AI & Enterprise
SKT forms AI fund with Japan\'s NTT, steps up Korea-Japan economic cooperation
SK Telecom said it will form a joint fund with Japan\'s NTT and Taiwan\'s Chunghwa Telecom to invest in next-generation AI technology. The IOWN AI Fund is expected to be worth $500 million, about 760 billion won. The companies plan to set up fund manager Catalight Capital with bases in Silicon Valley and East Asia. The fund will invest in startups across AI infrastructure, semiconductors, services and optical communications.
