Kakao Group unveiled the first achievements of its industry-academic cooperation project to uncover modern abilities who will lead the synthetic intelligence (AI) {industry} in the future.
Kakao introduced on the twenty sixth that it held the remaining and award ceremony for the “Four Major Science and Technology Institute X Kakao AI Promotion Project” at the Kakao AI Campus in Yongin, Gyeonggi Province on the twenty second. This project is the first case of implementation of a plan to foster an area AI ecosystem price 50 billion received introduced by Kakao Group in September final yr.
The project concerned 66 groups consisting of professors and college students from 4 main science and know-how facilities: KAIST (Korea Institute of Science and Technology), GIST (Gwangju Institute of Science and Technology), DGIST (Daegu Gyeongbuk Institute of Science and Technology), and UNIST (Ulsan Institute of Science and Technology). The public providing discipline was the thought of know-how start-ups linked to Kakao’s main companies comparable to ▲ Kakao AI service and infrastructure ▲ Kakao Bank monetary development ▲ Kakao Mobility future enterprise ▲ Kakao Entertainment core know-how.
A complete of 13 groups offered in the remaining spherical, and the AnyBridge AI workforce from KAIST received the grand prize. A complete of 39 million received will probably be given to the 5 remaining groups, and all profitable groups will probably be supplied with “Kakao Cloud” credit price up to 35 million received per workforce. The groups will obtain mentoring for every enterprise via Kakao Investment’s preliminary improvement program over the subsequent six months. In addition, relying on know-how development and enterprise mannequin concrete outcomes, a follow-up funding evaluate of up to 1 billion received per workforce will probably be given.
Chang Yoon-joong, CEO of Kakao Entertainment, stated, “A number of ideas that can be expanded to real industries without staying in the research stage have been identified. We hope this project will be the starting point for AI technology to meet the market.” Paek Joon-ho, CEO of Puriosa AI, additionally attended the occasion and gave a particular lecture to share sensible visions and insights with potential founders.
Kim Do-young, CEO of Kakao Investment, stated, “We were able to see the possibility of linking the research capabilities of the four major science and technology institutes with Kakao’s service and investment experience. We will continue to foster sustainable AI talents and startups, not a short-lived public offering.”
Meanwhile, beginning with this project, Kakao Group plans to improve its AI expertise improvement system based mostly on industry-academia cooperation and proceed to help the steady development of the region-centered deep know-how ecosystem.