Qraft Technologies, a prominent investment technology company specializing in artificial intelligence solutions, has officially established a strategic technology research collaboration with LG AI Research, a significant artificial intelligence research hub within the LG Group. This partnership has been solidified through the signing of a Memorandum of Understanding (MoU).
The primary objective of this collaboration between Qraft and LG AI Research is to synergize their distinct and cutting-edge methodologies for processing big data and harnessing artificial intelligence capabilities.
Marcus Kim, Qraft’s Founder and CEO, expressed his enthusiasm for the partnership by stating, “Forming this alliance with LG AI Research is a source of pride for Qraft. LG AI Research is a leading force in AI research, dedicated to enhancing our lives through the advancement of cutting-edge AI technologies. This mission strongly aligns with Qraft’s purpose: Revolutionizing investing through artificial intelligence. We firmly believe that by merging Qraft and LG AI Research’s advanced technologies, we can significantly impact the investment management sector and push the boundaries of its applications. This collaboration signifies our shared aspiration to deliver innovative AI solutions. We eagerly anticipate contributing to a future empowered by AI.”
Kyunghoon Bae, Chief of LG AI Research, emphasized, “LG has already demonstrated its proficiency in forecasting technologies, as seen in global company demand forecasts. These forecasting models hold potential as valuable instruments for corporate decision-making processes. The partnership with Qraft marks another significant step towards applying these capabilities across diverse domains, including the stock market.”
Qraft Technologies’ overarching goal is to equip investors with a competitive advantage through AI-fueled investment solutions. These solutions will leverage state-of-the-art artificial intelligence models developed in partnership with LG AI Research. LG AI Research excels in providing forecasting and optimization models rooted in data intelligence. Their repertoire also includes a substantial multimodal AI model called EXAONE, along with other advanced machine learning technologies.
A significant event is scheduled for August 24th, during which LG and Qraft will jointly host an event at the New York Stock Exchange. The purpose of this event is to unveil the specifics of their partnership and collaborative endeavors.
