SK Telecom, Deutsche Telekom, e&, Singtel, and SoftBank Corp., the founding members of the Global Telco AI Alliance (GTAA), have signed a Joint Venture agreement at TM Forum's DTW24-Ignite. This follows the announcement made at MWC Barcelona 2024 to establish a Joint Venture, marking the founding parties' commitment to co-develop and launch multilingual Large Language Models (Telco LLM) specifically tailored for telecommunications companies. The Telco LLM aims to enhance customer interactions through digital assistants and other innovative AI solutions.
The Joint Venture will see equal investments from the founding parties to support its initial working capital requirements. The Telco LLM will cater to a global customer base of approximately 1.3 billion people across 50 countries, offering multilingual capabilities in languages such as Korean, English, German, Arabic, and Bahasa, among others. The launch of the Joint Venture is pending customary regulatory approvals. The focus will be on deploying innovative AI applications tailored to the unique needs of each founding party's market.
The second Global Telco AI Roundtable (GTAR) was also held at DTW24, emphasizing the GTAA’s dedication to innovation and collaboration in the telecom industry. SKT’s CEO Ryu Young-sang highlighted the transformative potential of AI in telecoms, positioning the Global Telco AI Alliance as a key player in the global AI ecosystem. He stressed the importance of creating new business opportunities and enhancing customer experiences through the Telco LLM JV while addressing social and environmental responsibilities through effective AI governance frameworks.
Key Points:
- SK Telecom, Deutsche Telekom, e&, Singtel, and SoftBank Corp. sign Joint Venture agreement at TM Forum's DTW24-Ignite.
- Joint Venture to develop multilingual Large Language Models (Telco LLM) tailored for telecommunications.
- Equal investments from founding parties to support initial working capital requirements.
- Telco LLM to cater to a global customer base of 1.3 billion across 50 countries.
- Second Global Telco AI Roundtable reaffirms GTAA’s commitment to innovation, collaboration, and effective AI governance.
