The author is an analyist for NH Investment & Securities. He can be reached at jack.baek@nhqv.com -- Ed.
MaumAI is a provider of AI platform services to companies looking to implement AI. Moving ahead, we anticipate a rise in RAG chatbot orders, strengthening earnings at the new WoRV autonomous driving business, and increased kiosk business revenue.
Following Maum Orchestra, RAG chatbot and WoRV businesses to perform well
This year, MaumAI achieved meaningful results through its delivery of a retrieval-augmented generation (RAG) GPT chatbot service to Company P in a cloud-based format. Backed by this successful track record, the firm is aiming to further expand its RAG chatbot business in 2024. For reference, the RAG chatbot is a retrieval-based engine which allows for selection between Maum GPT and ChatGPT.
MaumAI launched its Maum Orchestra platform at end-2022. Composed of various modules divided up by function, the service is also integrated with ChatGPT. MaumAI’s goal is to grow the integrated AI platform service, which can utilize third-party AI engines, from the current 735 subscribers to 3,500 by end-2024.
In addition, the firm is preparing for its new world model for robotics and vehicle control (WoRV) business, which involves multi-modal learning from text, images, and video. We expect the project to benefit from the utilization of MaumAI’s already-built natural language AI. After showcasing the new technology at CES 2024, the company plans to supply its AI solution to mobile charging robots at parking lots.
To approach BEP on expansion of AICC business and addition of new kiosk business next year
At the existing main AI contact center (AICC) business, the firm has successfully secured a y-y rebound in revenue. In 2024, we foresee several large-scale projects for the military, as well as orders from public institutions that are obligated to install barrier-free kiosks. We forecast 2024 sales of W15.1bn (+44.3% y-y), with operating income to approach BEP.