CEO Hwang Kyu-jong, Developing Seohak Gaemi Bot_"In Korean within 8 seconds of the U.S. disclosure..." "It'll be Google
- bizskk
- Hit586
- 2021-12-13
Hwang Kyu-jong, CEO of Waiker, who met at the office in Gangnam-gu, Seoul on the 26th of last month, introduces articles written by AI reporter Seohak Gaemi bot.
He said, "We will narrow the gap between experts and ordinary investors in overseas stock information with Seohak Gaemi bots,"
"Professional bankers and analysts also take hours to organize U.S. stock market fluctuations, economics indicators, earnings, and dividends every morning. It's a necessary data, but in the area of the Fourth Industrial Revolution, I wondered if this was something that humans had to do". Hwang Kyu-jong (30), CEO of AI startup Waiker, who developed Seohak Gaemi bot in the Chosun Ilbo, said in an interview with our newspaper on the 26th, "I want to innovate labor-intensive securities industry with artificial intelligence". Seohak Gaemi bot summarizes it in Korean in eight seconds when the disclosure is made on the U.S. stock market and shows it on Chosun.com.
Seohak Gaemi bot, which started its service on the 9th of last month, is a kind of AI reporter who analyzes the disclosure of U.S. companies in real time that looks like a ciphertext filled with technical terms and numbers and writes articles in Korean. For example, when Elon Musk, the founder of Tesla, an electric vehicle company, announces that he has sold shares, data is extracted and transmitted to a Korean article. CEO Hwang said, "We pour out up to 400 articles on 611 stocks listed on the U.S. stock market overnight" adding, "Recently, we delivered the news that Musk sold a large number of stocks faster than major foreign media.
CEO Hwang is a new entrepreneur who started his first business last year. After graduating from the Department of Business Administration at Sungkyunkwan University in 2018, he started his career as a private banker at Samsung Securities. Even after work, he had to find, read, and organize reports on the internet overnight to discover companies or industries to invest in. Bloomberg's investment information terminal, which is located in each securities firm, also has tens of thousands of employees around the world entering information with their hands, he said. "We thought about whether there would be a way to overcome this inefficiency technically." Then, in January, he joined forces with people he knew while serving in the military and founded Waiker. CEO Hwang said, "I served in the military at the Armed Forces Command, and the company commander next to me was a Kakao developer, so I brought him to the CTO, and other executives met in the military.
CEO Hwnag said, "Seohak Gaemi bot is getting smarter". At the time of development, they only made a one-line message, such as 'who sold how much stock', but as if teaching a beginner reporter, they continued to learn AI to provide detailed information required by readers. Recently, it has been upgraded to display actual fluctuation rate figures, including 6% and 17% of articles on a sharp rise in stock prices, which had only been shown as a surge of more than 3% and below. Articles announcing the sale of shares by major shareholders were also required to accurately classify the positions of the top management (level C), and to specify separately if they are key shareholders who own more than 10% of their shares.
CEO Hwang said, "We will continue to add functions to help investors overcome language and knowledge barriers through Seohak Gaemi bot." adding, "We want to be Google and Bloomberg in the investment information industry in the future. CEO Hwang will also launch a trial service Waiker, an overseas investment information platform, at the end of the year. Wakier is equipped with a function to analyze market conditions and corporate information not only in the United States but also in 13 major developed countries.
Source : Chosun Ilbo(chosun.com)_In Korean within 8 seconds of the U.S. disclosure... "It'll be Google in the investment industry"