In today’s briefing:
- RiiiD: AI Machine Learning Technology to Improve Students Education and Test Scores
- Kakao Brain: Leading Provider of AI Based Text-To-Image Service & Launch of KoGPT in 2H 2023
RiiiD: AI Machine Learning Technology to Improve Students Education and Test Scores
- Riiid uses AI machine learning technology including “reinforcement learning algorithm” to improve student education.
- Riiid has a strong presence in the TOEIC test prep services in Asia. Now, it is expanding its business in the SAT and ACT prep markets in the United States.
- Since the company’s inception, the company has received about $250 million in funding including from Softbank Vision Fund.
Kakao Brain: Leading Provider of AI Based Text-To-Image Service & Launch of KoGPT in 2H 2023
- One of the most promising projects that Kakao Brain is currently developing includes an AI Korean language model called KoGPT, which would be similar to ChatGPT service.
- In February 2023, Kakao Brain created a major magazine cover which was the first time in South Korea that an AI-based artwork has been published on a major magazine cover.
- There are five major companies including Kakao Brain, Naver Corp, SK Telecom, KT Corp, and LG AI Research that are actively developing Korean language versions of Chat GPT.
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