Skip to main content

Naver and Qualcomm collaborated on developing AI

Tinuku ~ Naver and Qualcomm partnered in developing artificial intelligence (AI). South Korea's leading service provider Naver Corporation collaborated with Qualcomm Technologies to build AI technology. The two companies on Monday said an agreement would provide AI-based Clova platform to Qualcomm's Internet of things (IoT) processor.

Tinuku Naver and Qualcomm collaborated on developing AI

"We hope partnership with Qualcomm will help improve the ecosystem of Clova-based platforms. We will continue to improve the features and build related services to change the paradigm into the AI era," Naver CEO Han Seong-sook said in a statement.

Both companies said the combination of Qualcomm's system-on-chip (SoC) and Naver's AI system platform will produce a standard model of AI-based devices. A smart device with AI-based digital assistant service will use Qualcomm's chip technology and Clova Naver system at the same time.

"Our strategic partnership with Naver's AI business will strengthen both companies' presence in IoT market," said Qualcomm Korea President Lee Tae-won.

"The incorporation of Clova AI system platform and Qualcomm Technologies chip technology will support our client device manufacturers to build more convenient and competitive IoT products and services to consumers," said Tae-won.

Naver and its Japanese-based subsidiary, LINE, have announced the development of Clova AI system platform in March. Naver and LINE released the Clova beta as a mobile assistant app recognizes digital sound in Korea.

"Based on several partnerships, we aim to connect all devices, places and environments to AI technology via Clova and we will also use Clova to build ecosystems with more diverse content, partners and device manufacturers," LINE said in a statement.

LINE has also signed an agreement with Toyota to utilize a car intelligence technology called "Smart Device Link." Partnership will also be woven with Family Mart to use Clova and other LINE services for retail businesses.

Naver and LINE plan to launch Clova-based digital "Wave" speakers in Japan and feature a more portable "Champ" device this year. They also developed an intelligent display device called "Face".


Popular posts

Norwegian Coastal Administration prepare Stad Ship Tunnel construction to cut shipping lanes Stad peninsula

Tinuku ~ Norwegian Coastal Administration has begun Stad Ship Tunnel construction as the world's first ship tunnel to navigation bypass at Norway windy sea. A design made 1,700 meters long tunnel through the hills on the Stad peninsula which allows the ship to escape from one of the most dangerous region in the world.

PayPal acquired Sweden's for $2.2 billion

PayPal Holdings Inc. said on Thursday it had agreed to acquire Sweden's for US$2.2 billion. Startup headquartered in Stockholm is one of the most renowned financial technology companies in Europe where the deal will allow PayPal to expand the market globally and will mark the largest acquisitions ever made by a company based in San Jose, California.

iZettle offers a mini credit card device for small businesses that can turn smartphones and tablets into payment registers. The company has been present in 11 countries and offers other services for small businesses including loans. iZettle also has plans to go public.

The deal will also help PayPal provide a more comprehensive suite of services to its merchants, while PayPal that operates in the next 200 countries allows iZettle to accelerate its international expansion including the US. Similar services and major competitors in the US are Square Inc founded by Twitter CEO Jack Dorsey.

Since separating from eBay in 2015, P…

Foxconn unit to raise $4.2 billion IPO in Shanghai

Foxconn unit to collect US$4.2 billion in an IPO on the Shanghai stock exchange. Taiwan's Foxconn Industrial Internet as one of Foxconn's electronics manufacturing giant units that makes cloud services and industrial robot equipment will float 10% of total shares in an initial public offering in China on Thursday aiming to raise 27.1 billion yuan as China's biggest mainland debut for three year.

Taipei-based Foxconn, also known as Hon Hai Precision Industry Co. is the world's largest electronics contract manufacturer, a major supplier of components and assembler products by international brands including Apple and Sony. Foxconn Industrial Internet will launch 1.97 billion new shares at 13.77 yuan per share to raise 27.1 billion yuan (US$4.2 billion).

The IPO will be the largest in mainland China since 2015. Foxconn said it will use the funds raised to improve smart manufacturing, build an internet platform to connect factories, invest in cloud computing and fifth gener…