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AI & Enterprise

Nota, LG CNS sign MOU to commercialise AI-based intelligent transport systems

Nota said on Monday it signed an agreement with LG CNS to commercialise AI-based real-time intelligent transport systems technology. The companies plan to combine LG CNS\'s global smart city and ITS capabilities with Nota\'s AI model lightweighting and optimisation technology to expand joint business opportunities in overseas transport infrastructure markets. Cooperation will cover joint marketing, field verification, development, business development and system deployment. They plan to seek project opportunities with a focus on the Americas.

AI & Enterprise

Nota upgrades video monitoring solution based on Nvidia VSS

AI model lightweighting and optimisation company Nota said on Sunday it has upgraded its video monitoring solution, Nota Vision Agent, using Nvidia’s Video Search and Summarization framework. The company said the VLM-based product helps operators understand video scenes and search, summarise and report information in natural language. Nota said it deployed the system for a traffic control platform and applied it at a manufacturing site for industrial safety monitoring.

AI & Enterprise

Nota posts Q1 operating loss of 4.19 billion won, narrows 4.1 percent on year

Nota, an artificial intelligence lightweighting and optimization technology company, said on May 18 it posted first-quarter consolidated revenue of 3.58 billion won and an operating loss of 4.19 billion won. Revenue rose 5,240 percent from a year earlier and the operating loss narrowed 4.1 percent. Solution revenue accounted for 76 percent of sales. The company said its order backlog rose to 12.1 billion won, led by its platform business.