$SKM

South Korea's Ministry of Science and ICT selected SK Telecom, Kakao, and KT to operate the AI for All project, providing free AI chatbot and public AI agent services. The consortium will receive 512 NVIDIA B200 GPUs this year, with government funding starting in 2027. The selection followed evaluations of six applicants.

SK Telecom, Upstage, and AhnLab formed a consortium to develop an AI model for cybersecurity. The project, backed by the South Korean government, aims to create a model trained on Korean-language cybersecurity data. SK Telecom noted the lack of such a model in the country. Shares of SK Telecom and AhnLab saw minor declines.

SK Telecom is spinning off its SK Broadband subsidiary to form SK Horizon, focusing on AI datacentres, with external investors acquiring 49%. Nvidia reported 106% YoY revenue growth to $96.2bn and forecasts 70% growth for next year. Qualcomm plans to launch a 6G modem in 2029, aiming to target both device and network equipment markets. Nvidia is reportedly set to acquire Hugging Face for $12.9bn.

SK Telecom launched SK Horizon, an AI data center company, with a $2.2B investment from KKR and IMM. SKT will retain 51% stake, while KKR and IMM will hold 29% and 20% respectively. SK Horizon will expand infrastructure to 318 MW, including 8 data centers. SKT aims to streamline decision-making and secure funding for key areas.

KKR, IMM, and Stonebridge will invest $2.1B in SK Telecom's AI data center unit, SK Horizon. SK Telecom retains 51% control. SK Horizon aims to expand data center capacity to 318 MW. The deal is expected to close in Q1 2027, pending approvals.

SK Telecom will spin off its AI data center business into a new company, SK Horizon, with a 3.08 trillion won investment from KKR and Korean firms. SK Telecom will retain 51% ownership. The split is expected to complete by Q1 2025, pending approvals. SK Horizon will operate existing data centers and expand infrastructure, while SK Telecom focuses on strategy and partnerships.

SK Telecom announced that a consortium led by KKR will invest $2.2 billion in its subsidiary, SK Horizon. The investment aims to support SK Horizon's growth and expansion, according to SK Telecom.

SK Telecom (017670) and NAVER (035420) are competing for a government project to develop an AI model for cybersecurity. Both companies have formed consortia with other tech firms. The project follows advancements in AI that can identify vulnerabilities and write attack code. The winners will be announced in early September.

SK Telecom (SKM) stopped new 3G subscriptions and began winding down the network, planning a full shutdown by 2027. It offered transition programs for existing 3G users, including discounts and subsidies. As of June, SK Telecom had 134,413 3G lines, about 0.6% of its customers. The company cited declining subscribers and traffic, along with aging equipment, for the decision.

SK Telecom (SKT) has halted new 3G subscriptions and related services as it prepares to shut down the network. The move, effective 20 August, includes stopping new 3G and non-HD Voice LTE device registrations. SKT will assist affected customers in transitioning to LTE or 5G services.