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BackSooyeon Choi ‘Combining French Energy and Naver AI ecosystem’
Sooyeon Choi ‘Combining French Energy and Naver AI ecosystem’
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연합뉴스43 minutes agoTech2 min readSouth KoreaView original

Sooyeon Choi ‘Combining French Energy and Naver AI ecosystem’

Suyeon ChoiNaverfrance

Quick Look

  • During her trip to France, Naver CEO Choi Soo-yeon emphasized cooperation with French companies in the areas of AI infrastructure, industry-specific AI, and cultural content, and expressed her intention to build an AI factory for European companies by combining France's stable energy base and Naver's AI ecosystem.
  • In addition, the scope of cooperation was expanded by signing an MOU with INA and introducing a global content fund.

AI-generated summary

Why It Matters

Naver announced plans to build an AI factory with NVIDIA and Brookfield, and has expertise in the industry-specific AI field based on its experience in developing BOKI, a financial-specialized AI with the Bank of Korea, and 'Hy-Nuri', a nuclear power plant-specific AI with Korea Hydro & Nuclear Power.

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Team Naver announced on the 9th that it is seeking to expand artificial intelligence (AI) cooperation with France.

Naver CEO Choi Soo-yeon and Naver Cloud CEO Kim Yu-won met with CEOs of French companies during President Lee Jae-myung's trip to France and discovered opportunities for collaboration in the areas of AI infrastructure and content.

In her remarks at the Economist Business Roundtable, CEO Soo-yeon Choi emphasized collaboration in three areas: global AI infrastructure, industry-specific AI with data sovereignty and security, and cultural content.

CEO Choi recalled that Naver announced plans to build an AI factory with NVIDIA and Brookfield and said, "I want to create an AI factory that European companies and startups can use by combining France's stable energy base and Naver's AI ecosystem experience."

CEO Choi proposed to support French companies in building trustworthy industry-specific AI based on Naver's experience in applying AI to actual work by combining data and expertise, such as the Bank of Korea's financial-specialized AI BOKI and the nuclear power plant-specific AI 'Hy-Nuri', which is separated from Korea Hydro & Nuclear Power and the external network.

Representative Choi also attended the Lumiere Summit, an international film and video summit held in Saint-Paul-de-Vence, southern France, as a speaker on the 7th (local time).

At this event, CEO Choi introduced the $100 million global content fund 'IP Adaptation Fund' created jointly by Naver and Webtoon Entertainment to support the global growth of creators.

CEO Choi said he would make direct investments so that the creator's story can grow into a global franchise encompassing video, animation, and games.

In addition, Naver signed a strategic business agreement (MOU) with the French National Audiovisual Institute (INA) on the occasion of President Lee's visit to France to combine AI technology and audiovisual cultural heritage archives.

The two sides plan to jointly seek ways to efficiently analyze content by applying Naver's AI technology to INA's vast audio-visual archive and to allow users to easily explore and utilize the data they need.

What to Watch

AI outlook — possibilities, not facts

  • A specific agreement will be signed between Naver and a French company to build an AI factory.

    Likely · Within months

  • Direct investment in creators will expand through the global content fund ‘IP Adaptation Fund’

    Possible · Within months

Open Questions

  • Which French companies will be selected as cooperation partners?
  • Specific investment scale and schedule for building an AI factory
  • Specific use cases for the content archive that will be created in collaboration with INA

Related Topics

Suyeon Choi
PeopleKim Yu-wonJaemyung Lee
OrganizationsNaverNaver CloudFrench National Audiovisual InstituteBank of Korea
PlacesfranceSaint-Fold-VenceSeoul
TopicsNaverfranceaienergycontentcooperation
This article was originally published by 연합뉴스.

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