- Now, KT conducted a press conference in the Novotel Ambassador Dongdaemun.
- The entire market is likely to cost a mind-boggling $15.7 trillion by 2030.
South Korean telecom giant KT, formerly referred to as Korea Telecom, has announced its intention to invest $5.3 billion (7 trillion won) in AI service development and research spanning within the next 5 years. Thus, solidifying its position like a forerunner in the region among the AI industry’s fast expansion.
KT intends to guarantee future growth engines and boost its AI competitiveness. By growing yearly revenues from AI companies to greater than 1 trillion won ($764 million) by 2025.
Now, KT conducted a press conference in the Novotel Ambassador Dongdaemun in Jung-gu, Seoul. To be able to discuss its plans for customer-tailored AI services. Including AI-driven robotics, care, and education, in addition to AI contact centers and logistics business.
Song Jae-ho, v . p . of KT’s AI/DX Convergence Business Division mentioned:
“KT is Korea’s leading AI company, and we’ll establish ourselves like a customer-centered AI company by making use of our experience, abilities, infrastructure, and knowhow towards the AI business.”
Lots Of Competition from Tech Giants
This plan of action requires massive enhancements to the infrastructure, along with the development of new “super-giant AI technology” and AI-based enterprises. KT’s AI business will take advantage of the company’s efforts to enhance its technological prowess and infrastructure in this region.
KT has competition in the quest for AI industry supremacy. Since whole market is likely to cost a mind-boggling $15.7 trillion by 2030, it’s not surprising it has attracted investments from probably the most well-known names in worldwide business. Major advancements in AI research are now being produced by such IT heavyweights as Amazon . com, Microsoft, and Google to mention a couple of.
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