- Introducing 'PhnyX Lab': Tapping into Stanford University's Top AI Talent
- SK Networks Leads the Charge in AI Technology Development,
Service Verification, and Capability Internalization Across its
Subsidiaries
- "We aim to enhance our position as an AI company by bringing
global AI talent and AI-driven business models to fruition."
SEOUL,
South Korea, April 24,
2024 /PRNewswire/ -- SK Networks is transforming its
business model by incorporating state-of-the-art artificial
intelligence (AI) technology. Setting its sights on the forefront
of innovation, SK Networks has founded an AI Lab in Silicon Valley,
known as the mecca of global tech excellence.
SK Networks (CEO: Hojeong Lee)
revealed its newest venture with the launch of 'PhnyX Lab,' the
company's flagship AI technology development organization. The
grand inauguration occurred at the Rosewood Sandhill Hotel in
Silicon Valley, California, USA,
on April
23.
With a visionary mission to "usher in the Civilization of
Humanity through the Democracy of AI," PhnyX Lab has been
established to harness and internalize the AI prowess of SK
Networks. Positioned to ascend as an AI-centric enterprise, this
organization is propelled by a team of four highly skilled local
personnel with exceptional development prowess. The team,
consisting of researchers from Stanford
University along with master's and bachelor's degree
students, brings a wealth of experience in spearheading multiple AI
projects. They are primed to lead the development of AI products
and pioneering solutions through collaborative endeavors with SK
Networks and its subsidiaries in the coming days. Specifically,
their focus will be on actively pursuing AI-related technology
development, AI service verification and market testing, and the
internalization of AI capabilities linked to global advanced
technologies.
SK Networks' strategy is to continuously introduce AI-based
services that can compete on a global scale, leveraging PhnyX Lab's
professional capabilities and local connections. Through this
approach, not only will PhnyX Lab's technical know-how and overall
business improve, but industry collaborations will also get a
boost, ultimately cementing SK Networks' status as a leading AI
company.
President & COO Sunghwan
Choi, present at the ceremony, commented, "PhnyX Lab stands
as a formidable innovation hub with world-class competitiveness,
equipped not only to conduct future research on cutting-edge AI
technology but also to devise tangible business utilization plans,
such as business model development." He stressed, "Through PhnyX
Lab, we will ramp up our efforts to establish a strong foothold in
the U.S. while also driving forward AI development for numerous
companies."
SK Networks has been strategically bolstering its capabilities
to solidify its position as a top player in the AI industry.
Broadening its horizons, the company has established Hicosystem, a
network of experts in the global technology and investment
industry. Since launching the U.S. hyperscale data center fund in
2020, it has ventured into AI-based device startup 'Humane',
unmanned tractor automation solution company 'Sabanto', and smart
farm startup 'Source.ag'. Last year, SK Networks fortified its
position as an AI service company by acquiring 'Encore', a
prominent domestic data management and solutions company. Moreover,
earlier this year, it invested in 'Upstage', a key player in the
private LLM market, aiming to identify a model linked to its
business and reinforce the AI ecosystem. At the Annual General
Meeting for Institutional Investors (AGM) held last February, it
was revealed that the company plans to triple operating profits by
2026 through the integration of AI into key ventures like SK Magic,
Encore, and Walkerhill.
While on his business trip to the U.S., President Choi marked
the launch of PhnyX Lab and conducted meetings with leading AI
technology firms. Choi, accompanied by other executives from SK
Networks and SK Magic, will gather with local partners to
deliberate on fresh business and investment collaboration plans,
paving the way for continued discussions in the future.
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SOURCE SK Networks