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THE INVESTOR
November 13, 2019
Big Reunion

Mobile & Internet

KT to invest W300b in AI by 2023

  • PUBLISHED :October 30, 2019 - 11:02
  • UPDATED :October 30, 2019 - 11:02
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South Korean telecom giant KT said Oct. 30 it will invest 300 billion won ($256.9 million) in the next four years to develop advanced artificial intelligence technologies in various areas.

KT said it will develop AI tech in four areas -- language, image, analysis and problem solving -- to increase the number of AI-enabled devices to 100 million by 2025.


The mobile carrier said its AI technologies will fuel development of new platforms and services and help prevent major disasters and accidents.

The company said it will also combine AI with 5G network, big data and image analysis technologies to improve efficiency and safety in factories.

As part of the broader plan, KT said it is set to introduce AI-based hotel service in the Philippines next month to expand its solution in other Asian and Middle East countries.

KT’s GiGA Genie voiced-controlled AI platform has attracted over 2 million subscribers since its launch in January 2017, the largest number in South Korea, and has been partnering with construction companies and hotel chains to provide smart home solutions.

By Ram Garikipati and newswires (ram@heraldcorp.com)

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