Luminoso is a global company in the artificial intelligence-based Big Data analysis market. WISEnut will collaborate with Luminoso regarding the technological combination and sharing of analysis systems for artificial intelligence-based unstructured Big Data and with the distribution in the global market. Luminoso signed an MOU with WISEnut via the economic mission of South Korean government at the Reagan Center in Washington D.C. in 2015.
WISEnut(www.wisenut.com) led by CEO Scott Yong-Seng Kang is the No.1 player in Big Data analysis and search. It announced an MOU agreement with Luminoso(CEO, Catherine Havasi), one of the global player in artificial intelligence-based Big Data analysis market, at the Reagan Center in Washington D.C. as a member of the economic mission that accompanied President Park Geun-hye during her American visit(October 13th~16th, 2015).
Under the agreement terms, it will pioneer the technological fusion of artificial intelligence-based unstructured Big Data analysis systems and their distribution in global markets.
The agreement on those areas between the two companies took place at the “MOU Signing Ceremony” hosted by Ministry of Trade, Industry and Energy and supervised by Korea Trade Investment Promotion Agency to expand cooperation between South Korea and the U.S.A. in the field of high technology. It is attracting attention as a model case of promoting cooperation and synergy in artificial intelligence technologies and Big Data analysis technologies between South Korean and American companies. Trying to accelerate artificial intelligence-based unstructured Big Data analysis business domestically and internationally, communicated with Luminoso for three months to discuss the export of WISEnut’s language processing technology(for Korean),
the technological fusion of artificial intelligence-based unstructured Big Data analysis systems, and their distribution in global markets.
Luminoso, a global provider of Big Data analysis for nine languages based on artificial intelligence, especially attracts attention by choosing a South Korean provider of artificial intelligence-based language processing technology and technological fusion in order to expand distribution in global markets as well as in the American States market. “Luminoso is a global partner in the Big Data analysis market with artificial intelligence analysis systems based on multiple language processing technologies including English, French, and German and multinational clients,”
Scott Yong-seng Kang, the CEO of WISEnut, said “The alliance between WISEnut and Luminoso is the first case of a Korean company exporting its artificial intelligence-based language processing technology to a global leading player We are looking forward to establishing a bridgehead to enter global markets including the American one as well as accelerating artificial intelligence-based Big Data analysis business in South Korea.” WISEnut is planning to launch the first artificial intelligence-based Big Data analysis service for 12 languages in the early first quarter of 2016.