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AI & Enterprise

Public AI market grows 11-fold in 10 years to nearly 3 trillion won a year

South Korea’s public-sector artificial intelligence market has expanded more than 11-fold over the past decade, reaching nearly 3 trillion won a year. A Software Policy and Research Institute study said AI-related service contract value rose from 244.3 billion won in 2015 to 2.82 trillion won in 2024, while the number of contracts climbed to 1,215. The share of AI in public ICT service contracts rose to 11.8 percent in 2024.

AI & Enterprise

ElevenLabs supplies voice AI solution to SpoonLabs audio platform

ElevenLabs, an AI audio R&D startup, said on Tuesday it supplied voice AI technology to global audio platform SpoonLabs, cutting audio novel production time from several months to a few hours. SpoonLabs redesigned production as it expanded into story-based audio content. After testing multiple TTS tools, it selected ElevenLabs for intonation and emotion rendering and its single-platform features. SpoonLabs launched PodNovel in three markets in January and plans to expand its lineup.

AI & Enterprise

ElevenLabs provides agent platform to senior care firm Caring

AI audio research and development startup ElevenLabs said on April 21 that senior care specialist Caring has adopted the ElevenLabs Agents Platform and is expanding its AI emotional care service. Caring operates a service that calls older people who are alone and provides regular conversations outside caregiver visit hours. After adopting the solution, Caring also plans to enter global markets. Caring ran pilot projects from November to January and reported full completion and participation rates.