Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Amazon Italy Pays €180M in Compensation as Delivery Staff Probe Ends 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
ExxonMobil to Shut Older Singapore Steam Cracker Amid Global Petrochemical Downturn 
Airline Loyalty Programs Face New Uncertainty as Visa–Mastercard Fee Settlement Evolves 
Hikvision Challenges FCC Rule Tightening Restrictions on Chinese Telecom Equipment 
Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Trump Administration to Secure Equity Stake in Pat Gelsinger’s XLight Startup 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Magnum Audit Flags Governance Issues at Ben & Jerry’s Foundation Ahead of Spin-Off 
Momenta Quietly Moves Toward Hong Kong IPO Amid Rising China-U.S. Tensions 
YouTube Agrees to Follow Australia’s New Under-16 Social Media Ban 
SK Telecom pours $100 million into Anthropic, a U.S.-based AI startup, to amplify its presence in the AI sector. By collaborating with Anthropic, the telecom giant intends to develop an advanced AI platform supporting multiple languages. This partnership underscores the increasing global significance of AI technologies and positions both firms at the forefront of industry innovation.
SK Telecom confirmed its multi-million investment in the AI company on Sunday, Aug. 13. Anthropic was founded by former OpenAI members, which operate the popular ChatGPT.
The leading telecom firm in South Korea revealed it plans to work with Anthropic to create its own AI platform and large language model (LLM) that supports various languages such as Korean, English, Japanese, and German.
As per Yonhap News Agency, Jared Kaplan, the chief scientist at the San Francisco-based AI firm, has been appointed to head the development of a new LLM. He is also the co-founder of Anthropic, and based on the new partnership, SK Telecom will boost its LLM model to make it more efficient and allow the company to serve customers' needs better.
"We aim to take a leading role in fostering an AI ecosystem jointly with global telecommunication companies, based on SKT's AI technologies specialized in Korean and Anthropics' global AI competence," Ryu Young Sang, the chief executive officer of SK Telecom, said in a statement.
Meanwhile, The Korea Times reported that SK Telecom decided to invest in Anthropic to amplify their cooperation in the AI business. The publication further quoted the company as saying about its new partner, "Anthropic has a strong safety record with its Constitutional AI technology to minimize the harmful effects of generative AI services. In May, U.S. President Joe Biden invited the CEOs of four companies, including Anthropic, Google, Microsoft and OpenAI, to the White House to discuss the security and safety of AI technology."
Photo by: SK Telecom Website
