Entertainment
SM Entertainment founder Lee Soo-man invests $5.2 million in AI startup Mindlogic
SM Entertainment founder Lee Soo-man invested 7 billion won ($5.23 million) in Korean AI startup Mindlogic in its Series B funding round, continuing his trend of investing heavily. aggressively into future technologies such as biotechnology and drones. since his ousterof his own company last year.
In total, the amount of investment accumulated by Mindlogics amounts to 12 billion won. Other venture capitalists such as DSC Investment, Strong Ventures, Tekton Ventures and Partech Partners also participated in the financing.
Mindlogic is an AI startup offering Persona Chatbots service, allowing users to imbue specific knowledge and personality traits into the chatbot and interact with the AI using a particular persona.
A distinctive feature of the chatbot is that it has a long-term memory and can recall all past conversations it has had with the user, based on Mindlogics' in-house technology called Persona Engram. As the chatbot is able to remember past chats, it can infer users' mood or actions and initiate friendly conversations.
The chatbot also has intellectual property (IP) protection technology regarding a user's private information or IP. If related information appears in the conversation, the AI can segment that part from others to keep it on a separate server, ensuring that it is not used for machine training. Voice chats with the Persona Chatbot are also possible.
Mindlogic is expanding its chatbot service to the business-to-business (B2B) sector this year. In the e-commerce space, the chatbot can recommend products, send promotional messages and provide purchasing instructions and delivery advice. In sales, the chatbot will offer product information to potential customers, while on the web, it will offer instant advice regarding a website.
BY LEE JAE-LIM [[email protected]]
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