Japan Weighs New Tax Breaks to Boost Corporate Investment Amid Spending Debate 
BOJ Expected to Deliver December Rate Hike as Economists See Borrowing Costs Rising Through 2025 
ANZ Faces Legal Battle as Former CEO Shayne Elliott Sues Over A$13.5 Million Bonus Dispute 
Global Markets Slide as Tech Stocks Sink, Yields Rise, and AI Concerns Deepen 
Brazil Holds Selic Rate at 15% as Inflation Expectations Stay Elevated 
Gold Prices Slip Slightly in Asia as Silver Nears Record Highs on Dovish Fed Outlook 
Oil Prices Edge Higher as U.S. Seizes Sanctioned Venezuelan Tanker 
Ireland Limits Planned Trade Ban on Israeli Settlements to Goods Only 
S&P 500 Slides as AI Chip Stocks Tumble, Cooling Tech Rally 
Oil Prices Rebound in Asia as Venezuela Sanctions Risks Offset Ukraine Peace Hopes 
Air Force One Delivery Delayed to 2028 as Boeing Faces Rising Costs 
Rio Tinto Signs Interim Agreement With Yinhawangka Aboriginal Group Over Pilbara Mining Operations 
Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
Azul Airlines Wins Court Approval for $2 Billion Debt Restructuring and New Capital Raise 
Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case 
Indonesia–U.S. Tariff Talks Near Completion as Both Sides Push for Year-End Deal 
Coca-Cola’s Costa Coffee Sale Faces Uncertainty as Talks With TDR Capital Hit Snag 
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
