The stock price of South Korean big data analytics AI company S2W has surged following news that it will join a global cybersecurity initiative led by OpenAI.
As of 1:37 PM on September 11, S2W shares were trading at 13,680 won, up 1,930 won (16.43%) from the previous trading day. At one point during the session, the stock rose to 14,450 won, marking an increase of over 22%, although it later retraced some of those gains. This follows an 11.90% rise in the previous trading session.
Earlier, S2W announced that it would join the partner ecosystem of 'Daybreak,' a global cybersecurity initiative led by OpenAI. The anticipation surrounding the expanded collaboration with OpenAI is believed to be reflected in the stock's performance.
The 'Daybreak Defense Network' aims to help businesses and organizations proactively identify, validate, and remediate vulnerabilities using OpenAI's frontier models and security technologies.
S2W specializes in developing security-focused language models and AI-based security platforms, accumulating expertise and business experience in AI vulnerability assessment and penetration testing.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.