[Asia Economy Reporter Hyungsoo Park] MindsLab is showing strong performance. With the next government presenting the goal of becoming a ‘world-class artificial intelligence (AI) industry’ as a core pledge, expectations of policy benefits appear to be influencing the stock price.
As of 11:20 AM on the 15th, MindsLab is trading at 25,250 KRW, up 20.24% from the previous day.
Founded in 2014, MindsLab is a company that provides comprehensive artificial intelligence and artificial human services through its proprietary AI technology and engines. It was listed on the KOSDAQ market on November 23 last year with a public offering price of 30,000 KRW.
Kim Doohyun, a researcher at Hana Financial Investment, explained, "MindsLab is evolving into an AI platform company" and "It has momentum for sales expansion through Ma-eum Cloud."
He added, "Ma-eum Cloud is a business that platforms Ma-eum AI products, and by paying 99,000 KRW per month, users can access not only MindsLab’s services but also most services based on about 40 AI engines (APIs) developed in-house, such as AI counselors and stenographers."
He continued, "The Ma-eum Cloud platform is based on an operating system called ‘Ma-eum Orchestra,’" and "Depending on how the more than 40 engines under Ma-eum Orchestra are connected, various AI services can be produced quickly."
He emphasized, "On the Ma-eum Cloud platform, customers can use desired services in a customized combination method," and "It has a pay-per-use structure, and if usage exceeds the available amount, additional payment allows continued service use."
He analyzed, "Rather than an SI business that builds services according to corporate requirements, MindsLab is transforming into an AI platform company that provides multiple engine-based services, allowing companies to select and use them according to their preferences."
Researcher Kim stated, "MindsLab recently signed a ‘cloud-based AI platform joint business cooperation’ agreement with MegazoneCloud, which was selected as the first AWS (Amazon Web Services) partner in Korea," and "MegazoneCloud currently has more than 5,000 customers."
Furthermore, "They are collaborating by providing MindsLab’s various AI services and engines to these customers," and "This will be a positive signal for MindsLab to secure potential clients and expand demand, leading to a turnaround to profitability this year."
There is growing expectation that Ahn Cheol-soo, leader of the People’s Party who will oversee the blueprint for President-elect Yoon Seok-yeol’s administration, will focus capabilities on realizing the ‘Five Major Innovation Strategies in Science and Technology’ and the ‘Digital Platform Government.’ This is interpreted as the reason why MindsLab and Zoom Internet, considered AI and platform-related stocks, have recently attracted attention.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
