Naver Labs and Foursquare, the US-based search-and-discovery social networking service, will cooperate to develop a POI search engine, the companies announced.
The two will also work together to find new business models that use the developed engine. Naver Labs will use Foursquare's various search data to develop the engine, which will read consumer needs.
The US social networking firm services include Foursquare City Guide, a suggest and review guide for global cities, and Foursquare Swarm, which allows users to share their experiences of locations they visited. It also operates API, SDK, as well as advertisement solutions.
Naver Labs said it was researching human movements and environments that will create "great synergy" with Foursquare.
Naver, Naver Labs' parent company, runs its namesake search portal, the most popular in South Korea, and the navigation service Naver Map. It is also the owner of global chat app Line.
Last month, Naver Labs signed a cooperation agreement with mapping service Here to develop autonomous indoor mapping coverage that will use robots.
In December, the company opened the design for AIRCART, its robotic cart with augmented strength technology, for third-party developers.
Naver is also focusing on AI, and will cooperate with compatriot device maker LG Electronics on the latter's smart speaker.
PREVIOUS AND RELATED COVERAGE
<="" p="" rel="follow">
<="" p="" rel="follow"> <="" p="" rel="follow">
<="" p="" rel="follow">
<="" p="" rel="follow"> <="" p="" rel="follow">Microsoft, Xiaomi sign collaboration pact for AI, cloud computing services
Microsoft and Xiaomi are exploring how Xiaomi could potentially use more Microsoft AI and cloud services, including Bing, Cortana, cognitive services and more, in its product line in the future.
South Korean IoT sales grew 23 percent in 2017
Revenue of Internet of Things (IoT) companies in South Korea grew 23.4 percent to 7.16 trillion won ($6.6 billion) last year.
Xiaomi partners with Naver in AI for IoT devices
Naver's artificial intelligence platform Clova will be applied to Xiaomi's IoT devices.
LG, Naver team up for ThinQ Hub AI speaker
LG Electronics' ThinQ Hub speaker will be powered by Naver's Clova AI platform as the AI speaker race continues to heat up in South Korea.
Business users, beware: WhatsApp drops support for Blackberry, Windows Phone(TechRepublic)
People using older Blackberry and Windows phones will need to upgrade their OS or risk losing access to the messaging service.