Nvidia is set to invest in Upstage and Motif Technologies, both of which are participating in the Ministry of Science and ICT's 'AI Foundation Model' project. Upstage plans to use the investment to enhance its AI model and expand into international markets, while Motif aims to unveil its next-generation model in the first quarter of next year.
According to reports on November 9, Nvidia will participate in Upstage's second Series C funding round and Motif's bridge round. Upstage is currently preparing for the third evaluation of the AI Foundation Model, while Motif has developed 'Motif 3' through the project.
Once this investment is finalized, Upstage will secure Nvidia as an investor, joining Amazon and AMD. Earlier this April, Upstage completed its first Series C funding round, raising 180 billion won and achieving a valuation of over 1 trillion won, making it the first generative AI company in South Korea to reach unicorn status.
Upstage plans to utilize the investment for enhancing its solar model, recruiting talent domestically and internationally, and expanding into the U.S. and Japanese markets.
Kim Sung-hoon, CEO of Upstage, expressed his excitement about welcoming Nvidia as an investor, stating, 'We will leverage this upcoming investment to enhance our AI model's competitiveness and grow into a leading company in the global market.'
Motif will begin developing 'Motif 4' based on this bridge round. The model is expected to be introduced in an open-weight format, revealing its model weights in the first quarter of next year. The subsequent model aims to improve practical performance by expanding post-learning techniques such as reinforcement learning.
Lim Jeong-hwan, CEO of Motif, stated, 'Through Motif 4, we will demonstrate our capability to create a global frontier model.'
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.