On the 29th in the afternoon, Nota AI shares are up more than 6%. The gain came after word that Nota AI signed a contract with Samsung Electronics to develop and supply artificial intelligence (AI) software.

The KOSDAQ Market Division of Korea Exchange (KRX) holds a KOSDAQ listing ceremony for Nota AI at the Seoul headquarters promotion hall on the 3rd morning. /Courtesy of Korea Exchange (KRX)

As of 2:28 p.m. that day, Nota AI, a corporations specializing in AI model lightening and optimization technology, is trading on the KOSDAQ market at 44,200 won, up 2,700 won (6.51%) from the previous trading day.

Nota AI's share price also climbed more than 12% on the previous trading day, the 26th, rising into the 40,000-won range.

Nota AI said in a filing that it signed a contract with Samsung Electronics on the 26th to develop and supply AI software. The contract period is one year, from Jan. 1 to Dec. 31 next year.

The contract amount will be disclosed after the end of the deferment period at the client's request. The deferment deadline is Dec. 31 next year.

※ This article has been translated by AI. Share your feedback here.