Sunday, 8 Feb 2026
Subscribe
logo
  • Global
  • AI
  • Cloud Computing
  • Edge Computing
  • Security
  • Investment
  • Sustainability
  • More
    • Colocation
    • Quantum Computing
    • Regulation & Policy
    • Infrastructure
    • Power & Cooling
    • Design
    • Innovations
    • Blog
Font ResizerAa
Data Center NewsData Center News
Search
  • Global
  • AI
  • Cloud Computing
  • Edge Computing
  • Security
  • Investment
  • Sustainability
  • More
    • Colocation
    • Quantum Computing
    • Regulation & Policy
    • Infrastructure
    • Power & Cooling
    • Design
    • Innovations
    • Blog
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
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
Share
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
SHARE
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.

reporter

Candice Kim
candicekim1121@ajupress.com

Source link

See also  Acoru Raises €4M in Seed Funding
TAGGED: Center, data, firm, invests, million, Solutions, telecom
Share This Article
Twitter Email Copy Link Print
Previous Article 10 ways Intuit is revolutionizing personalization with Generative AI 10 ways Intuit is revolutionizing personalization with Generative AI
Next Article Naked Energy Naked Energy Raises £17M in Series B First Close
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Your Trusted Source for Accurate and Timely Updates!

Our commitment to accuracy, impartiality, and delivering breaking news as it happens has earned us the trust of a vast audience. Stay ahead with real-time updates on the latest events, trends.
FacebookLike
TwitterFollow
InstagramFollow
YoutubeSubscribe
LinkedInFollow
MediumFollow
- Advertisement -
Ad image

Popular Posts

Chrome adds new warnings and cloud scanning for suspicious downloads

Google has up to date the suspicious file warnings Chrome shows for why it may…

July 24, 2024

‘Significant’ outage at Alaska Airlines not a security incident, but a hardware breakdown

The airline advised Community World that when the essential piece of what it described as…

July 22, 2025

Vima Therapeutics Raises $60M in Series A Funding

Vima Therapeutics, a Cambridge, MA-based clinical-stage biotechnology firm, raised $60M in Sequence A funding. The…

May 31, 2025

Talent Shortage Spurs IT Budget and Automation

The IT Tendencies 2024: Business Report, an annual report that surveys 2,100 inner IT and…

April 12, 2024

Ehvert Mission Critical and Salas O’Brien join forces

Via this merger, Ehvert leverages its superior engineering providers, underpinned by industry-leading digital design and…

July 17, 2024

You Might Also Like

SpaceX
Global Market

Musk’s million data centers in space won’t fly, say experts

By saad
View on cooling towers of nuclear power plant thermal power station in which heat source is nuclear reactor, France, Europe, cheap energy source
Global Market

What hyperscalers’ hyper-spending on data centers tells us

By saad
atNorth expands Nordic footprint with new Stockholm data centre
Power & Cooling

atNorth expands Nordic footprint with new Stockholm data centre

By saad
London’s data centre market faces contractor constraints
Global Market

London’s data centre market faces contractor constraints

By saad
Data Center News
Facebook Twitter Youtube Instagram Linkedin

About US

Data Center News: Stay informed on the pulse of data centers. Latest updates, tech trends, and industry insights—all in one place. Elevate your data infrastructure knowledge.

Top Categories
  • Global Market
  • Infrastructure
  • Innovations
  • Investments
Usefull Links
  • Home
  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2024 – datacenternews.tech – All rights reserved

Welcome Back!

Sign in to your account

Lost your password?
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.
You can revoke your consent any time using the Revoke consent button.