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☆ SK Telecom CEO: Telcos interested in turning into AI firms
▼ + stars: | 2024-02-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSK Telecom CEO: Telcos interested in turning into AI firmsRyu Young-sang, CEO SK Telecom, speaks to CNBC's Arjun Kharpal at Mobile World Congress in Barcelona, Spain.

Persons: Telcos, Ryu Young, CNBC's Arjun Kharpal Organizations: Email SK Telecom, SK Telecom, Mobile Locations: Barcelona, Spain

☆ Morgan Stanley names global 'alpha' stock ideas for January — and gives one 50% upside
▼ + stars: | 2024-01-16 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +2 min

Asian markets may have had a rocky 2023, but those looking for pockets of opportunities in the region can look to Morgan Stanley's selection of "alpha" stocks. Another top stock that Morgan Stanley is overweight on is the Singapore-headquartered United Overseas Bank . Here are 10 stocks from Morgan Stanley's full list of top overweight-rated stocks for January. Notable bottom-ranked stocks Morgan Stanley also named its "notable bottom-ranked stock ideas." These factors "should result in a wider discount to peers like Telstra ," the investment bank's analysts wrote.

Persons: Morgan Stanley's, Morgan, Morgan Stanley, Michael Bloom Organizations: Alpha, Asia, SK Telecom, Korea, United Overseas Bank, ASEAN, Morgan, TPG Telecom, Telstra Locations: Asia, Pacific, Japan, Asia Pacific, Korean, Singapore

☆ Sapeon, backed by South Korea's SK Group, launches new AI chip
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSEOUL, Nov 16 (Reuters) - Sapeon, an artificial intelligence (AI) chip startup backed by South Korea's telecom-to-chip conglomerate SK Group, has launched its latest chip for data centres, the company said on Thursday, joining the global race to develop AI chips with bigger rivals like Nvidia (NVDA.O). The new Sapeon X330 chip "represents roughly twice the computational performance and 1.3 times better power efficiency" than competitors' products launched this year, the company said in a statement, without elaborating further on the competitors. Sapeon designs AI semiconductors for data centres, which require huge amounts of data processing. The X330 chip is manufactured by TSMC (2330.TW), the world's largest contract chipmaker, Sapeon said. SK Telecom (017670.KS), South Korea's top telco company, is Sapeon's parent.

Persons: Dado Ruvic, Sapeon, Simon Cameron, Moore Organizations: REUTERS, Rights, SK Group, Nvidia, TSMC, SK Telecom, telco, SK Hynix, Thomson Locations: Rights SEOUL, South

☆ Asian Games: South Korea's Esports stars target medal success -- and a military exemption
▼ + stars: | 2023-09-26 | by ( Yoonjung Seo | ) edition.cnn.com time to read: +15 min

For South Korean male participants, winning a gold medal in the Asian Games or Olympic Games not only brings honor but also grants them a military exemption. However, the mandatory duty can be waived for some athletes, in particular those who win an Olympic medal or a gold medal in the Asian Games. Seven games will be featured as official medal events at the 19th Asian Games, building on the success of the pilot event at the 2018 Jakarta-Palembang Games. The venue for the Asian Games esports competitions is state-of-the-art and an impressive sight to see. With its inclusion as an official Asian Games medal event, the possibility of esports becoming a part of the Olympic Games is a topic of growing debate.

Persons: Suga, Oh, Wang Zhao, Son Heung, ” Shin, ”, esports, ” Kim Sa, “, ” Lee Kyung, Kwak, hyouk, it’d, ” Kwak, Thailand’s Teedech, Lee Sang, –, Michael Chow, Yoonjung Seo, Michael Jordan, ” Chow, Faker, JUNG YEON, Philip Fong, Rowan Crothers, “ I’m, I’ll, ” Crothers, Jess Bolden, Chow, Niko, Young Organizations: CNN, Gaming, Hangzhou Asian Games, Asian Games, Games, BTS, Asian, Getty, Premier League soccer, Tottenham Hotspur, Marine Corps, Republic of Korea Marine Corps, “ Times, CNN Sport, FIFA, Hangzhou, South Korea, Believer Company, Riot, South, Team Korea, League, “ League, SK Telecom, Riot Games, Microsoft Studios, Xbox, Studios, International Federation of, Phonographic Industry, EA Sports FC Online, PUBG, of Valor, of, Olympic, International Olympic Committee, Maekyung Media, Paralympic, IOC, Kodikara, International Federations, Niko Partners Locations: South Korea, Hangzhou, AFP, Seogwipo, Jeju, Republic of, Seoul, esports, Jakarta, South, . South Korea, Palembang, Asia

