Seoul, Feb. 27, 2024 – Upstage signed a Memorandum of Understanding (MOU) with KT, kt cloud, and K Bank to collaborate on leveraging large language models (LLMs) in the financial sector.

This partnership aims to establish a customized LLM environment tailored for the financial sector. This paves the way for the secure deployment of cutting-edge generative AI solutions, addressing security concerns and the “AI hallucinations”, generation of false or misleading information by LLMs.

Under the MOU, Upstage will spearhead the technical department, utilizing its industry-leading LLM, "Solar," and fine-tuning it with specialized financial data. KT and kt cloud will provide the GPUs and computing infrastructure to train the model. K Bank will contribute by identifying potential applications for AI integration within its various offerings and evaluating the effectiveness of the LLM implementation.

Sung Kim, CEO of Upstage, said, “We are thrilled to partner with KT, kt cloud, and K Bank to spearhead LLM innovation in the financial sector. We are confident that our world-class technology will empower various industries, starting with finance, to strengthen their AI competitiveness."