Cybersecurity firm S2W is experiencing a strong performance in early trading following news of its participation in a government-led project to develop a specialized artificial intelligence (AI) foundation model.
As of 10:14 a.m. on September 14, S2W's shares had risen by 5.32% (790 won) to 15,640 won, with early trading seeing an increase of over 14% due to heightened buying interest.
The surge in stock price is attributed to the announcement that S2W will join the 'Specialized AI Foundation Model Development' project, overseen by the Ministry of Science and ICT and the National IT Industry Promotion Agency (NIPA). This initiative aims to create AI foundation models tailored to specific industries and sectors.
S2W plans to leverage its expertise in threat intelligence (TI) and security-focused AI technologies for this project. The company intends to analyze data related to cyber threats and integrate it into AI models to develop solutions specifically designed for the domestic security landscape.
S2W possesses threat intelligence capabilities that involve collecting and analyzing cyber threat data from sources such as the dark web and Telegram. The company provides cyber threat detection and analysis services to businesses and public institutions based on this technology.
* This article has been translated by AI.
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