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Naver to help build on-premises GenAI platform for Bank of Korea

( March 28, 2025, 01:08 GMT | Official Statement) -- MLex Summary: South Korea’s central bank will be able to use generative artificial intelligence applications developed using its massive data on financial and economic subjects within its own network starting later this year, Naver Cloud said while announcing a contract between the two. Under the contract, employees at the Bank of Korea will be able to use various generative AI applications from October that Naver will help develop and deploy for on-premises use, according to Naver. This marks major progress in Naver’s "sovereign AI" business strategy of satisfying the multifaceted demands of important national organizations such as the central bank in adopting AI technology to their core operations without worrying about security or language problems. The statement, in Korean, is attached....

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