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South Korean startup CN.AI Inc. is now eyeing the fast-growing global synthetic data market, which will expand to $26.1 billion in 2024.
Lee Won-seop, CEO of CN.AI Inc., which generates synthetic data for AI, said they are planning to go overseas and work on establishing a branch in Silicon Valley and have hired the branch president to attract investors.
He noted that artificially manufactured information is the key to solve the data-lacking problem.
CN.AI Inc. creates synthetic data based on statistics of the original to help companies collect quality data for their AI engines.”
Lee, who started his engineering career at Samsung Electronics Co. about 10 years ago, cited his company’s project to design an AI-powered gastric cancer diagnosis program with the Samsung Medical Center a year ago.
He had received around 5,000 endoscopic images on 13 divided sections of stomachs, but it was far behind the 200,000 images required for system programing. And some sections had no data at all.
To make up for the shortage, his company digitally generated thousands of necessary images of lesions in gastric tissues.
Synthetic data refers to artificially generated information by computer simulations or algorithms as an alternative to real-world data.
It has been welcomed by a variety of fields, especially by AI engineering, as collecting quality data from the real world is complicated, expensive and time-consuming.
