Written by Kim Boram
SEOUL, May 16 (Yonhap) — South Korean start-up Upstage on Tuesday unveiled an artificial intelligence (AI)-powered solution for businesses to provide automated document processing and personalized search services. bottom.
Document AI Pack is Upstage’s flagship no-code program based on optical character recognition (OCR) technology that converts scanned documents into editable and shareable text files.
Upstage says its high-performance AI and fine-tuning technology extracts the desired content of complex documents in a more accurate way and reproduces it in new digital formats, allowing companies to streamline the documentation process and He said it would reduce repetitive manual work.
Upstage co-founder and CEO Sung Kim speaks at a press conference in Seoul on May 16, 2023 (photo courtesy of the company). (Photo not for sale) (Yonhap News)
“When you use a product, its performance is the most important thing,” Upstage co-founder and CEO Sung Kim said at a press conference. “Our fine-tuned OCR technology shows him to be 96% accurate in recognizing medical bills.”
Major financial institutions such as Samsung Life Insurance and KB Kookmin Bank are examples of customers, he added.
Upstage’s AskUp Seargest, an upgrade to the business model of AskUp, the company’s ChatGPT-integrated free chatbot, has gained popularity since its March launch on KakaoTalk, the country’s most popular mobile messenger. increase. The number of users exceeded 1 million as of early May.
In our upgrade model, we have developed a “Search and Suggest” AI engine that provides personalized and up-to-date recommendations through fine-tuning technology used in Document AI Pack.
Kim said about 100 local businesses, including Kyungbo Bookstore, the country’s largest bookstore chain, are in talks with Upstage to adopt AskUp Seargest for their customer and marketing services.
“Our AI models use ChatGPT in 70% of our programs,” said Kim, who led Naver’s AI engine HyperCLOVA project. “We remain committed to reducing our reliance on ChatGPT.”
Upstage said it expects to break even next year through its new business model and overseas operations, including the newly launched AskUp service through Line Messenger in Japan.
“We secured sales of KRW 6 billion (US$4.5 million) last year and KRW 5 billion in the first half of this year,” said Kwon Seung-il, head of AI business strategy and development at Upstage. “We build a stepping stone to global business based on an extensible language model.”
Company image provided by Upstage (photo not for sale) (Yonhap News)
brk@yna.co.kr
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