Elon Musk’s SpaceX Explores Merger Options With Tesla or xAI, Reports Say 
American Airlines Plans Return to Venezuela Flights After U.S. Lifts Ban 
Apple Forecasts Strong Revenue Growth as iPhone Demand Surges in China and India 
Canada’s Trade Deficit Jumps in November as Exports Slide and Firms Diversify Away From U.S. 
U.S. Eases Venezuela Oil Sanctions to Boost American Investment After Maduro Ouster 
Indonesian Stocks Plunge as MSCI Downgrade Risk Sparks Investor Exodus 
The Maire - EuroChem Case: Three Lessons for Global Business 
Advantest Shares Hit Record High on Strong AI-Driven Earnings and Nvidia Demand 
Rewardy Wallet Integrates 1inch Swap API to Enable Gasless, Optimized Token Swaps 
Wall Street Slips as Tech Stocks Slide on AI Spending Fears and Earnings Concerns 
Microsoft Wins Approval to Build 15 New Data Centers in Wisconsin 
Google Halts UK YouTube TV Measurement Service After Legal Action 
Asian Stocks Waver as Trump Signals Fed Pick, Shutdown Deal and Tech Earnings Stir Markets 
Amazon Stock Dips as Reports Link Company to Potential $50B OpenAI Investment 
Asia Stocks Pause as Tech Earnings, Fed Signals, and Dollar Weakness Drive Markets 
Apple Faces Margin Pressure as Memory Chip Prices Surge Amid AI Boom 
NVIDIA, Microsoft, and Amazon Eye Massive OpenAI Investment Amid $100B Funding Push 
SK Telecom announced a strategic shift, moving from traditional telecommunications to dominate the AI, cloud computing, and data center markets, after witnessing non-telecom sectors' surging growth in Q2.
SK Telecom said on Tuesday, Aug. 8, that it is expanding its business portfolio by branching out to other segments, and at this point, it is aiming for AI, cloud computing, and data centers. It is leaning on these sectors after seeing remarkable growth in Q2.
As per The Korea Times, the South Korean telecom giant is also boosting its authority in emerging industries like urban air mobility (UAM) and the Metaverse by working to increase the number of its service users and investing in Joby Aviation, a leading aircraft manufacturer.
One of its major diversification plans is to turn the company into an AI enterprise. SK Telecom's chief financial officer, Kim Jin Won, said they will do their best to become an AI company which they expect will help SK Telecom maximize its corporate value.
It was noted that the telecom already implemented its AI assistant service called the "A." (A dot) in June this year. It also launched Chat T, which uses Microsoft Azure's ChatGPT model to provide a service that supplies users with information in a conversational way. Experts with specialized knowledge of the queries are the ones who provide the data.
"Based on our solid performance, SK Telecom will continue to build on our cooperation and self-development to secure leadership in the global AI business and become an AI company," Kim said in a statement.
Meanwhile, The Korea Economic Daily reported that SK Telecom recently revealed that it has improved with its A Dot to provide better services. It enhanced the AI assistant by adding multiturn dialogue technology. Finally, the company said it will go all-out as it expands its businesses and increase its presence in non-telecom segments.
Photo by: SK Telecom Website
