[Click eStock] "AI Data Business CrowdWorks Growing in Step with OpenAI"

Hana Securities forecasted on the 18th that ‘CrowdWorks,’ an artificial intelligence (AI) data business, will mark a year of significant improvement in sales and profitability.

Researcher Jo Jeong-hyun of Hana Securities commented on CrowdWorks’ performance last year, stating, "With the increase in AI data demand driven by orders for large language model (LLM) development, the company’s scale is rapidly growing," and added, "The growth of the AI education platform is also acting as a driving force for performance improvement."

CrowdWorks announced that it recorded sales of 24 billion KRW last year, representing a 101.6% increase compared to the previous year. Thanks to the sales growth, the operating loss also significantly decreased. The operating loss last year was 1.5 billion KRW, reduced to one-quarter of the previous year’s 6.3 billion KRW.

Researcher Jo predicted, "With the emergence of multimodal AI such as OpenAI’s ‘DALL·E3’ and ‘SORA,’ the demand for data necessary for AI training will surge," and added, "Demand will fully materialize not only for high-quality text but also for image, voice, and video data." DALL·E3 and SORA are OpenAI services that convert text into images and videos, respectively.

He further stated, "CrowdWorks’ performance will grow this year as demand for multimodal AI data including text, images, videos, and voice increases, and sales from the new customized LLM service become visible," and predicted, "Companies like CrowdWorks, which possess essential data processing platforms and technological capabilities for generative AI training, will experience structural growth."

He added, "CrowdWorks is a cloud partner of Naver Cloud and Microsoft," and forecasted, "Starting next year, its expansion into cloud services will accelerate its scale growth even further."

This content was produced with the assistance of AI translation services.