AI Natural Language Processing Company "Brain Ventures" Selected as a Data Voucher Processing Company by the Korea Data Industry Promotion Agency.

    SEONGNAM, South Korea, July 10, 2021 /PRNewswire/ -- Brain Ventures (CEO Won-hoe Kim), a resident company of ICT-Culture Convergence Center operated by the Ministry of Science and ICT and the National IT Industry Promotion Agency, announced on the 5th that it was selected as a data voucher processing company by the Korea Data Agency for 2021.

    The selection as the data voucher processing company is a feat accomplished by Brain Ventures, an AI-based natural language processing company, after 9 months of its establishment. It was evaluated highly for tangible research achievements such as the publication of research papers on AI natural language processing and the application of 5 patents and trademarks in a short period of time.

    The data voucher business is a state-funded project to create new business model by processing various data (text, image, video, etc.) owned by demanding companies. Based on its own technology, Brain Ventures is developing AI chatbot engine, AI image processing module, generating AI sports data, and developing a business model through video processing, with demanding companies. Brain Ventures is also advancing into the field of processing legal data and intellectual property data based on data de-identification, weight reduction, and visualization technologies.

    Meanwhile, Brain Ventures has developed an AI video content automatic translator and short answer scorer. It is currently co-developing sentence meaning extraction technology with Russia's Ashmanov Neural Networks with the support of Small and Medium Business Technology Information Promotion Agency."Brain Ventures is always open to companies hoping to create new business models through data processing," said CEO Won-hoe Kim. "We will strive to realize the day when artificial intelligence freely understands, evaluates, and communicates with human languages."

    Caishen.Co - Primary Data for China Secondary Investment and Stock Markets
    PR Newswire is the premier global provider of news release distribution and multimedia platforms that enable marketers, corporate communicators, sustainability officers, public affairs and investor relations officers to leverage content to engage with all their key audiences. Having pioneered the commercial news distribution industry since 1954, PR Newswire today provides end-to-end solutions to produce, optimize and target content – from rich media to online video to multimedia – and then distribute content and measure results across traditional, digital, mobile and social channels. Combining the world's largest multi-channel distribution and optimization network with comprehensive workflow tools and platforms, PR Newswire powers the stories of organizations around the world. PR Newswire serves tens of thousands of clients from offices in the Americas, Europe, Middle East, Africa and the Asia-Pacific region, and is a Cision company.