CrowdWorks Hits Bottom, a Reliable Assistant in the AI Era

Stock Price Up 82% Since 15th Last Month
AI Solution Sector Advances with Arrival of AI Era
Expecting to Lead Data Market with AI Data Trading Platform

The stock price of CrowdWorks, an artificial intelligence (AI) solution company, has surged sharply over the past month. Expectations of benefits from the growth of the AI industry are driving the stock price increase.

According to the financial investment industry on the 16th, CrowdWorks' stock price rose 81.5% in one month since April 15. During the same period, the KOSDAQ index increased by only 1.8%. After hitting the lowest price of 9,530 KRW since its listing on April 15, the stock price has quickly rebounded.

Founded in 2017, CrowdWorks provides services such as the 'Data Engine' that preprocesses data needed for AI training, and customized large language model (LLM) construction services for companies under 'AI Solutions.' The Data Engine operates a data labeling platform that converts various data types, including images and videos, into forms recognizable by AI. The platform allows the general public to participate in labeling tasks and share profits, and the labeled data is sold to clients in sectors such as finance and search portals. The number of registered labelers is the largest in Korea, totaling 620,000.

As an AI solution, CrowdWorks launched the fine-tuning solution LLM Platform in September 2023. It was selected as an official partner of Naver HyperCLOVA X, and in the first half of this year, it released the business-specialized sLM 'WorksOne.' CrowdWorks also operates the 'Crowd Academy,' which trains personnel necessary for AI data construction. The Crowd Academy provides educational content for labeler training and was selected for the 'National Tomorrow Learning Card' program in 2021 and the 'Platform Worker Specialized Training' project in 2023.

Jung-in Park, a researcher at Korea Investment & Securities, explained, "The progress in the AI solutions sector is a positive factor," adding, "Third-quarter sales reached 1.7 billion KRW, a 96.3% increase compared to the previous quarter." He continued, "Since its launch in September last year, it achieved the highest quarterly growth rate," and "Projects that were in the proof-of-concept (PoC) stage in the first half of the year transitioned to full projects in the second half, driving the business unit's performance."

The recently launched AI data trading platform by CrowdWorks, 'A1 Data Exchange,' is expected to contribute to increasing the company's value. The 'A1 Data Exchange' is a platform that provides AI training data purchasing and certification of data transaction records. AI data is becoming increasingly important over time overseas. Blockchain startup PIP Labs was recognized with a corporate value of 3 trillion KRW in the United States. Led by the world's largest venture capital firm Andreessen Horowitz (a16z), it secured $80 million in Series B funding. The platform embeds ownership and licensing of intellectual property (IP) as metadata, enabling creators to receive revenue shares without complex legal procedures.

The passage of the impeachment motion against President Yoon Suk-yeol in the National Assembly plenary session on the 14th has partially alleviated political uncertainty, which is also expected to act as a factor in increasing CrowdWorks' corporate value. Prominent politicians are showing interest in fostering the AI industry. Lee Jae-myung, leader of the Democratic Party of Korea, recently emphasized on social networking services (SNS) that "If (side effects from AI technology advancement) are unavoidable, those who prepare and respond first will have the opportunity." Han Dong-hoon, leader of the People Power Party, commented on April 22 that the passage of the 'AI Basic Act' and 'Digital Inclusion Act' through the National Assembly Science, Technology, Information and Broadcasting Committee's bill review subcommittee the day before marked "an important first step for South Korea to enter the AI technology era," urging more support for the AI sector.