SK Telecom Invests $3M in Twelve Labs for Multimodal AI Innovation [Yahoo! Finance]
SK Telecom Co., Ltd. (SKM)
US:NYSE Investor Relations:
sktelecom.com/en/investor/lib/announce.do
Company Research
Source: Yahoo! Finance
The initiative aims to bolster multimodal artificial intelligence (AI) applications across a broad range of industries, particularly security, public safety and customer interaction. Multimodal AI refers to systems capable of processing and integrating data from multiple sources, such as text, speech, image and video. Unlike unimodal AI, which often focuses on a single data type, multimodal AI processes complex inputs to deliver more accurate outcomes. Twelve Labs, a San Francisco-based startup, is known for its innovative multimodal video foundation models. Its flagship offerings, Marengo and Pegasus, empower enterprises to harness the full potential of their video archives by enabling tasks like semantic search, content summarization, analysis and question-answering. SKM's decision to invest in Twelve Labs aligns with its broader goal of expanding its presence in the AI domain. The partnership is likely to foster advancements in multimodal AI technology, combining SK Telecom's e
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SKM
News
- Penguin Solutions Announces Closing of $200 Million Strategic Investment from SK Telecom [Yahoo! Finance]Yahoo! Finance
- Twelve Labs Secures $30 Million in Funding, Validating the Importance of Twelve Labs' Video Understanding Technology to the AI EcosystemPR Web
- Twelve Labs is building AI that can analyze and search through videos [TechCrunch]TechCrunch
- SK Telecom Co., Ltd. (NYSE: SKM) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- The world's first telecom-based credit scoring solution, 'EQUAL', has been launchedPR Web
SKM
Sec Filings
- 12/18/24 - Form 6-K
- 12/11/24 - Form 6-K
- 11/13/24 - Form 6-K
- SKM's page on the SEC website