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Naver founder Lee Hae-
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Naver founder Lee Hae-jin speaks during a Naver Ventures networking event held in Silicon Valley, California, on June 5. [NAVER] Naver is stepping up its push into global artificial intelligence (AI) with the launch of a U.S.-based investment arm and its first investment in TwelveLabs, a video AI startup based in Silicon Valley. The announcement came as Naver founder and board chairman Lee Hae-jin visited the United States for his first overseas engagement since returning to management in March. “AI is not something we can do alone. Naver will invest with everything it has — to survive and move forward,” he said. What happened? Naver held a networking event on Thursday at the Four Seasons Hotel in Silicon Valley, announcing video AI startup TwelveLabs as the first investment target of its new venture capital arm, Naver Ventures. Founded in 2021, TwelveLabs develops multimodal AI capable of understanding and searching video content. The company has gained recognition as one of the top 100 AI companies in the world for four consecutive years by global market intelligence firm CB Insights. At the event, Lee Naver founder Lee Hae-jin speaks during a Naver Ventures networking event held in Silicon Valley, California, on June 5. [NAVER] Naver is stepping up its push into global artificial intelligence (AI) with the launch of a U.S.-based investment arm and its first investment in TwelveLabs, a video AI startup based in Silicon Valley. The announcement came as Naver founder and board chairman Lee Hae-jin visited the United States for his first overseas engagement since returning to management in March. “AI is not something we can do alone. Naver will invest with everything it has — to survive and move forward,” he said. What happened? Naver held a networking event on Thursday at the Four Seasons Hotel in Silicon Valley, announcing video AI startup TwelveLabs as the first investment target of its new venture capital arm, Naver Ventures. Founded in 2021, TwelveLabs develops multimodal AI capable of understanding and searching video content. The company has gained recognition
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