SK Telecom has committed $3.6B to AI over the next five years

In sum – what to know:

Independent AI CIC launched – SK Telecom creates a new in-house company unit to consolidate AI assets and streamline its transformation strategy.

KRW 5T investment pledged – The company will spend over five years to reach targeted AI revenues of at least KRW5 trillion by 2030.

Korean operator SK Telecom has launched an independent company-in-company (CIC) unit dedicated to artificial intelligence, consolidating its AI assets under a single structure to accelerate innovation and execution, the Korean press reported.

The company’s CEO Yoo Young-sang announced the initiative during a company-wide meeting on September 25, describing the AI CIC as an agile hub designed to fast-track both consumer-facing

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