Naver to Unveil Hyper-Scale AI ‘HyperClovaX’ on August 24th

As global big tech companies are showcasing generative AI technology targeting the Korean market, Naver is responding by unveiling its next-generation hyper-scale AI model ‘HyperClovaX’. This model will power various AI services of Naver and is officially set to launch on August 24th.

Naver’s Sense of Crisis and Response Strategy

Naver’s sense of crisis began with the emergence of ChatGPT in November 2022. With the analysis that generative AI could completely replace Naver’s core service, search, the entry of global big tech into Korea has intensified. Consequently, Naver faces a crisis where its status as ‘Korea’s largest platform company’ could be shaken.

Google announced support for Korean in its AI chatbot service ‘Bard’ last May, and OpenAI has launched the ChatGPT iPhone application in Korea, focusing on the Korean market.

Features and Strategy of HyperClovaX

To respond to this global competition, Naver has developed a next-generation hyper-scale (Hyper Scale) AI model ‘HyperClovaX’. This model is an improved version of ‘HyperClova’, launched in May 2021, and powers various AI services of Naver.

HyperClovaX has learned from the vast Korean data accumulated within the Naver platform, ensuring sufficient competitiveness in terms of domestic information accuracy. Naver plans to create new services specialized in commerce, finance, law, education, and other professional fields based on this.

In particular, Naver plans to launch a search service ‘Cue:’ based on HyperClovaX. This service will start beta testing in September, generating answers using reliable up-to-date information and providing multi-dimensional search results.

Additionally, Naver is expanding into the B2B market. By equipping ‘Clova Studio’, a hyper-scale AI tool serviced through Naver Cloud Platform, with the HyperClovaX model, corporate customers can build customized AI services by integrating their data with HyperClovaX.

Attention to Competition with Kakao

Meanwhile, Kakao also owns a hyper-scale AI model called Ko-GPT, unveiled in November 2021, and plans to launch an improved next-generation model, Ko-GPT 2.0, within the year. Kakao plans to promote AI chatbots based on KakaoTalk, the enhancement of AI artist ‘Karlo’, healthcare AI diagnostic services, and the integration of new drug development platforms.

Conclusion

Naver’s ‘HyperClovaX’ is an essential strategy to ensure that the domestic IT ecosystem is not dependent on foreign companies. Through this, Naver is preparing a vital stepping stone to protect the Korean market from global big tech competition by providing services optimized for the Korean market.

Naver’s efforts are expected to contribute to the growth of the domestic IT industry and provide better services to the people.

More details can be found on HyperClova’s official page

Investment Insights Related to HyperClovaX

Domestic related stocks:

• Naver (035420):
  • Overview: Korea’s largest search engine, utilization of AI technology
  • Investment Points: Expansion of AI business, long-term growth potential
• Kakao (035720):
  • Overview: Messenger, finance, content, and various field activities
  • Investment Points: Utilization of AI technology, improvement in service quality
• Alchera (347860):
  • Overview: AI and big data analysis medical solution
  • Investment Points: Expansion of AI utilization in medical field
• Saltlux (304100):
  • Overview: AI-based security solution
  • Investment Points: Increasing importance of AI security
• Ubion (089850):
  • Overview: Utilization of AI and robot technology
  • Investment Points: Importance of combining robot technology and AI
• Polaris Office (237690):
  • Overview: Cloud-based office solution
  • Investment Points: Efficiency of combining cloud and AI
• SK Telecom (017670):
  • Overview: Domestic telecommunications company, investment in AI and 5G technology
  • Investment Points: Growth of AI-based services, importance of 5G infrastructure
• LG Electronics (066570):
  • Overview: Home appliances, mobile, entertainment activities
  • Investment Points: Collaboration with HyperClovaX, integration of smart home devices

Domestic related coins:

• Klaytn (Klaytn):
  • Overview: Kakao-led blockchain platform
  • Investment Points: Fusion of AI and blockchain, creation of new service models
• ICON (ICON):
  • Overview: Domestic blockchain project
  • Investment Points: Integration with HyperClovaX, innovation in security and data management

International investment insights:

• Hardware manufacturers:
  • Example: NVIDIA (NVDA)
  • Investment Points: Increase in demand for AI hardware
• Cloud service providers:
  • Example: Amazon Web Services (AMZN)
  • Investment Points: Importance of cloud infrastructure
• Voice recognition technology companies:
  • Example: Nuance Communications (NUAN)
  • Investment Points: Growth of voice recognition technology
• Mobile and IoT device manufacturers:
  • Example: Samsung Electronics (005930)
  • Investment Points: Integration with HyperClovaX, provision of new user experience

Disclaimer

This article is intended for general information purposes only and is not tailored to the investment objectives or individual investment situations of specific investors. It is advisable to seek independent financial advice before making investment decisions based on the information mentioned in this article. This article does not recommend or solicit the purchase or sale of any securities, and does not assume legal responsibility for investment results based on the content stated in this article. Investing carries the risk of loss of principal, so please make your decision carefully.

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