SK Telecom, Deutsche Telekom, e&, and Singtel join forces in the Global Telco AI Alliance to drive the AI transition in the telco industry.
The Global Telco AI Alliance was established by SK Telecom, Deutsche Telekom, e&, and Singtel to develop new consumer experiences using AI technology. The four members of the Global Telco AI Alliance decided to work together to hasten the current telco industry’s AI transition. They also committed to create new business models powered by artificial intelligence in order to create new growth drivers.
The signing ceremony for their multilateral Memorandum of Understanding (MOU) for cooperation in the AI industry took place in Seoul, Korea.
Both online and in-person attendees included:
- Claudia Nemat, member of the board for innovation and technology at Deutsche Telekom
- CEO of e&M Group Hatem Dowidar
- E& Life CEO Khalifa Al Shamsi
- Singtel’s group CEO Yuen Kuan Moon
- SK Group chairman Chey Tae-won
- Ryu Young-sang is the SKT’s CEO.
The four telecoms will combine their individual technology and capacities to jointly construct the Telco AI Platform. For future AI services, the Telco AI Platform will act as the fundamental building block. This comprises tools created to enhance current telco services, personal digital assistants, and multipurpose super applications.
They will establish the Global Telco AI Alliance Joint Working Group to facilitate their collaboration. To obtain a binding agreement, there will be in-depth conversations on topics including co-investment possibilities and the co-development of the Telco AI Platform. It will be addressed if each company should choose a C-level executive to oversee the overall relationship.
Collaboration to hasten the development of AI
The four telecoms also intend to work together to create an ecosystem and assist one another as they run AI services and applications in their respective markets.
According to Ryu Young-sang, CEO of SKT, “the launch of the Global Telco AI Alliance is meaningful in that it marks the start of a new journey to innovate our business models while growing with our global partners.” “We will expedite the AI transformation of all industries through cooperative efforts. In addition to doing this, we also lead the expansion of the global AI ecosystem while offering our clients new value and experiences.
“We want to create industry-specific applications in the Telco AI Alliance in order to maximize the potential of generative AI for our clients and our business. The fact that we are jointly pursuing an open-vendor strategy and that this partnership also promotes closing the gap between Europe and Asia makes me especially happy, said Claudia Nemat, board member for technology and innovation at Deutsche Telekom.
“We can use the greatest technology depending on the application. The establishment of this cooperation marks a significant turning point for our sector.
“We are pleased to begin this transformative journey with the creation of the Global Telco AI Alliance because we recognize the enormous potential of AI in altering the telecommunications sector and beyond. According to Khalifa Al Shamsi, CEO of e& life, the cooperation represents a strategic commitment to encouraging collaborative efforts and advancing innovation.
“Ai-powered business models will help us reinvent industry norms and create new growth drivers. We want to open the door to a new age of strategic collaboration and lead our sector toward a bright and successful future.
“Finally with the help of this cooperation, we and our ecosystem of partners will be able to greatly speed up the creation of fresh, cutting-edge AI services. Services that can be extremely advantageous to both customers and enterprises. With our cutting-edge 5G network, we are in a good position to use AI to brainstorm and collaborate. We already use it to improve our own staff and customer service experiences. Additionally to boosting productivity and promoting learning, this, according to Yuen Kuan Moon, group CEO of Singtel.