SKT to form joint AI fund with Japanese, Taiwanese telecom operators - The Korea Times

From left, SKT CEO Jung Jai-hun, Nvidia CEO Jensen Huang and SK Hynix CEO Kwak Noh-jung arrive at SK Seorin Building in Seoul, Monday. Yonhap

Korea's SK Telecom said Wednesday it has joined hands with major telecommunication operators from Japan and Taiwan to form a joint fund for investments in next-generation artificial intelligence (AI) technologies.

SKT, Japan's NTT and Taiwan's Chunghwa Telecom have agreed to establish Catalight Capital, a company that will manage a joint fund of around $500 million created by the three firms, SKT said.

Investments will target promising startups in North America, Asia and Europe, in various areas of the entire AI value chain, from cooling systems to AI chips and AI service applications.

Chip giant SK hynix is also preparing to participate, SKT added.