SK Telecom increases investment in AI, IoT on road to 5G

SK Telecom, South Korea's largest mobile carrier, certainly has been a leader in the race to 5G, and now comes news that the company will invest a total of $9.2 billion over the next three years to develop technology and services around the Internet of Things (IoT) and lay the foundation for 5G. SK Telecom CEO Park Jung-ho emphasized the urgency of a new $4.2 billion investment in artificial intelligence, autonomous driving and IoT on Wednesday, according to The Korea Herald. "As we witnessed at the CES 2017, investment in creating the New ICT ecosystem can no longer be postponed," Park said in a statement. "SKT will establish the new system through cooperation with others." The company is working with Santa Clara, California-based chipmaker Nvidia on using SK's mobile navigation T Map for the Korean map that will be included in autopilot technology Nvidia is developing.