Naver-invested Nota AI named global leader in AI optimization

The AI model lightweighting and optimization company is on the large language model operations market map of CB Insights

Naver-invested Nota AI named global leader in AI optimization
Ju-Hyun Lee 1
2023-10-20 13:38:31 deep@hankyung.com
Artificial intelligence

South Korea’s Nota AI, an artificial intelligence (AI) optimization model company with investment from Naver D2 Startup Factory (D2SF), an investment entity of the country’s leading web portal Naver, has been named a global leader in AI ​​optimization by the New York-based global market research company CB Insights.

Naver on Friday said Nota AI was the country’s lone company ranked in the category.

AI optimization is basic technology for maintaining efficiency and high performance by optimizing models and making them lightweight based on hardware characteristics and specifications.

Given surging operating costs due to more companies adopting AI, technology for AI lightweighting and optimization is attracting massive interest for its cost-cutting effects.

Nota AI developed such know-how for use in NetsPresso, a platform for optimizing hardware-aware AI models, and recently rolled out Stable Diffusion, a hyperscale AI model for producing images.

“Based on our close partnerships with global AI semiconductor companies such as Nvidia and Arm, we will grow into a company contributing to making AI universal on the world market,” Nota AI CEO Chae Myung-su said.

His company has attracted 27.2 billion won ($20 million) in investment from Samsung, LG, Kakao and Naver D2SF.

Write to Ju-Hyun Lee at deep@hankyung.com
#naver nota #korea naver ai llm #nota cb insight #naver ai nota

Naver launches AI-based hotel recommendations service

Naver launches AI-based hotel recommendations service

South Korea’s web portal giant Naver Corp. has launched a beta service for For You, which recommends hotels using artificial intelligence (AI).Industry sources on Wednesday said the company recently launched For You in Naver’s travel product section.This means the section now has

Naver’s 'Cue:' throws down the gauntlet to MS Bing Chat

Naver’s 'Cue:' throws down the gauntlet to MS Bing Chat

Naver Corp., South Korea’s dominant web portal operator, on Wednesday launched a beta service of its new generative artificial intelligence technology-powered search engine Cue:, which is similar to Microsoft Corp.’s Bing Chat backed by OpenAI’s latest large language model (L

Naver raises S.Korean market lead thanks to LLM HyperCLOVA X

Naver raises S.Korean market lead thanks to LLM HyperCLOVA X

Naver CEO Choi Soo-yeon presents HyperCLOVA X on Aug. 24, 2023 (Courtesy of Naver)  South Korea’s leading web portal Naver Corp. has raised its domestic market share, which plummeted to the mid-50% range in May, thanks to HyperCLOVA X, a large language model (LLM) based on generative

Naver eyes global market with new LLM HyperCLOVA X

Naver eyes global market with new LLM HyperCLOVA X

Naver CEO Choi Soo-yeon presents HyperCLOVA X on Aug. 24, 2023 (Courtesy of Naver)  Naver Corp., the South Korean online platform giant, has finally debuted its upgraded large language model (LLM) HyperCLOVA X, its new pillar business that is expected to foster the company's future growth

(* comment hide *}