Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz 
Texas App Store Age Verification Law Blocked by Federal Judge in First Amendment Ruling 
TSMC Honors Japanese Chip Equipment Makers With 2025 Supplier Awards 
Japan Revises Economic Growth Forecast as Stimulus Fuels Consumption and Investment 
Tokyo Core Inflation Stays Above BOJ Target, Strengthening Case for Further Rate Hikes 
Mexico Antitrust Review of Viva Aerobus–Volaris Deal Signals Growth for Airline Sector 
Italy Fines Apple €98.6 Million Over App Store Dominance 
U.S. Stock Futures Edge Higher as Holiday-Thinned Trading Persists 
UBS Warns of Short-Term Risks as Precious Metals Rally to Record Highs 
Republicans Raise National Security Concerns Over Intel’s Testing of China-Linked Chipmaking Tools 
Boeing Wins $2.04B U.S. Air Force Contract for B-52 Engine Replacement Program 
Platinum Surges to Record High as Supply Crunch and Policy Shift Drive Historic Rally 
Russian Stocks End Lower as Energy and Mining Shares Weigh on MOEX Index 
ByteDance Plans Massive AI Investment in 2026 to Close Gap With U.S. Tech Giants 
TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement 
RBA Signals Possible Interest Rate Hike in 2026 as Inflation Pressures Persist 
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
