Kakao Establishes New AI Company Based on KakaoTalk
Prefer us on GoogleKakao is establishing a new company dedicated to artificial intelligence (AI) by separating its KakaoTalk-based platform business. The existing company will focus on managing its affiliate businesses in tech-finance, content, and mobility, while the KakaoTalk platform division will be spun off as Kakao AI (tentative name). The newly established company will concentrate its capabilities on core business areas such as AI, advertising, and commerce. A Kakao representative stated that the new company will lead the AI service market by integrating AI technology. The existing company will take on group operations and investment management functions, nurturing and managing affiliates while focusing on optimizing the business portfolio. Through a simple and human division method, existing shareholders will receive shares of the new company at a certain ratio. Kakao has been reorganizing to link KakaoTalk and AI as core businesses, and in June of this year, it launched a ChatGPT chatbot feature in KakaoTalk chat rooms. This decision to spin off is interpreted as a measure to clearly distinguish the integration of KakaoTalk and AI at the organizational level. Kakao is emphasizing its AI strategy on lifestyle services, and specific financial structures and execution schedules will be confirmed through subsequent announcements.
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