[Asia Economy Reporter Hyungsoo Park] As the AI chatbot 'ChatGPT' attracts attention worldwide, market interest in the core related technology, graph databases (DB), has also increased. Graph DB is a foundational technology that can most efficiently explore and manage AI knowledge data, which is the core of chatbots.
Bitnine announced on the 31st that inquiries about graph DB business have been increasing due to the expansion of the ChatGPT-related market.
Called the "future of AI," ChatGPT is a conversational AI chatbot that answers questions. It replaces traditional search functions with a vast amount of knowledge data obtained from the web and AI-based knowledge generation capabilities. It is reported that the average daily number of users worldwide has surpassed 10 million.
For AI services like ChatGPT to naturally understand human language, natural language, and provide answers that match the intent, they must accurately explore data and even generate new knowledge. For this, core technology of knowledge graphs that can densely connect relationships between knowledge is required.
Bitnine's graph DB technology structures complex and fragmented data into knowledge graphs. Knowledge graphs are an essential condition for generating new knowledge. Many AI chatbot companies in Korea are also utilizing graph DB to create such knowledge graphs.
A Bitnine official explained, "Graph DB technology optimized for processing large amounts of data is an essential condition for AI chatbot development," adding, "Compared to existing systems, it provides a more intuitive and flexible way to store and query data."
He continued, "It is also the most suitable technology not only for data processing and analysis but also for improving the performance of NLP (Natural Language Processing) tasks such as sentiment analysis and text classification."
The official said, "Recently, large-scale demand has been generated in fields with high utilization of graph DB such as AI, big data, including ChatGPT," and added, "Based on our own R&D clusters established in North America, Europe, and India, Bitnine will continue to capture many graph DB business opportunities in overseas markets."
Founded in 2013, Bitnine is the only company in Korea that possesses graph database (DB) technology. The core technology, graph DB, has the advantage of intuitively understanding relationships between entities and meaningfully representing interactions between entities. It has faster computation speed and higher usability compared to relational DB.
Bitnine developed the world's first hybrid graph database that combines relational databases and graph databases. By allowing the use of the most widely used relational databases together with the newly adopted graph databases, it provides a solution that existing customers can use easily and conveniently.
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