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SK chairman calls for AI expansion beyond chips into models, services

SK Group Chairman Chey Tae-won urged leaders of group subsidiaries to redefine themselves as artificial intelligence (AI) companies and expand beyond chips, infrastructure and energy into AI models and services, building a growth cycle that connects the conglomerate’s businesses. According to SK Group, Sunday, Chey outlined the strategy at CEO seminar held Thursday to Saturday in Icheon, Gyeonggi…

SK chairman calls for AI expansion beyond chips into models, services

SK Group Chairman Chey Tae-won called on the company's subsidiaries to shift their focus towards artificial intelligence (AI) and expand their operations beyond chips, infrastructure, and energy. The strategy was discussed during a CEO seminar held in Icheon, Gyeonggi Province on Sunday, with Chey outlining the vision during a seminar that lasted from Thursday to Saturday.

Chey emphasized the significance of an "AI flywheel," a concept aimed at positioning SK as a leading player in a "token economy" where AI computing and services are treated as resources. He urged every subsidiary to redefine their roles, moving away from their traditional businesses and embracing AI services and the token economy.

According to this strategy, the AI semiconductor capabilities would help drive the expansion of AI factories, meet the rising demand for electricity, energy, and AI services. The competitive energy supplies and wider service adoption were expected to spur investment in AI factories and advanced chips.

Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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