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Data Center News > Blog > Investments > SK Telecom invests $200 million in US AI data center solutions firm
Investments

SK Telecom invests $200 million in US AI data center solutions firm

Last updated: July 16, 2024 5:07 am
Published July 16, 2024
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The image shows SK Telecom CEO Yoo Young-sang left and Smart Global Holdings CEO Mark Adams right signing a 200 million investment agreement in Los Altos California marking their collaboration in AI infrastructure solutions Courtesy of SKT
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The image shows SK Telecom CEO Yoo Young-sang left and Smart Global Holdings CEO Mark Adams right signing a 200 million investment agreement in Los Altos California marking their collaboration in AI infrastructure solutions Courtesy of SKT
On this photograph launched on July 16, 2024, SK Telecom CEO Ryu Younger-sang (left) and Good World Holdings CEO Mark Adams (proper) pose after signing a $200 million funding settlement in Los Altos, California. Courtesy of SKT
 

SEOUL, July 16 (AJU PRESS) – SK Telecom on Tuesday introduced a $200 million funding in Good World Holdings (SGH), a U.S.-based knowledge middle integration options firm. In its largest synthetic intelligence-related funding thus far, SK Telecom has not too long ago signed a deal to safe about 10 % stake in SGH by means of convertible most well-liked inventory.

SGH, headquartered in Silicon Valley, makes a speciality of designing, constructing and working AI clusters with large-scale GPU servers. The corporate has a monitor file of developing and managing vital AI infrastructure initiatives for world tech giants, together with Meta’s Analysis Tremendous Cluster.

The funding comes as demand for specialised AI knowledge middle options grows, pushed by the event of enormous language fashions requiring intensive knowledge processing capabilities. SK Telecom goals to leverage this partnership to boost its competitiveness within the AI infrastructure worth chain.

The collaboration will concentrate on numerous areas of AI infrastructure, together with knowledge facilities, edge AI and future reminiscence options. Each firms plan to develop Telco Edge AI Options for industrial functions and discover abroad market alternatives. SK Telecom expects synergies between its knowledge middle administration programs and SGH’s AI cluster experience, supporting its enlargement into home and worldwide AI knowledge middle markets.

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Candice Kim
candicekim1121@ajupress.com

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See also  How Small Investments Grow Big Over Time
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