RSN Changes Company Name to 'NewnAI' After 20 Years... "Leap to Innovative Global Company"

100 Billion Investment... Targeting IPO Next Year
"Providing New and Differentiated Value"
Accelerating AI Service Development by Industry

RSN, a big data analysis company specializing in generative artificial intelligence (AI), announced on the 25th that it has changed its company name to 'NewnAI.' This reflects its intention to leap forward as a global company providing innovative AI big data analysis services.

NewnAI resolved the agenda to change its long-held company name of 20 years at the regular shareholders' meeting in mid-August and completed the registration process earlier this month.

Newn is a compound word of 'NEW' and 'NEW' spelled backward (NEW+WEN), embodying the corporate spirit of continuously breaking existing frameworks and creating new value by adding newness to newness.

Looking at NewnAI's CI design, the blue-toned object with some horizontal strokes of the alphabet transformed into a stair shape symbolizes sales growth and leaps that have never faltered over 20 years. Empowered by this, the company plans to accelerate AI technology research aligned with changing times and develop AI services that meet the needs of customers across various industries.

NewnAI possesses big data analysis technology using deep learning and generative AI based on the foundation model architecture 'Quetta,' a large language model (LLM) specialized in colloquial unstructured big data. It has also commercialized industry-specific generative AI services reflecting the latest AI technologies, including Quetta TrendGPT, which can search, augment, and generate large-scale online big data.

NewnAI recently secured 10 billion KRW in pre-IPO investment from a leading domestic investment firm. The investment funds have been allocated to infrastructure construction and expanding research and development personnel to strengthen growth momentum. The company is currently progressing through key stages for a technology-specialized listing, aiming for an initial public offering (IPO) next year.

Baek Seonghwan, CEO of NewnAI, stated, "This is an important turning point to secure a super-gap advantage based on the unique position and high market share we have already established in the AI analysis market." He added, "We plan to continue rapidly advancing innovative AI technologies and launching customer-friendly services."