Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
SpaceX Reports $8 Billion Profit as IPO Plans and Starlink Growth Fuel Valuation Buzz 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Elon Musk’s SpaceX Acquires xAI in Historic Deal Uniting Space and Artificial Intelligence 
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
Instagram Outage Disrupts Thousands of U.S. Users 
Sam Altman Reaffirms OpenAI’s Long-Term Commitment to NVIDIA Amid Chip Report 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
SpaceX Updates Starlink Privacy Policy to Allow AI Training as xAI Merger Talks and IPO Loom 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
SK Telecom unveils ambitious plans to triple AI investment, targeting $18.5 billion in sales by 2028. CEO Ryu Young-sang envisions a booming AI sector, revealing a strategy involving infrastructure expansion, AIX transformation, and enhanced AI services, underscoring AI's significant role in the company's future valuation and market position.
The recent revolution in hyperscale AI, triggered by OpenAI's ChatGPT service, has raised some doubts about the feasibility of AI. However, with the industry rapidly evolving, SK Telecom CEO Ryu Young-sang emphasized that the market for AI businesses is just beginning to flourish. He believes now is the time for a gold rush in the AI sector.
By prioritizing AI, SK Telecom aims to enhance its market valuation. The company has invested significantly in AI services, technology, and infrastructure over the past five years.
Currently, 12 percent of its capital is dedicated to AI, a figure that Ryu plans to increase to 33 percent by 2028. This increased investment will help SK Telecom achieve its sales target of 25 trillion won by 2028, positioning the company as a valuable player in the market.
Ryu shared the company's comprehensive AI business strategy, built around three key pillars: AI infrastructure, AIX transformation, and AI services. This "AI Pyramid" approach will enable SK Telecom to transform and align its businesses with AI.
In terms of AI infrastructure, SK Telecom plans to expand AI data centers, develop AI semiconductors, and leverage large language models (LLMs). The company is set to release its latest AI chip, X330, later this year, directly competing with industry giant Nvidia.
Additionally, SK Telecom introduced its own LLM called A.X and expressed its intent to collaborate with AI partners such as Anthropic, OpenAI, and Konan Technology.
Adopting an inclusive approach, Ryu emphasized that the AI Pyramid strategy aims to bring new value to existing businesses by integrating AI services into their operations. The goal is to evolve without abandoning current ventures but embracing them alongside AI advancements.
Photo: Steve Johnson/Unsplash
