SME Times is powered by   
Search News
Just in:   • India, Argentina agree to bolster ties in agriculture sector  • Brazil expresses 'indignation' over US tariffs  • Govt emphasises ULI as critical DPI for lending ecosystem  • Sensex, Nifty open flat as markets look for new positive triggers  • Auto exports grow over 2 pc in S. Korea in June despite US tariffs 
Last updated: 13 Jun, 2024  

Telecom.9.Thmb.jpg SK Telecom to invest $10 mn in Perplexity for AI search cooperation

Telecom.9.jpg
   Top Stories
» Sensex, Nifty open flat as markets look for new positive triggers
» Govt focused on empowering entrepreneurs from tier 2 and 3 cities: Piyush Goyal
» Tesla all set to drive into India market with first showroom in Mumbai
» Sensex, Nifty open higher amid positive domestic cues
» TN yarn manufacturers form association to revive struggling sector amid rising costs
IANS | 13 Jun, 2024

SK Telecom, a leading South Korean mobile carrier, said on Thursday it will invest $10 million in US Artificial Intelligence (AI) startup Perplexity to cooperate on AI search services.

Perplexity also plans to invest in Global AI Platform, an AI service developing arm of SK Telecom in Silicon Valley, according to the Korean company.

However, it did not elaborate on the financial terms of the US side, reports Yonhap news agency.

SK Telecom and Perplexity signed a strategic partnership during the Mobile World Congress in February to boost their cooperation in the AI search engine business.

Through mutual investments, Perplexity plans to help SK Telecom develop an AI search engine for the personal AI assistant service that the Korean company is currently developing for the global market, as well as its existing service, A.

To support this collaboration, SK Telecom will provide Korean-language data and cultural content to Perplexity to help the startup fine-tune its large language model and make its search solution more sophisticated.

Perplexity's service is considered a challenger to Google, the world's biggest search engine, as it uses generative AI models to answer users' inquiries swiftly and with sources of information.

"Based on the cooperation between the two companies, we plan to strengthen the search capabilities of A. and release a globally top-level AI personal assistant service," Lee Jae-shin, SK Telecom's head of global business development, said.

Meanwhile, the Korean company said it plans to provide the paid version of Perplexity's search service to its subscribers for free for one year.

--IANS

na/dan

Seoul, June 13 (IANS) SK Telecom, a leading South Korean mobile carrier, said on Thursday it will invest $10 million in US Artificial Intelligence (AI) startup Perplexity to cooperate on AI search services.

Perplexity also plans to invest in Global AI Platform, an AI service developing arm of SK Telecom in Silicon Valley, according to the Korean company.

However, it did not elaborate on the financial terms of the US side, reports Yonhap news agency.

SK Telecom and Perplexity signed a strategic partnership during the Mobile World Congress in February to boost their cooperation in the AI search engine business.

Through mutual investments, Perplexity plans to help SK Telecom develop an AI search engine for the personal AI assistant service that the Korean company is currently developing for the global market, as well as its existing service, A.

To support this collaboration, SK Telecom will provide Korean-language data and cultural content to Perplexity to help the startup fine-tune its large language model and make its search solution more sophisticated.

Perplexity's service is considered a challenger to Google, the world's biggest search engine, as it uses generative AI models to answer users' inquiries swiftly and with sources of information.

"Based on the cooperation between the two companies, we plan to strengthen the search capabilities of A. and release a globally top-level AI personal assistant service," Lee Jae-shin, SK Telecom's head of global business development, said.

Meanwhile, the Korean company said it plans to provide the paid version of Perplexity's search service to its subscribers for free for one year.

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Do you think Indian businesses will be negatively affected by Trump's America First Policy?
 Yes
 No
 Can't Say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter