South Korea-based telecommunications company KT Corporation plans to invest $5.3 billion in artificial intelligence startups by 2027.
The development of the crypto industry day by day has brought many new technologies to the fore. Metaverse and Web3 are among the remarkable technologies. However, perhaps the most striking technology of recent times has been artificial intelligence. Artificial intelligence is growing in popularity globally.
KT Corporation, a South Korean-based mobile operator and telecommunications company, is also aware of artificial intelligence. KT Corporation stated that it will invest $5.3 billion in artificial intelligence initiatives.
$5.3 Billion from South Korean Company to Artificial Intelligence
South Korea-based telecommunications company KT Corporation has announced its artificial intelligence initiatives and goals. The company said it plans to generate $773 million in revenue from AI services by 2025.
KT Corporation, which has set its goals in artificial intelligence, stated that it will invest $ 5.3 billion in artificial intelligence until 2027 as part of its plans to achieve the goal. In addition, the company announced that it has earned more than $ 600 million in revenue from artificial intelligence services to date.
KT Corporation, formerly known as Korea Telecom, has also participated in the day-to-day development of the artificial intelligence industry. KT Corporation has announced its plans for artificial intelligence initiatives.
The company focused on artificial intelligence robots and artificial intelligence-oriented logistics. In addition, the company plans to create artificial intelligence communication centers, especially in maintenance and training.
Song Jae-ho, vice president of KT Corporation, announced that they will become a customer-centric AI service provider by directing the company’s infrastructure and capabilities to AI.
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