![]() ![]() We will maintain the growth momentum by stable management of existing businesses and seek for new business opportunities, and become a platform most favored by users," Choi said. "The year 2022 was a time for Naver to secure internal stability to take a leap forward as a global company. 13 January 2021 10:29 by Wooyoung Lee Data Privacy and Security Tech and Telco Asia Scatter Lab, the South Korean developer of Artificial Intelligence chatbot named Iruda, is the target of a new investigation by the South Korean privacy regulator. Its content business and cloud business posted sales of 437.5 billion won and 111.1 billion won, respectively. The company logged an operating profit of 336.5 billion won in the quarter, which is a decline of 4.2 percent on-year.īy business division, the company's search platform business achieved 916.4 billion won in sales, while commerce earned 486.8 billion won and financial technology earned 319.9 billion won in the fourth quarter. In the fourth quarter of 2022, the company posted 2.27 trillion won in sales, down 17.8 percent on-year. While its sales grew, the company's operating profit edged down by 1.6 percent on-year to stand at 1.3 trillion won.įor the loss in profit, the company attributed it to poor performance in its commerce and advertisements business on expectations of a global economic recession. With the solution, we expect to integrate various online services of commerce and the metaverse to the real-world environment."Įarlier in the day, Naver reported its annual revenue logged 8.2 trillion won ($6.67 billion) in 2022, increasing 20.6 percent from the previous year. "We are currently preparing the Request for Information document for some of the projects. "In regards to the Neom city project, we are in discussions with construction companies to come up with a smart building and smart city solution utilizing various future technologies, such as robotics, digital twin, autonomous driving and artificial intelligence," Choi said. The Korean IT giant said it has also begun discussing possible business cooperation with construction companies regarding the Neom city project in Saudi Arabia. To raise the quality of the search results, the company is experimenting with its program to search inquiries such as purchasing laptops at cheap prices and subway fees. “Naver’s hyper artificial intelligence HyperClova - hyperscale AI model - is developing, and on the foundation of this technology, many B2B (business-to-business) solutions on paying platforms keep opening,” Choi said. With its ample user data and technological know-how, Naver will also be able to overcome the problem with degradation in accuracy when English-based models are translated into Korean, Choi added.Ĭhoi viewed the company would be able to profit with its GPT as well. GPT refers to a neural network learning model that enables machines to perform natural language processing tasks.Ĭhoi expressed confidence that Naver would be able to overcome the cons of generative AI, of how it lacks credibility and recency. "Our objective is not to apply the program for immediate gain of overall traffic or for user engagement, but for research and development to this new and upcoming search technology," Choi said. Naver will not be applying the search GPT straight to its current search engine, but will launch a pilot program, the CEO said. And we plan to introduce our own upgraded version of SearchGPT in the first half of this year,” Chief Executive Officer Choi Soo-yeon said during the earnings call for the fourth quarter 2022. “We are gearing up to handle new search trends, such as the generative AI that is gaining a lot of attention now. into a "super app," which is the idea started by China's tech giants to include a range of services into one app.South Korean internet giant Naver said Friday it will launch its own generative pretrained transformer, or GPT, for search functions by the end of June, as OpenAI's artificial intelligence chatbot ChatGPT has been taking the tech world by storm. It launched a beta version in South Korea last year, and said its final goal is very different from ChatGPT. The largest wireless carrier in South Korea is planning an international release of its AI bot, "A." - pronounced "A dot" - this year, CNBC reported. While Alibaba’s stock slightly increased, it didn't get a big bump like Baidu's did. And markets didn't respond as well to the announcements. Since they're not primarily search engines, it's less of a natural fit. The two Chinese e-commerce giants both announced that they are working on integrating similar ChatGPT-like tech into their products. Company stock rose to an 11-year high in Hong Kong after the announcement, CNBC reported. Baidu said internal testing should be finished by March. Known as the Chinese equivalent to Google, Baidu has said it is working on a chatbot called "Ernie bot" in English or "Wenxin Yiyan" in Chinese, based on an AI model the company introduced in 2019. ![]()
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