA X is an enterprise-grade AI solution tailored for the Naver Cloud Platform, and it has been generating substantial interest from B2B clientele. This innovation empowers companies to establish a dedicated AI platform, enabling the secure training of AI models using proprietary data, all without the anxieties of security breaches or data leaks. What’s groundbreaking is that it allows for the installation of a hybrid cloud solution directly within the client’s data center.
Choi elucidated, “Neurocloud is an exclusive solution unique to Naver in this market, offering companies the ability to craft robust AI models without the need to export sensitive data. We anticipate expanding our technological ecosystem, driven by CLOVA Studio, our collaborative endeavor with small and medium-sized enterprises, and we intend to underscore our competitive advantage in addressing data security concerns, a challenge that our global peers are yet to conquer.”
HyperCLOVA X, unveiled just last month, has already garnered tangible interest. Sources suggest that KB Financial Group is contemplating leveraging HyperCLOVA X to develop specialized generative AI models and services for the financial sector. Additionally, Naver has secured collaboration agreements with prominent institutions like Hana Bank Co., Shinhan Bank Co., Mirae Asset Securities Co., SK C&C Co., and Korea Investment & Securities Co.
In a nod to the broader societal impact of AI, Choi also revealed Naver’s commitment to deploying AI to combat the proliferation of fake news and deepfakes, the latter being AI-generated content that convincingly mimics reality.
Choi asserted, “The challenges posed by the hallucinatory capabilities of generative AI are on our radar. As hyper-scale AI is still in its nascent stages, we are actively developing technologies to address its limitations. Our focus is on delivering information based on trusted sources while enhancing the reliability and recency of accumulated data—a commitment to maintaining the highest standards of accuracy and integrity.”
Conclusion:
Naver’s strategic positioning, with a strong focus on security, collaboration, and innovation, places it in a favorable position to lead the hyper-scale AI B2B market. With the upcoming launch of Neurocloud for HyperCLOVA X and a growing list of partnerships, Naver is poised to drive significant advancements in the AI industry, setting new standards for reliability and security.
