AI startup Upstage seeks global expansion with AI models for improving work productivity

Korean startup Upstage said Wednesday it has plans to enter the global market with high-performance artificial intelligence (AI) models designed to enhance productivity in everyday business operations. "Based on our AI technologies for improving business productivity, we will expand our global strategy to help each country in Asia and around the world create sovereign AI models," Sung Kim, co-founder and chief executive officer (CEO) of Upstage, said in a press conference. Kim highlighted two key AI solutions — Document Parse (DP) and Solar — for the company's productivity-focused vision. DP is Upstage's flagship no-code program based on optical character recognition (OCR) technology that converts scanned documents into editable and sharable text files. He said DP ranked first in accuracy and speed compared to AI-powered OCR tools from Amazon Web Services (AWS), Google, Microsoft and others. Korea's leading financial institutions, including Samsung Card, Hanwha Life Insurance and KB Kookmin Bank, are among its clients, he added. Solar, a large language model (LLM), helps users generate