SK Telecom Invests $100M In AI Research Firm Anthropic To Develop Language Models
Portfolio Pulse from Shivani Kumaresan
SK Telecom Co Ltd (NYSE:SKM) is investing an additional $100 million in AI safety and research company, Anthropic. The investment will be used to develop a large language model (LLM) customized for telecommunications companies. The LLM will support multiple languages and will be fine-tuned to telco use cases, including customer service, marketing, sales, and interactive consumer applications. This is expected to help telecommunications companies save cost and time and enable the members of the Global Telco AI Alliance to develop and offer AI services/apps customized to their respective markets and customers.
August 14, 2023 | 4:19 pm
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SK Telecom's additional $100 million investment in Anthropic to develop a large language model for telcos could potentially enhance its service offerings and efficiency, which may positively impact its stock.
The investment in AI research and development could potentially lead to improved services and efficiency for SK Telecom. This could make the company more competitive in the telecommunications market, which could positively impact its stock price.
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