[ Press release]Sandoll Ventures into the Generative AI Market Amid the ChatGPT Craze

8 Mar 2023
  • Sandoll Secures Generative Image AI Technology Capable of Search, Generation, and Editing of Images
  • Aiming for Commercialization of Services by the Second Quarter through Technological Advancements
  • Pursuing Technological Advancements for Content Creators, Evolving into a Comprehensive Creator Content Platform

     

March 6, 2023(Thursday)


 Amidst the global phenomenon of generative artificial intelligence (AI), including ChatGPT, Sandoll Corporation (CEO Young-ho Yun), a creator content platform company, has secured image generative AI technology.


Sandoll has announced on the 9th that it has signed a contract to acquire all image generative AI technology from CoXWave Co., Ltd. a specialized artificial intelligence company that searches, generates, and edits images.

Through its subsidiary Sandoll Metab Lab, Sandoll has obtained advanced image generative AI technology, enabling it to create a comprehensive creator content platform that can handle digital content production in addition to its font platform business.


The acquired image generative AI technology includes text-to-image AI technology that allows users to search for and generate desired images by entering text, image-to-image AI technology that searches and generates refined images based on input images, and image inpainting technology that can naturally remove and edit unnecessary parts of images.


Sandoll plans to introduce various services that can assist creators in content production using this technology. Particularly, with the recent expansion and increasing popularity of the content market, interest in this technology is expected to rise. Sandoll aims to apply the image generative AI technology to its platform, Sandoll Cloud, and launch the service by the second quarter of this year. Once implemented, users will be able to conveniently utilize both font and image search and generation services on the Sandoll Cloud platform, facilitating the creation of diverse digital content.


A Sandoll representative stated, "Through this acquisition, we have laid the groundwork for targeting not only the domestic but also the global content market as a comprehensive creator content platform." Sandoll will continue its investment activities to expand its presence in the content and IT sectors. Last April, it made a seed investment in Veluga, which provides AI automatic translation services specialized in webtoons and e-commerce content, and in 2020, it acquired a stake in Most Contents, a drama OST production company.