KT, formerly known as Korea Telecom, has announced its intention to invest $5.3 billion in research and development of AI services over the next five years.
South Korean mobile giant KT Corporation (formerly Korea Telecom) has announced its intention to invest $5.3 billion (7 trillion won) in research and development of AI services, positioning it as an industry pioneer amid rapid growth in the AI sector. claimed a position. Five years after that.
By 2025, KT aims to generate more than KRW 1 trillion ($764 million) in annual sales for its AI business.
At a press conference held at Novotel Ambassador Dongdaemun in Jung-gu this week, KT unveiled plans for an AI contact center and logistics business, AI-driven robotics, care, education, and customer-customized AI services. ,Seoul.
According to the official report, Song Jae-ho, vice president of KT AI/DX convergence business, said, “KT is Korea’s leading AI company, and we will leverage our experience to position ourselves as a customer-centric AI service provider. We will provide the capabilities, infrastructure and know-how for the AI business.”
This vision calls for “super-giant AI technology” and the creation of entirely new AI companies, as well as significant infrastructure improvements. In order to increase the competitiveness of KT’s AI business, the company plans to strengthen its infrastructure and AI technology.
KT is not acting alone in the race to dominate the AI space. Considering it is projected to be worth as much as $15.7 trillion by 2030, it is no surprise that the sector is attracting investment from some of the largest companies in the global business landscape.
Advances in AI technology are being driven by tech giants such as Adobe, Zoom, Microsoft, and Amazon.
KT is moving from a hardware-centric strategy to a service-centric strategy in the robotics sector. KT aims to expand the market as an “AI robot service provider” with its strengths in its unique “delivery system” and “robot platform”.
KT plans to add agricultural delivery robots, small logistics robots for factories and distribution centers, and outdoor delivery robot services to its AI robot offerings.
KT plans to use AI technology in the healthcare field to introduce telemedicine services to regularly manage chronic diseases. The service incorporates cutting-edge “AI food tag” technology, which makes it possible to easily record dietary habits and analyze nutritional components with a single photo.
In addition, the company is expanding its AI care service to TV and is preparing to roll out a “Genie TV Care” service to help vulnerable people, such as seniors living alone.
Additionally, KT plans to expand globally. To launch an AI transportation platform, the company will work with Singapore’s leading telecommunications provider, Singtel.
Singapore’s position as a distribution center in East Asia should be cemented by this cooperative effort. Additionally, KT hopes to commercialize AI care services in Vietnam focused on people with cancer and other chronic diseases.
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