SK Telecom, a company has made a significant investment of $100 million, in Anthropic, an AI firm based in the United States that is posing a challenge to OpenAI. Anthropic, which has received funding of $450 million from Google and Spark Capital is teaming up with SK Telecom to develop AI models with a focus on telecommunications. Their aim is to compete with OpenAIs GPT 4. The fact that Anthropic was founded by executives from OpenAI adds strength to their telecom-focused AI capabilities and their strategic alliance, within the industry.
SK Telecom, the largest telecommunications company in South Korea, has announced a significant investment of $100 million in the US-based artificial intelligence firm, Anthropic. This strategic move aims to bolster SK Telecom’s AI initiatives in the realm of telecommunications.
Anthropic, a pioneering startup engaged in the race to construct advanced AI foundational models, has secured substantial financial backing. Notably, the company successfully raised an impressive $450 million in funding during May, with notable contributors such as Alphabet Inc.’s Google and Spark Capital.
Having already made a smaller investment earlier in May, SK Telecom revealed its latest collaboration with Anthropic. The two entities intend to work hand in hand to develop a cutting-edge global language model that is specifically tailored for multilingual telecommunications applications. Additionally, this partnership aims to establish a robust AI platform to serve the telecommunications sector.
Anthropic, established by former executives from OpenAI in 2021, has quickly positioned itself as a formidable contender in the AI landscape. Their Claude models recognized as direct competitors to OpenAI’s GPT-4, have garnered significant attention and recognition.
Furthermore, SK Telecom’s ambitions extend beyond its involvement with Anthropic. In a notable development, the company joined forces with Deutsche Telekom, e&, and Singapore Telecommunications in July. This strategic alliance is dedicated to the collaborative advancement of AI-driven ventures within the telecommunications domain.
