Promoting Development of AI Models
Koopa announced on July 18 that it has signed a memorandum of understanding (MOU) with Beyond Music, a company specializing in music IP investment, to collaborate on building music IP data analysis and artificial intelligence (AI) infrastructure.
Under the agreement, Koopa will support the advancement of Beyond Music's music database and jointly apply recommendation and analysis algorithms for the digital utilization of music assets. Based on this, the two companies also plan to explore various business applications in the future.
The two companies have also agreed to cooperate on joint technology development, including the development of AI models for evaluating the value and profitability of music IP, research on precise revenue forecasting using copyright data, and strengthening global competitiveness through the use of financial AI algorithms.
Noh Myungheon, CEO of Koopa, said, "Collaboration with Beyond Music is a meaningful attempt to introduce Koopa's AI algorithms into the music IP industry," adding, "By combining the strengths of both companies, we will contribute to innovation and enhanced global competitiveness in the music IP industry."
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