Founded in 2017, Crowdworks has become a leading name in the provision of AI training data solutions. With a swift investment from Naver, Korea’s largest IT conglomerate, and a client list featuring a raft of big names across various industries, the company has experienced significant growth. Here, we delve into Crowdworks’ accomplishments, global outreach initiatives, and growth in revenue.
Crowdworks: Leading AI Training Data Solutions
Crowdworks swiftly made its mark in the tech industry with its innovative and ethical approach to AI training data solutions. Receiving its initial capital from Naver within three months of its foundation, the company hasn’t looked back. To date, Crowdworks has rendered tailored AI data solutions to over 430 clients like IBM, Uber, and Samsung, contributing to their AI model development. The company stands tall as the preferred partner to 70% of the top 30 companies in the KOSPI stock market.
Crowdwork’s Global Outreach and Achievements in 2023
The current year has seen Crowdworks deepen its global footprint by participating in prestigious international tech events like CES 2023 and VivaTech 2023. Moreover, the firm holds a spot as a Sample Vendor in the 2023 Gartner Hype Cycle for Data Science and Machine Learning, and the Hype Cycle for Artificial Intelligence, 2023. These achievements underscore Crowdworks’ determination to eclipse national barriers
Significant Revenue Growth Through AI Adoption
The first quarter of 2023 witnessed Crowdworks’ revenue skyrocket by a whopping 242% compared to the corresponding period in the preceding year, culminating in a quarterly profit. This astonishing financial upturn is attributed to a surge in corporate AI adoption spurred by the rise of ChatGPT and Generative AI. Many of these firms enlisted Crowdworks’ services to secure top-tier AI training data.
In conclusion, Crowdworks has emerged as a key player in the AI training data solutions arena, underpinned by its aggressive global outreaching strategies and exponential revenue growth. With its recent inclusion in KOSDAQ market listing, the company cements its position in the dynamic AI landscape. As per CEO Min-woo Park, this is just the beginning for Crowdworks.
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