2024.06.29. The Fair Economy — With the spread of generative AI triggered by ChatGPT and other tools, humanity is closer to AI than ever before. People now enjoy more convenient lives through conversations with AI, not just at work but at home as well. Venture companies, too, are striving to use AI to raise management efficiency and strengthen market competitiveness. At a recent event exploring venture innovation through AI, industry, academia and research institutes discussed ways to cut costs and boost revenue using AI.
The Korean Academy of Venture Innovation (KAVI) held its '2024 Spring Academic Conference' from 2 p.m. on the 28th at the Diamond Hall on the third floor and the Garnet Hall on the second floor of the FKI Tower Conference Center in Yeongdeungpo-gu, Seoul.
Held under the theme "Creating New Business Value in the Era of Generative AI," the event drew about 200 in-person attendees, including KAVI members, startup founders and venture innovation experts, and was also livestreamed on YouTube.
Kong Bong-seok, standing vice chairman of the Korea PMO Association, said in his opening remarks, "I hope KAVI will take the lead in cooperating with industry, academia and research institutes in this fast-changing era to find ways to promote the growth of small and medium-sized venture companies, support the linking of new knowledge and the cultivation of talented people, and help build an industrial ecosystem and growth engine that make it easier for companies to do business."
Lee Sang-yeol, chairman of KAVI, said in his welcoming remarks, "This spring academic conference focused on AI among big-tech technologies. Rather than centering purely on academic presentations, seeking answers together through presentations and discussions involving both industry and academia is a strength and a tradition unique to KAVI's conferences. I hope this event becomes an opportunity to share outstanding academic work, grasp the latest trends, and foster exchange among members."
At the event, Heo Seong-uk, president of the National IT Industry Promotion Agency (NIPA), delivered a keynote speech titled "The Future of New Business That Generative AI Will Open."
He said, "AI is being used not only in industrial settings but also in citizens' everyday lives, marking the arrival of an era in which AI has become part of daily routine. Major countries around the world, including the United States, China, Europe and Japan, are drawing up policies to promote AI and sparing no support from either the public or private sector. South Korea, too, is competitive as one of just six countries with its own AI model, but domestic private investment in AI stands at $5.6 billion, ranking ninth in the world. Considering that U.S. investment is 44 times that of South Korea, the gap our country must close to become a top-tier AI nation is considerable."
Heo Seong-uk introduced NIPA's projects to support the growth of South Korea's AI industry. He said, "NIPA is supporting innovation and development in the domestic AI industry through sector-specific projects, including the hyperscale AI flagship project, AI semiconductors and on-device AI, AI vouchers and high-performance computing resource support, digital health, and global expansion," adding that NIPA would actively help domestic companies with AI research, development and commercialization.
Next, Kwon Yeong-cheol, editor-in-chief of Economic Daily, gave a lecture titled "Deep Smart and Pioneering New Markets." Kwon proposed a blue ocean strategy and the understanding and use of ChatGPT as ways to navigate the rapidly changing era.
KAVI also showcased outstanding innovation cases from venture companies at the event.
Forblegate presented on "Leaping Into the Web 3.0 Era: Strengthening National Competitiveness With Generative AI and Blockchain"; Hecaton AI presented on "Opportunities and Challenges for Generative AI and Small and Medium-Sized Enterprises"; and Tiger Company presented on "What Becomes Possible When AI Meets a Work Platform?"
In addition, five outstanding papers and two award-winning papers were presented, sharing domestic and international trends in venture innovation.
KAVI is an incorporated association registered with the Ministry of SMEs and Startups, established in 2018. Its members are industry and academic experts in venture innovation, and the academy proposes efficient management approaches for venture innovation companies through academic research and practical convergence activities. It is also recognized as a leading interdisciplinary academic society in the field, contributing to the shaping of venture innovation policy and industry development.
0 Comments
No comments yet.