ASML Trillion-Dollar Valuation: Can Europe’s AI Chip Giant Reach the Historic Milestone? 
KB Securities Explains Why KOSPI Is Falling Despite Strong Samsung, SK Hynix Earnings 
DeepSeek Eyes $74 Billion Valuation Ahead of Planned China IPO 
ASEAN Ministers Warn Middle East Conflict Threatens Regional Stability and Energy Security 
SpaceX Eyes Pentagon AI Deal as Cloud Pricing Strategy Pressures CoreWeave 
Belimo H1 Sales Surge as AI Data Center Cooling Drives More Than Half of Growth 
Oil Prices Surge as U.S.-Iran Conflict Escalates, Raising Supply Fears 
TSMC Sees Multi-Year AI Chip Demand as Arizona Expansion Reaches $265 Billion 
SpaceX Targets Thursday Launch for Starship's 13th Test Flight After Last-Minute Delay 
Trump Criticizes ABC, NBC and CNN for Limiting Coverage of Election Speech 
Nationwide Data Center Protests Highlight Growing Backlash Against AI Expansion 
Moonshot Launches Kimi K3, China's Largest Open-Source AI Model 
Samsung Biologics Launches $1.81 Billion Bid to Acquire PolyPeptide 
Jamie Dimon Warns Anthropic's Mythos AI Poses National Security Risks 
Deutsche Bank Says Fed Balance Sheet Cuts Could Weaken US Dollar Instead of Boosting It 
Gold Climbs Above $4,000 as Middle East Tensions and Fed Outlook Drive Safe-Haven Demand 
Foxconn Wins First SpaceX AI Server Contract Worth Estimated $52 Billion 
South Korea's Naver Corp. debuts HyperCLOVA X, an advanced AI model, alongside a tailored chatbot service, positioning itself as a leader in the intensifying global linguistic AI showdown following the success of ChatGPT.
HyperCLOVA X considered a core AI technology model for Naver, is built on the foundation of robust supercomputing capabilities, extensive data analysis, and operational experience gained from Naver's comprehensive online platform.
This platform encompasses Korea's largest search engine, cloud services, email, shopping, and other internet-based products. "Our generative AI model, HyperCLOVA X, benefits from Naver's extensive expertise and technologies gained over decades in various sectors such as search, shopping, and booking," remarked Naver CEO Choi Soo-yeon during a conference held in Seoul.
Naver's commitment to cutting-edge technology is evidenced by the substantial investments made. The company has dedicated 22 percent of its operating profit, amounting to around 1 trillion won (approximately $754 billion), to advance AI development over the past five years.
In its pursuit of further expanding data-analyzing capabilities, Naver is set to open a state-of-the-art large data center in Sejong, a central city in South Korea. This center, expected to commence operations in November, will house over 600,000 servers and serve as a central hub for Naver's hyperscale AI services.
Furthermore, Naver also unveiled CLOVA X, an AI chatbot based on a large language model, and CUE, a generative AI search service. Both of these offerings leverage the advanced capabilities of HyperCLOVA X. CLOVA X, slated for beta testing later today, aims to deliver accurate responses tailored to users' diverse demands, thanks to its conversational and adaptable AI, which can create stories, summarize information, and perform language encoding.
Additionally, Naver is set to launch CUE: next month, an interactive AI chatbot specifically designed for online search.
Photo: Naver Pressroom
