Kakao, also known as Daum Kakao, is a privately owned South Korean company founded in 2010. Employing approximately 2,530 people, its core business revolves around providing a range of mobile services. These services encompass messaging, email, search, news, advertising, gaming, e-commerce, music, and mapping functionalities. In 2020, the company reported revenues of approximately $100 million.
Kakao Group announced on Thursday, and again on the 18th, plans to establish a 50 billion won fund over five years. This fund, in partnership with KAIST, GIST, DGIST, and UNIST, aims to foster regional artificial intelligence ecosystems and support balanced national growth. Separately, Kakao Healthcare announced a partnership with Providence Health Care, facilitating entry into the Canadian market and providing small pharmaceutical and biotechnology businesses access to AI models.
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