[Market Focus] Deepnoid Rises on News of Selection for Major Government AI Project

Deepnoid showed strong performance in early trading on the 31st. This is interpreted as a surge in buying interest following the news that the company has been selected as the lead research and development institution for a large-scale government-led artificial intelligence (AI) technology development project.

As of 9:08 a.m. on this day, Deepnoid's share price on the KOSDAQ market was 5,700 won, up 4.20% from the previous trading day. The stock opened at 5,940 won and once climbed to 5,960 won before retreating slightly.

Deepnoid announced that it has been selected and has completed an agreement for the '2025 1st Biohealth R&D Project in Digital Healthcare', which is supervised by the Ministry of Trade, Industry and Energy and the Korea Evaluation Institute of Industrial Technology (KEIT), with a total scale of 11.6 billion won. The selected project is 'Development of Medical-Specialized Multimodal Large-Scale Generative AI Technology'.

Deepnoid has accumulated experience in developing generative AI technologies, including the development this year of 'M4CXR', a generative AI-based draft report model for chest X-rays (CXR). As the lead research and development institution, Deepnoid will directly plan and execute the entire process of developing a large-scale AI foundation model. In this process, the company will receive 4.98 billion won in government funding.