SK Networks, an artificial intelligence (AI)-centric holding company leading innovation across its headquarters and subsidiaries while driving future business value, is teaming up with Qualcomm Technologies Inc. to accelerate the growth and advancement of its AI business.
The company announced that, in collaboration with Qualcomm, it will integrate Qualcomm’s Internet of Things (IoT) solutions into its headquarters and subsidiaries, marking a step fast-tracking the expansion of its AI-driven business portfolio. By harnessing Qualcomm’s technology, SK Networks sets to lay the groundwork for the development of new business models, powered by on-device AI, spanning a diverse array of industries.
Qualcomm plans to equip SK Networks with IoT solutions such as the ‘Qualcomm Dragonwing QCS6490,’ a high-performance system-on-chip (SoC) that supports on-device large language models (LLM). Designed for industrial and commercial IoT applications, the Dragonwing QCS6490 is optimised for a broad spectrum of use cases, ranging from robotics and drones to gateways, tablets and kiosks. This collaboration is expected to generate synergies by aligning with SK Networks’ unique characteristics, wherein its investment affiliates are actively incorporating AI into a broad business sectors.
SK Networks is gearing up to tap into opportunities to use Qualcomm’s technologies across its headquarters and subsidiaries while utilising top-tier IoT solutions to push the envelope on AI performance and security. Additionally, the company is doubling down on innovation, aiming to future-proof its business by capitalising on its global technology and investment expert network, Hicosystem, to stay ahead of the curve in the ever-evolving digital landscape.
Sunghwan Choi, the president and COO of SK Networks, remarked: “Collaboration with Qualcomm, a global technology powerhouse, enables us to propel our transformation into an AI-driven enterprise.” He further emphasised, “By embedding AI into SK Networks’ products and services, we are not only enhancing customer experiences but also paving the way for a smarter, more connected future that drives meaningful progress for humanity.”
O. H. Kwon, the president of APAC and senior vice president at Qualcomm Technologics Inc., stated: “Qualcomm has been steadily broadening its industrial and commercial IoT portfolio, garnering positive market traction across key sectors such as robotics, manufacturing, logistics and retail.” He added, “Our collaboration with SK Networks marks the first step in broadening our business portfolio, as we continue to champion the advantages of on-device AI and drive innovation across industries.”
Meanwhile, SK Networks, which unveiled its vision of ‘Democratisation of AI for Civilisation of Humanity’ early last year, has been aggressively advancing AI-integrated business models across its diverse operations. SK Speedmate, for instance, has joined forces with Germany’s DAT to roll out AI-powered automatic quotation systems. En-core, recognising the rising prominence of generative AI, introduced its ‘Data Orchestration Strategy for AI’ in October last year and is preparing to launch a new solution package this year. MINTIT is drawing on AI technology to assess and grade mobile phone performance. Additionally, Silicon Valley-based startup PhnyX Lab debuted Korea’s first modular retrieval-augmented generation (RAG)-based AI solution tailored for medical and pharmaceutical applications late last year, receiving buzz within the industry. SK Networks plans to continue expanding these AI-driven business models, further embedding AI into its growth initiatives.
For more detailed information about SK Networks, please visit the SK Networks website (https://www.sknetworks.co.kr/en).
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