KT CEO Kim Younger-shub, left, shakes fingers with Palantir CEO Alex Karp after signing a strategic partnership in america, Wednesday (native time). Courtesy of KT
KT has signed a strategic partnership with information processing large Palantir Applied sciences for the factitious intelligence (AI) transformation enterprise, the Korean telecom firm mentioned Thursday.
KT CEO Kim Younger-shub and Palantir CEO Alex Karp signed the partnership in america on Wednesday (native time), with the previous turning into the primary Korean firm to affix the Worldwide Companion Ecosystem, a community of enterprise and expertise companion corporations of Palantir.
Palantir, an S&P 500 firm, develops software program platforms that assist decision-making processes of governments and companies by means of large-scale information integration and evaluation. Based mostly on its world-class safety expertise, the corporate’s platforms optimize AI techniques in real-world operational environments. The corporate additionally gained international consideration as its inventory worth soared 279 p.c over the past yr, benefiting from the present hype round generative AI.
By means of this partnership, KT and Palantir will collaborate on enterprise ventures within the Korean AI transformation market. KT additionally plans to combine Palantir’s software program into its operations, making use of it to varied tasks to boost enterprise high quality and optimize operational processes.
KT will mix its cloud and community infrastructure with Palantir’s core AI options to supply providers optimized for the Korean market. The 2 sides will significantly deal with industries akin to finance, the place safety and regulatory compliance are essential.
KT plans to allow purchasers utilizing KT Safe Public Cloud, which gives enhanced safety in comparison with public clouds, to run Palantir options in a completely secured atmosphere.
The 2 corporations can even collectively develop Palantir’s AIP Bootcamp for the Korean market. AIP Bootcamp is a hands-on coaching program designed to assist perceive Palantir options. AIP Bootcamp was carried out 1,300 instances within the U.S. final yr, and the 2 corporations plan to adapt it to the Korean market, providing home clients the chance to expertise Palantir’s options.
Together with these collaborations, KT plans to execute joint tasks with Palantir’s international engineers, with the latter offering coaching for KT workers.
“I’m assured that the strategic partnership between Palantir, with its distinctive technological capabilities and differentiated options, and KT, with its in depth consulting experience and know-how, will probably be a win-win for each corporations,” KT CEO Kim mentioned.
“By means of this strategic partnership, we’ll leap ahead as Korea’s main AI transformation accelerator having overwhelming competitiveness in each home and worldwide markets.”
Palantir CEO Karp mentioned he’s proud to supply the important technological infrastructure to assist main corporations in Korea by means of the partnership with KT, and the 2 corporations will speed up the innovation of companions within the nation.
