Hyundai Motor Securities Report
Hyundai Motor Securities analyzed on the 1st that NAVER is aiming for a super-gap in the AI market through AI-based search advancement services. Accordingly, they maintained a 'Buy' investment rating and a target price of 290,000 KRW.
Hyun-yong Kim, a researcher at Hyundai Motor Securities, stated, "NAVER has achieved vertical integration from AI research and development, solutions, platforms, to devices centered around HyperCLOVA," adding, "HyperCLOVAX, scheduled to be unveiled around July to August this year, will commercialize AI services targeting B2B (business-to-business) and B2C (business-to-consumer) markets."
Researcher Kim said, "Compared to overseas big tech models, HyperCLOVAX has 6,500 times more Korean language training data, leading in localization," and "Having already operated numerous AI services based on its predecessor HyperCLOVA, it holds strengths in commercialization as well."
He further explained, "NAVER's AI business is mainly composed of NAVER Labs and NAVER Cloud," and analyzed, "NAVER spends 300 billion KRW annually on research and development solely in future growth sectors led by AI."
He continued, "AI solutions based on NAVER HyperCLOVA have been increasing intensively since last year," and stated, "More than ten companies, including Hyundai Department Store and Lunit Technologies, are providing AI solutions based on NAVER HyperCLOVA."
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