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Korea’s SK Networks partners with Malaysia’s Sunway on AI

Korea Economic Daily LogoKorea Economic Daily5d ago

Korea’s SK Networks partners with Malaysia’s Sunway on AI - Korea Economic Daily

Quick Summary:

TO TRANSFORM INTO AI COMPANY“We may cooperate on innovative AI products that SK Magic is developing while expecting a business model to develop and build AI systems within Sunway Group based on the technology of SK Networks’ US AI unit PhnyX Lab,” said SK Networks.

South Korean trading company SK Networks Co.has joined forces with Malaysian conglomerate Sunway Group to work together on future growth sectors such as artificial intelligence to transform into an AI technology investment company.

The two companies also agreed to mull establishing a joint venture between Sunway and SK Magic Co., SK Networks’ wholly owned home appliance and lifestyle solution rental subsidiary in Malaysia and possibly exchange stakes to deepen ties.

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Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 20:24:55 (5 days ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 282 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Korea Economic Daily

News ID: 23386764

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About Korea Economic Daily

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Main Topics: Economy

Official Website: kedglobal.com

Update Frequency: 14 posts per day

Year Established: 1964

Headquarters: South Korea

News Last Updated: 12 hours ago

Coverage Areas: South Korea

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #91

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