While D2SF has made small inroads into US AI startups, Naver Ventures will act as a more aggressive and autonomous vehicle, focusing exclusively on the highly competitive US market, sources said.“The world’s AI investment capital is increasingly consolidating in Silicon Valley,” said a Seoul-based venture capital executive familiar with the launch of Naver Ventures.“Naver seems to be determined to move beyond its incremental approach and fully commit to AI investments on a global scale.”Having developed its large language model, HyperCLOVA X, Naver has struggled to match the capabilities and scale of bigger rivals such as OpenAI, the US developer of ChatGPT, and China’s DeepSeek.
D2SF’S INVESTMENTS IN US STARTUPSWhile Naver, through D2SF, made a handful of investments in US startups – including Rembrand, an ad tech startup focused on AI-powered video advertising, Claythis, a generative AI-based 3D content creator, and YesPlz, a fashion-focused multimodal AI developer – the group’s AI investments to date have been modest compared to global peers.
According to invitations circulated before its upcoming event in Silicon Valley, Naver has framed the launch of Naver Ventures as an “expanded venture investment initiative” with a mandate to seek “global opportunities that provide strategic and technological value” to the company.
The story "S.Korea’s Naver to launch Silicon Valley venture arm in aggressive AI push" has 639 words across 23 sentences, which will take approximately 3 - 6 minutes for the average person to read.
Which news outlet covered this story?
The story "S.Korea’s Naver to launch Silicon Valley venture arm in aggressive AI push" was covered 11 hours ago by Korea Economic Daily, a news publisher based in South Korea.
How trustworthy is 'Korea Economic Daily' news outlet?
Korea Economic Daily is a fully independent (privately-owned) news outlet established in 1964 that covers mostly economy news.
The outlet is headquartered in South Korea and publishes an average of 7 news stories per day.
It's most recent story was published 14 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Positive, indicating that people regard this as "good news".
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
