Korea's LG Uplus aims for $1.4 bn in B2B AI sales by 2028

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Korea's LG Uplus aims for $1.4 bn in B2B AI sales by 2028 - Korea Economic Daily

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The telecommunications company, which is shifting its focus to the non-telecom sector such as AI for mid-to-long-term growth, said on Tuesday that it will expand its AI infrastructure, platform and corporate client services.“The AI market is expanding far faster than expected,” said LG Uplus corporate division head Kwon Yong-hyun at a press conference in Seoul on July 2.“We will use our entire capability for AI and apply AI technologies to all services to help the growth of corporate clients,” he added.

The company’s B2B AI strategy will focus on largely three businesses – AI data center and on-device AI, AI platform using smaller large language model (sLLM) and AI-powered services for corporate clients such as business operations and communications.

South Korea’s leading mobile carrier LG Uplus Corp., which is set to unveil its first artificial intelligence chip by the end of this year, aims for a 2 trillion won ($1.4 billion) revenue from the business-to-business (B2B) AI sector by 2028.