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LG CNS Q3 operating profit up 15 percent to 138.2 billion won

LG CNS said on Thursday its third-quarter consolidated sales rose 9.3 percent from a year earlier to 1.66 trillion won, and operating profit climbed 15.0 percent to 138.2 billion won. Revenue from its AI and cloud business increased 9.3 percent to 961.5 billion won, supported by AI data centre projects and colocation. Digital business services revenue jumped 21.3 percent, while smart engineering revenue edged down.

AI & Enterprise

K-AI strategy under scrutiny as battle heats up over decision AI models

Government AI policy is expected to be a key issue during this year’s state audit running from Oct. 6 to Oct. 30, with attention on the independently developed AI foundation model project, Dokpamo, and the details of a separate frontier AI development initiative. The decision AI model market has quickly shifted into a multi-player competition. The article also rounds up moves by OpenAI, Google, Meta, Microsoft, Nvidia, IBM and others, along with investments and regulatory concerns.

AI & Enterprise

LG CNS expands enterprise software business, invests in global companies

LG CNS has signed a co-investment partnership with General Atlantic and will move in earnest to invest in global enterprise technology companies. LG CNS aims to strengthen its enterprise software business, which generates stable and recurring revenue, and diversify its business portfolio. The companies will explore investment opportunities in enterprise tech firms in software and AI. Investment size and terms will be disclosed deal by deal when targets are confirmed.

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