Eastsoft (CEO Jeong Sang-won), a synthetic intelligence (AI) service specialist, announced that it is going to launch a brand new AI video creation service inside this month.
Eastsoft announced its third quarter performance on the eleventh and revealed its recent service plan. The reason is, “It can be an expansion of the present service function.”
Specific details weren’t disclosed. Nevertheless, the brand new video service just isn’t a separate video creation AI like OpenAI’s ‘Sora’ or Runway’s ‘Zen3 Alpha’, but is often known as a video production service using Eastsoft’s flagship digital human.
Additionally it is expected to utilize EastSoft’s technology by fine-tuning the present open source model.
The present global trend on this field is to make use of digital humans to provide lecture and conference videos or videos for e-commerce. Domestic and foreign digital human firms reminiscent of Cindysia and Deep Brain AI, in addition to TikTok, have entered this field.
Through this, the digital human business might be expanded in earnest. Expansion of the subscription business through this can also be considered a goal.
East Post said, “Details can be released later.”
Meanwhile, in keeping with the provisional disclosure announced on this present day, sales within the third quarter were KRW 24.9 billion, a rise of 11.54% in comparison with the identical period last 12 months, and operating loss was KRW 3.3 billion.
The interpretation is that the expansion of AI software businesses reminiscent of AI human service PERSO.ai, public-based AI education business, and Rtools with added AI functions, in addition to subsidiaries Rounds, Exponential Asset Management, and East Games, led to the rise in sales within the third quarter. .
Although losses continued as a result of continued investment in globalization of the AI business and sluggishness within the portal business, it is anticipated that performance will improve based on full-scale sales through the launch of recent AI services starting next 12 months.
Meanwhile, detailed information regarding EastSoft’s provisional performance within the third quarter might be found at Financial Supervisory Service Electronic Disclosure SystemYou’ll be able to check it here.
Reporter Park Soo-bin sbin08@aitimes.com