REUTERS/Yara Nardi/File Photo Acquire Licensing RightsMILAN, Sept 20 (Reuters) - U.S. fund KKR and Italy's Treasury are set to ask Telecom Italia (TIM) for more time to arrange a joint bid for its landline grid, three sources close to the matter said. KKR (KKR.N) last month won the backing of Prime Minister Giorgia Meloni's government, which authorised the Treasury to join its bid for an asset deemed of strategic national interest. The U.S. fund's preliminary bid valued the business -- dubbed NetCo -- at around 23 billion euros ($25 billion) including debt and taking into account a number of variables. The French group, which owns 24% of TIM, has so far shown little appetite for a deal under KKR's terms. The Treasury is evaluating the request, one of these people said, without adding further details.

Persons: Yara, Giorgia, Arnaud de Puyfontaine, Giancarlo Giorgetti, Elvira Pollina, Giuseppe Fonte, Alvise Armellini, Alexander Smith Organizations: REUTERS, KKR, Italy's Treasury, Telecom Italia, Treasury, TIM, NetCo, Reuters, Vivendi, Thomson Locations: Rome, Italy, U.S

☆ S.Korean broadband firm, Netflix says ending all disputes over costs
▼ + stars: | 2023-09-18 | by ( Joyce Lee | ) www.reuters.com time to read: +1 min

The Netflix logo is shown on one of their Hollywood buildings in Los Angeles, California, U.S., July 12, 2023. REUTERS/Mike Blake/File Photo Acquire Licensing RightsSEOUL, Sept 18 (Reuters) - South Korean internet service provider SK Broadband and Netflix Inc (NFLX.O) said on Monday they were ending all lawsuits with each other, having earlier been in dispute over whether Netflix should pay for costs from increased network traffic and maintenance work. SK Broadband and parent SK Telecom (017670.KS) announced in a joint statement with Netflix that they had agreed on a partnership to release joint products and seek ways to use artificial intelligence (AI) products being developed by SK. "Moving forward, SK Broadband and Netflix will end all disputes with the signing of today’s partnership, and collaborate as partners for the future," the statement said. Spokespeople for Netflix and SK Broadband said both had withdrawn their lawsuits.

Persons: Mike Blake, Joyce Lee, Jacqueline Wong, Simon Cameron, Moore Organizations: Netflix, REUTERS, Rights, SK Broadband, Netflix Inc, SK Telecom, SK, Thomson Locations: Los Angeles , California, U.S, Rights SEOUL, Korean

☆ Analyst discusses Naver and SK Telecom and their development of AI services for enterprise customers
▼ + stars: | 2023-08-24 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAnalyst discusses Naver and SK Telecom and their development of AI services for enterprise customersJames Lim of Dalton Investments discusses South Korea's dominance in the memory chip market and companies that are developing artificial intelligence services targeted at enterprise customers.

Persons: James Lim, Dalton Organizations: SK Telecom, Dalton Investments

☆ 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

☆ Korean telco giant adds ChatGPT tech to its A.I. chatbot, says you can talk to it like a 'close friend'
▼ + stars: | 2023-06-30 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

The company has integrated its various service from music streaming to e-commerce into A. and is planning to launch it fully in 2023. SKT added a feature called "Chat T" to A. that is powered by the technology behind ChatGPT, based on Microsoft's Azure OpenAI cloud computing service. The Korean telecoms giant also added a chatroom function to A. that allows users to have conversations with an AI character. "Through these conversations, users can share information about their daily life like they are talking to a close friend," SKT said in a press release. SKT said it has brought more AI agents named "A. friends" to the product, equipped with conversational AI technology "that enables emotional and human-like conversations."

Persons: chatbot, OpenAI's, Sapeon Organizations: SK Telecom's, SK Telecom, South Korea's, Microsoft, CNBC Locations: South, South Korea

☆ 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

☆ Stocks making the biggest moves midday: Occidental Petroleum, Wells Fargo, Micron, Joby and more
▼ + stars: | 2023-06-29 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Analyst Adam Jonas's $13 price target implies more than 70% upside from Wednesday's close for the stock. Wells Fargo climbed 3.4% while JPMorgan and Bank of America added more than 2% each. Tenaris — The pipe manufacturer rose 2.4% after Jefferies initiated coverage of the stock at a buy, citing a compelling risk-reward ratio. Occidental Petroleum - Shares of the oil giant rose nearly 1% after Warren Buffett's Berkshire Hathaway once again increased its stake. Sigilon Therapeutics — Shares soared more than 500% on news that pharmaceutical company Eli Lilly would purchase Sigilon for as much as $126.56 per share.

