Monday, 12 May 2025
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  BC.GAME Launches Pioneering Solana Airdrop with 400 Million $BC Tokens, Promising Full Transparency
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

Why everyone in AI is freaking out about DeepSeek

Be part of our each day and weekly newsletters for the most recent updates and…

January 24, 2025

No evidence that TP-Link routers are a Chinese security threat

One analysis report cited by O’Rielly got here from Test Level, which found {that a}…

September 5, 2024

GreenOps, FinOps, and the Sustainable Cloud

The constant, high-usage profile of knowledge facilities might lead us to consider that cloud knowledge…

June 1, 2024

Data Center Busway Market Set for Strong Growth Outlook:

Information Heart Busway MarketThe Newest Launched World Information Heart Busway market examine has evaluated the…

May 20, 2024

Proposals for New US Power Plants Jump 90% on Surging Demand | DCN

(Bloomberg) -- As utilities race to maintain forward of rising electrical energy demand, builders have…

April 12, 2024

You Might Also Like

dxi
Investments

DXI Raises Pre-Seed Financing

By saad
Motif Raises $46M in Seed and Series A Funding
Investments

Haast Raises $6M in Seed Funding

By saad
toloka
Investments

Toloka Raises $72M in Funding

By saad
Breathe Battery Technologies
Investments

Breathe Battery Technologies Raises $21M in Series B Funding

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.OkNoPrivacy policy
You can revoke your consent any time using the Revoke consent button.Revoke consent