Kakao to launch AI chat platform for B2C commerce in H2

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Kakao to launch AI chat platform for B2C commerce in H2 - Korea Economic Daily

Quick Summary:

South Korean mobile platform giant Kakao Corp.said on Thursday that it will accelerate its artificial intelligence push by launching a conversational AI platform, separate from the country’s dominant messaging app Kakao Talk, and streamline its businesses.

The announced plan was contrary to industry insiders’ expectations that Kakao will unveil a conversational AI platform via Kakao Talk as the messaging app boasted 48.9 million monthly active users (MAUs) as of the end of June, more than 95% of the South Korean population.

Chung said that as Kakao Talk and innovations through AI are the Kakao headquarters’ core value, the tech giant will define businesses not relevant to AI as non-core ones and accelerate streamlining of them in the second half.