Persons: Freyr — Freyr Battery, Morgan Stanley, Adam Jonas's, Wells, Jefferies, Warren Buffett's Berkshire Hathaway, Eli Lilly, — CNBC's Michelle Fox, Alex Harring, Sarah Min, Yun Li Organizations: JPMorgan Chase, Bank of America —, JPMorgan, Bank of America, Micron Technology, Micron, Occidental Petroleum, Occidental, Joby, SK Telecom, Sigilon Therapeutics, Therapeutics, Food and Drug Administration Locations: Salt Lake City , Utah, Wells Fargo, China, Occidental, Houston

☆ Next-gen mobile internet — 6G — will launch in 2030, telecom bosses say, even as 5G adoption remains low
▼ + stars: | 2023-03-08 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +6 min

"We have not completed the deployment of 5G yet," Ha Min Yong, chief development officer of SK Telecom , told CNBC last week. However, after hundreds of billions of dollars of investment into 5G networks, carriers have struggled to see the return. I don't see any use cases today that we can't do with 5G or its immediate evolutions," Watson told CNBC last week. Many of the current 5G networks are built on top of equipment and technology from 4G. There will also be more software that powers 5G networks helping with efficiency such as the management of data traffic.

☆ A South Korean telco giant has its own A.I. chatbot — and says it's a 'super app' version of ChatGPT
▼ + stars: | 2023-03-02 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

The company has integrated its various service from music streaming to e-commerce into A. and is planning to launch it fully in 2023. Download our app, and we'll do basically everything you want us to do and more," Davis said. A "super app" is a concept pioneered by Chinese technology giants, such as Tencent with its WeChat messaging service. The idea is that a person only needs one app, and that several third-party services are accessible via that app. Super apps are popular in China and in parts of Asia, but haven't taken off in Europe and in the U.S.

☆ 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.

☆ Telecommunication firms should be able to deliver urban air mobility, says SK Telecom
▼ + stars: | 2023-02-27 | by ( Arjun Kharpal | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTelecommunication firms should be able to deliver urban air mobility, says SK TelecomHa Min Yong of the telecommunications company says "this is an expansion of our business model ... from mobile connectivity to mobility connectivity."

☆ A South Korean telecoms giant wants to launch flying taxis in 2025 and expects it to be big business
▼ + stars: | 2023-02-27 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

BARCELONA, Spain — South Korean telecommunications giant SK Telecom is planning to launch a flying taxi service in 2025 and expects it to generate "significant" revenue going forward, a senior executive told CNBC. Last year, SK Telecom and U.S. firm Joby Aviation inked a tie-up to develop air taxis for the South Korean market. Joby Aviation is a maker of so-called electric vertical take-off and landing vehicles. The South Korean government is pushing forward with trying to commercialize air taxis by 2025. SK Telecom and Joby Aviation are looking to take advantage of the government backing.

☆ Apple, Nvidia in the news: Here's our take on these outsized tech holdings
▼ + stars: | 2023-02-27 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Apple (APPL) and Nvidia (NVDA) made headlines Monday, with bullish implications for both Club holdings. For example, Apple's market share of the 18-to-29-year-old cohort in South Korea has increased to 52% from 44% over the past two years, the Journal report noted, citing a Gallup poll. More broadly, the Journal explained, Apple continues to take market share away from South Korea's Samsung, the world's largest smartphone maker overall. That's a key reason we've expressed frustration with Qualcomm's slow progress on diversifying its revenue stream away from its heavy reliance on the smartphone market. Nvidia (NVDA) The news: Analysts at Bernstein took a crack at sizing up the market opportunity that generative AI represents, particularly as it relates to Nvidia.

[1/2] AI chip startup Rebellions co-founder and chief executive Park Sunghyun works at the company headquarters in Seongnam, South Korea February 2023. SEOUL Feb 13 (Reuters) - South Korean startup Rebellions Inc launches an artificial intelligence (AI) chip on Monday, racing to win government contracts as Seoul seeks a place for local companies in the exploding AI industry. "But it's not set in stone because AI chips can carry out different functions and there aren't set boundaries or metrics." A100 is the most popular chip for AI workloads, powerful enough to create - in industry lingo, "train" - the AI models. Rebellions declined to give a forecast for its AI chip venture.

☆ 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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