Korea, U.S. startups kind AX Alliance to take care of rising demand for AI initiatives

From left, Cloocus CEO Hong Sung-wan, Nurier System CEO Kim Dong-young, Ringnet CEO Lee Jung-min, Twolinecode CEO Hyun Seung-yeop and Wisenut CEO Kang Yong-seng pose for the picture on the ceremony to commemorate the formation of AX Alliance in southern Seoul on Tuesday. [CLOOCUS]

 
Six AI startups from Korea and the US have shaped an alliance on Tuesday to collaborate on creating personalized AI platforms for enterprises.
 
5 home AI startups — Cloocus, Nurier System, Ringnet, Twolinecode and WiseNut — in addition to New York-based Wiz say that combining their efforts below the AI Transformation Alliance (AX Alliance) is critical to fulfill the rising calls for of shoppers trying to combine the much-hyped expertise into their programs.    
 
“We gathered to work as if we’re one company, to unite our technologies to help our clients quickly and easily implement AI into the new platforms they wish to build,” Cloocus CEO Hong Sung-wan stated at a press occasion to stipulate the AX Alliance’s roadmap in southern Seoul. “Among the six of us, there are 300 employees devoted to AI, and we believe that we can handle at least 30 projects simultaneously.”
 
Hong additionally talked about the opportunity of establishing a separate three way partnership “if things go well.”
 
Specifically, Cloocus, Ringnet, WiseNut and Wiz will work to build cloud-based security infrastructure. WiseNut, Cloocus and Twolinecode will handle optimizing AI model performance and systems based on corporate data. Twolinecode will also provide tailored services for microservice architecture and application programming interfaces, while Nurier System will develop security-based AI portals.  
 
“It is difficult for a single company to handle all the components of the AI technology stack,” stated Wisenut’s Govt Director Lee Seok-won. “[For instance,] managed service providers might lack experience in AI elements, while AI companies may not have sufficient capabilities in service planning and implementation.
 
“[But] Korean enterprise clients use the system integration approach of adopting an entire system, but the depth of these technologies are so extensive, with the advent of large-scale AI systems, that no single company can become Superman and solve everything.”
 
AX Alliance’s final aim, is to maintain up with the quickly evolving expertise to develop into the answer supplier whereas decreasing the redundant investments and working prices that include securing technological capabilities in all areas.
 
“Our purpose at AX Alliance is about how swiftly we can respond to technological advancements, and we are not tied to any specific business model,” Hong stated. “Our goal is to quickly adapt to the new technologies, learn from them and provide our clients with the most optimal solutions.”
 

BY LEE JAE-LIM [lee.jaelim@joongang.co.kr]