Nvidia's Jensen Huang Forecasts $1 Trillion in AI Chip Demand Through 2027 
Amazon's "Transformer" Phone: Can It Succeed Where Fire Phone Failed? 
Japan's Parliament Backs Dovish BOJ Board Members, Raising Questions on Rate Hike Path 
Palantir's Maven AI Earns Pentagon "Program of Record" Status, Reshaping Military AI Strategy 
J.P. Morgan Now Expects Two ECB Rate Hikes Amid Inflation Pressures 
Hua Hong Group's 7nm Breakthrough Signals China's Growing Chip Independence 
China Holds Lending Rates Steady Amid Global Oil Price Surge and Middle East Tensions 
Apple Defies China's Smartphone Slump with Strong Early 2026 Sales 
Super Micro Computer Shares Plunge After Co-Founder Charged in AI Chip Smuggling Case 
OpenAI's Desktop Superapp: Unifying ChatGPT, Codex, and Browser Tools for Enterprise AI 
Alibaba Bets on AI Agents to Unify Its Vast Digital Ecosystem 
Cyberattack on Stryker Triggers U.S. Government Warning Over Microsoft Intune Security 
SK Hynix Chairman Warns of Memory Chip Shortage Through 2030 Amid AI Boom 
Micron Technology Beats Q2 Earnings Estimates, Issues Strong AI-Driven Outlook 
Zhipu AI Launches GLM-5-Turbo Model to Power Next-Gen AI Agent Workflows 
BOJ Holds Interest Rates Steady Amid Middle East Uncertainty 
United Airlines Cuts Flights 5% Amid Soaring Fuel Costs From Iran War 
SK Telecom announced a strategic shift, moving from traditional telecommunications to dominate the AI, cloud computing, and data center markets, after witnessing non-telecom sectors' surging growth in Q2.
SK Telecom said on Tuesday, Aug. 8, that it is expanding its business portfolio by branching out to other segments, and at this point, it is aiming for AI, cloud computing, and data centers. It is leaning on these sectors after seeing remarkable growth in Q2.
As per The Korea Times, the South Korean telecom giant is also boosting its authority in emerging industries like urban air mobility (UAM) and the Metaverse by working to increase the number of its service users and investing in Joby Aviation, a leading aircraft manufacturer.
One of its major diversification plans is to turn the company into an AI enterprise. SK Telecom's chief financial officer, Kim Jin Won, said they will do their best to become an AI company which they expect will help SK Telecom maximize its corporate value.
It was noted that the telecom already implemented its AI assistant service called the "A." (A dot) in June this year. It also launched Chat T, which uses Microsoft Azure's ChatGPT model to provide a service that supplies users with information in a conversational way. Experts with specialized knowledge of the queries are the ones who provide the data.
"Based on our solid performance, SK Telecom will continue to build on our cooperation and self-development to secure leadership in the global AI business and become an AI company," Kim said in a statement.
Meanwhile, The Korea Economic Daily reported that SK Telecom recently revealed that it has improved with its A Dot to provide better services. It enhanced the AI assistant by adding multiturn dialogue technology. Finally, the company said it will go all-out as it expands its businesses and increase its presence in non-telecom segments.
Photo by: SK Telecom Website
