TL;DR:
- Wrtn Technologies aims to become a mega platform by offering free AI services and expanding into international markets like Japan, the Middle East, and Southeast Asia.
- CEO Lee Se-young reaffirms the company’s commitment to providing free AI services and highlights its goal of reaching 40 million users.
- Wrtn Technologies, founded in 2021, has rapidly grown, with a current MAU goal of 1.5 million and 2 million total registered users.
- Lee discusses the evolution of the generative AI market, which is moving into its second phase with increased startup activity and infrastructure development.
- Wrtn Technologies believes platform players, not direct AI creators, will emerge as the industry’s ultimate winners.
- The company has established a presence in Japan and aims to boost its 30,000 MAU to 1 million in the coming year.
Main AI News:
In a bold strategic move, Wrtn Technologies, the Seoul-based AI website service platform operator, is gearing up to redefine the AI landscape by venturing into the global market. As envisioned by its CEO, Lee Se-young, the company aims to transform into a mega platform, offering its services free of charge while setting its sights on international expansion, targeting key markets such as Japan, the Middle East, and Southeast Asia.
Lee Se-young shared this ambitious vision during a press conference in Seoul, emphasizing their commitment to providing free AI services to their users. “We aim to become a mega platform next year. Currently, we are on the verge of having 2 million registered users, but we aim to become a service used by 40 million people,” he stated. “To achieve this, we will make our AI service available for free to everyone.“
What sets Wrtn Technologies apart is its unwavering dedication to free services from the very beginning. “Since the launch of our platform, we have never charged a fee,” Lee reiterated. “I want to declare once again that our services will remain free, as some might be concerned about transitioning to a paid model in the future.”
Founded in 2021, Wrtn Technologies has been at the forefront of providing various AI services, leveraging cutting-edge generative AI technologies such as OpenAI’s ChatGPT. Lee shared their current goals, stating, “Our goal for this year is to achieve an MAU (monthly active users) of 1.5 million, and we are about to reach a goal of garnering 2 million in total registered users.”
Lee also offered insights into the evolving landscape of the generative AI market. He noted, “The first phase, driven by competition among developers creating large language models, has come to a close. I believe the second phase has begun. This year has seen a significant increase in the number of new startups. There has been much development in related applications and infrastructure, and in the second phase, we will see the Cambrian explosion of generative AI. Numerous models will emerge, and the generative AI market will grow.”
Wrtn Technologies has a distinctive perspective on the future of the industry. “I often get asked who I think the ultimate winner in this market will be. At Wrtn, we believe that platform players, rather than those who create generative AI directly, will be the winners. And when a mega platform emerges, the third phase will begin.“
With an eye on global expansion, Lee outlined the company’s aspirations, stating, “Our goal is to become the leading generative AI platform for Japan, the Middle East, and Southeast Asia.” To support this endeavor, Wrtn established a local corporation in Japan last month, currently boasting an MAU of about 30,000. The company plans to ramp up these numbers to an impressive 1 million by the following year.
Conclusion:
Wrtn Technologies’ ambitious expansion plans and commitment to free AI services indicate a strategic shift in the generative AI market. The company’s vision to become a mega platform and its focus on international markets signal a new phase of growth and competition in the industry, with platform players poised to emerge as key players. This move may also set a trend for other AI service providers to rethink their strategies in the evolving AI landscape.
