Korean telecommunications company KT announced plans to invest 300 billion won ($257 million) over the next four years to become an artificial intelligence (AI) company, Korean press reported. The Korean telco also said it aims to hire nearly 1,000 specialists in the AI field with the aim of creating new value propositions in line with the deployment of 5G networks in the country. KT rolled out its AI-based service, called Giga Genie, in January of 2017. This AI service was initially offered in the form of a television set-top box. The company has been recently expanding the application of the AI-based service to speakers, apartments, hotels and cars.