Duzon Bizon-LG AI Research Institute, Joint Development of Private AI

Duzon Bizon signed a memorandum of understanding (MOU) on the 14th with LG AI Research Institute to expand its private artificial intelligence (Private AI) business sector.

LG AI Research Institute serves as LG Group's AI think tank, enhancing the group's AI capabilities by solving business challenges, conducting cutting-edge AI research, and establishing AI ethical principles. Through its self-developed large language model EXAONE, it develops technologies and solutions optimized for various industries.

Based on the MOU, Duzon Bizon will utilize its AI technology to promote digital transformation (DX) in closed network environments such as public and financial institutions, and jointly develop AI-based solutions and services. By combining Duzon Bizon's self-developed API bridge technology and retrieval-augmented generation (RAG) engine with LG AI Research Institute's EXAONE-based private AI model, they aim to support an AI work environment optimized for public and financial sectors that require network separation-based operations.

ONE AI, launched by Duzon Bizon in June last year, has proven its business growth potential by signing contracts with over 3,200 companies. The public AI model ONE AI has led AI innovation by supporting practical AI work environments for corporate clients. The plan is to realize AI transformation in corporate closed networks through the full-scale expansion of the private AI business sector.

The two companies will build a close cooperative network to secure technical support and know-how necessary for AI service adoption and operation, continuing customized implementation projects through mutual collaboration. Through continuous technology exchange and cooperation, they will test AI technologies in business environments, conduct ongoing verification and improvement, and secure various AI technology application cases.

Baek Kyung-hoon, Director of LG AI Research Institute, emphasized, "By utilizing the EXAONE model specialized for safe and useful use by corporate practitioners through high-quality data learning, we expect not only increased work efficiency but also the creation of new business opportunities by promoting corporate solution development with Duzon Bizon."

Ji Yong-gu, CEO of Growth Strategy Division at Duzon Bizon, said, "We will realize AX work process optimization in business environments across all industries, including public and financial institutions, by creating strategic collaboration synergy effects with LG AI Research Institute."