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Top related persons:
Nacho - 1 Anthropic - 1 Claude - 1 OpenAI's - 1 Joyce Lee - 1 Sam Holmes - 1 Wells - 1 Charles Schwab — - 1
Top related locs:
Barcelona Spain SEOUL KS Anthropic New York South Wells Fargo
Top related orgs:
SK Telecom - 1 Congress - 1 REUTERS - 1 telco SK Telecom - 1 OpenAI - 1 Google - 1 Spark Capital - 1 Deutsche Telekom - 1

Search resuls for: "South Korea's SK Telecom"


4 mentions found


☆ Google-backed Anthropic raises $100 mln from South Korea's SK Telecom
  + stars: | 2023-08-14 | by ( ) www.reuters.com   time to read: +1 min
The logo of SK Telecom is pictured at the GSMA's 2023 Mobile World Congress (MWC) in Barcelona, Spain February 28, 2023. REUTERS/Nacho Doce/File PhotoSEOUL, Aug 14 (Reuters) - South Korea's largest telco SK Telecom (017670.KS) said it will invest $100 million in U.S. artificial intelligence firm Anthropic to strengthen its telecommunications-driven AI business. SK Telecom, which also made a smaller investment in May, said on Sunday that the two companies plan to jointly develop a global telecommunications-oriented multilingual large language model and build an AI platform. SK Telecom declined to reveal the size of its May investment or the size of its stake in Anthropic. In July, SK Telecom agreed with Deutsche Telekom, e& and Singapore Telecommunications to form an alliance to jointly develop telecommunications-driven AI businesses.
Persons: Nacho, Anthropic, Claude, OpenAI's, Joyce Lee, Sam Holmes Organizations: SK Telecom, Congress, REUTERS, telco SK Telecom, OpenAI, Google, Spark Capital, Deutsche Telekom, Singapore Telecommunications, Thomson Locations: Barcelona, Spain, SEOUL, KS, Anthropic
☆ Stocks making the biggest premarket moves: Joby, Micron, Wells Fargo, Freyr Battery and more
  + stars: | 2023-06-29 | by ( Michelle Fox | ) www.cnbc.com   time to read: +2 min
Check out the companies making the biggest moves in premarket trading. Joby Aviation — Joby shares gained another 17% premarket. The aviation company announced a $100 million equity investment from South Korea's SK Telecom, expanding an existing partnership. Wells Fargo , JPMorgan Chase , Bank of America — The banks moved higher after passing the Federal Reserve's annual stress test Wednesday. Wells Fargo and Bank of America gained nearly 2%, while JPMorgan rose 1.6%.
Persons: Wells, Charles Schwab —, Morgan Stanley, Adam Jonas, Berkshire Hathaway, Overstock, Richard, —, Macheel, Jesse Pound, Sarah Min, Michael Bloom, Brian Evans Organizations: Aviation, New York Stock Exchange, Joby, South Korea's SK Telecom, Micron Technology, Micron, JPMorgan Chase, Bank of America, Federal, JPMorgan, Citizens, Providence, Occidental Petroleum —, Petroleum, Berkshire, Warren Buffett, Virgin Galactic —, Virgin Galactic Locations: New York, South, Wells Fargo, Providence , Rhode Island, Wednesday's, Virgin
☆ South Korean startup rival to Nvidia seeks $400 million valuation and plans new A.I. chip
  + stars: | 2023-03-01 | by ( Arjun Kharpal | ) www.cnbc.com   time to read: +1 min
Sapeon was spun off from South Korea's SK Telecom in 2022 and is raising outside investment. BARCELONA, Spain — Sapeon, a South Korean artificial intelligence chip startup headquartered in California, is raising a funding round that puts its valuation above $400 million, its CEO told CNBC. The startup is backed by massive South Korean firms SK Telecom, memory-chip maker SK Hynix and SK Square, an investment company spun off of SK Telecom. But a number of established players such as AMD and startups like Sapeon, are looking to challenge Nvidia. Analysts at Bernstein expect ChatGPT to be a multi-billion dollar boon for chipmakers looking to fuel these AI models.
☆ A China ‘spending boom?’ Your guide to emerging market investing in 2023
  + stars: | 2022-12-26 | by ( Fred Imbert | ) www.cnbc.com   time to read: +9 min
"We're going to have a spending boom in China, at least in the first half of the year," said Mehran Nakhjavani, emerging market strategist at MRB Partners. How to play emerging markets in 2023 Regardless, there are several ways for investors to get exposure to emerging markets. Perhaps the easiest way is by investing in the iShares MSCI Emerging Markets ETF (EEM). Another vehicle through which to play emerging markets is the First Trust Emerging Markets Small Cap AlphaDex ETF (FEMS) . The fund is the best-performing emerging markets ETF this year, according to Morningstar, with a year-to-date return of just over 1%.
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