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AI Startup Twelve Labs Unveils Video Language AI Foundation Model Pegasus-1

SEOUL, Nov. 9 (Korea Bizwire) — Twelve Labs, South Korea’s generative artificial intelligence (AI) startup, unveiled its video language foundation model Thursday in a bid to take the lead in the hyperscale large language model market. The model, named Pegasus-1, can accurately summarize long videos into a text and have a chat about the video [...]

AI Startup Twelve Labs Attracts US$10 Mln from Nvidia, Intel, Others

SEOUL, Oct. 27 (Korea Bizwire) — Twelve Labs, South Korea’s generative artificial intelligence (AI) startup, has attracted a combined US$10 million from U.S. chip design company Nvidia Corp., U.S. chipmaker Intel Corp. and two others, according to the company Friday. Nvidia has made its first direct investment in a Korean AI startup, Twelve Labs said [...]