South Korean mobile giant KT, formerly known as Korea Telecom, is taking a big step to prove its leadership in the field of artificial intelligence. The company announced plans to invest $5.3 billion (7 trillion won) in research and development activities on artificial intelligence services.
South Korean mobile giant KT invest $5.3 billion in artificial intelligence over the next 5 years
This investment, which will be carried out over the next five years, aims to support KT’s research and development activities in the field of artificial intelligence on a large scale. South Korean mobile giant KT aims to take full advantage of the explosive growth in the artificial intelligence industry by maintaining its leading position in the industry.
KT is Korea‘s leading AI company, and we will establish ourselves as a customer-centered AI service provider by applying our experience, capabilities, infrastructure, and know-how to the AI business.
KT’s AI / Vice President Song Jae-Ho Said
KT is not alone in the race for leadership in the AI industry. According to recent reports, the industry is expected to reach a value of $15.7 trillion by 2030. This has caught the attention of leading players in the global business world and it is no surprise that they are directing their investments towards this area. Technology companies making progress in the field of artificial intelligence include Amazon and Microsoft, as well as Adobe and Zoom.
Solution for Everything with AI
For AI, a robot KT is adopting an approach focused on service rather than hardware in the field of robotics. KT’s vision is to lead the market expansion as an “AI robot service provider” with unique capabilities such as a “delivery system” and a “robot platform.”
KT aims to diversify its AI robot services with robots capable of delivering outdoors, in factories and on farms.
Activities They Plan to Do
In the field of AI health, KT plans to offer a telehealth service that monitors chronic diseases using artificial intelligence technology. The service will have advanced “AI Food Tag” technology that tracks dietary habits with a photo and analyzes nutritional values.
The company is preparing to launch its “Genie TV Care” service, which provides AI health services through television and supports those in need such as elderly people living alone.
KT will collaborate with a major telecom company like Singtel to introduce its AI transportation platform in Singapore. This partnership aims to strengthen Singapore’s role as a logistics hub in East Asia. In addition, KT plans to offer its AI health services in Vietnam for people with cancer and chronic diseases.
Leave a comment