Lotte Home Shopping (CEO Yi Wan Shin) will invest directly in start-up based on artificial intelligence (AI) on May 5 to prepare for the next generation distribution environment
On the 5th, Lotte Home Shopping said that it invested in the start-up "Skelter Labs" based on deep learning technology to speed up the shopping competition such as 'artificial intelligence' which is emerging as the buzzword of the 4th Industrial Revolution era
'Skelter Labs' was founded by artificial intelligence experts such as Google and KAIST AI Lab, with CEO Cho Won-gyu, who served as the CEO of Google Korea R & D in July 2015. Utilizing mechanical intelligence, we are developing artificial intelligence technology for each living area. Especially, it is possible to apply Conversational AI technology which can be used for chatbot by applying machine learning, Speech & Image Recognition technology that utilizes deep learning, And Context Recognition that perceives the context.
Lotte Home Shopping has invested 10 billion KRW in 14 start-up businesses since 2016, while Skelter Labs has the best AI-related human resources in Korea, And it was selected as the first target of direct investment. It will introduce an advanced system combining new IT technology and shopping such as artificial intelligence (AI).
They also had the opportunity to share their views on the environment of the 4th industry and future distribution.
Lee Wan Shin, CEO of Lotte Home Shopping, said, "Artificial Intelligence (AI) is the leader of leading technology and next-generation technology revolution that attracts attention all over the world." In order to adapt to changing distribution environment, We are aiming for internalization and we hope that it will be a chance to generalize services based on artificial intelligence by securing technical capability through collaboration with 'Skelter Labs'. "
Lotte Home Shopping will introduce intelligent chatbots through this investment. It is not a sequential response system based on defined response rules, but rather understands and realizes the context and history more in conversation with customers. We will also introduce voice search and customized recommendation services, and will expand to customer-oriented services that will add value to customers' lifestyle.
Lotte Home Shopping, on the other hand, is planning start-up investment in a variety of fields such as AI, AR, VR, home entertainment, and content. We are going to jump to media commerce.
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