SK Telecom CEO Ryu Young-sang, who also leads SK Group's ICT committee, said Thursday he is confident about seizing new business opportunities as the rise of generative artificial intelligence reshapes industries.

“Even before the black swan event of the emergence of (Chat)GPT last year, SK Group has been accumulating its capabilities in AI and new technologies as we (feel sure) about the growth of (such) innovation,” Ryu said in his opening speech at this year’s SK Tech Summit at Coex in southern Seoul.

While introducing SK Telecom’s “AI pyramid strategy” introduced in September, which focuses on three key areas -- AI infrastructure, AI transformation and AI service -- to realize the “global AI firm,” Ryu lauded SK’s vision and confidence in AI-based future growth led by the telecom giant.

Ryu vowed to create greater synergies “separately and together” with the group’s affiliates and key global partners -- Anthropic, Amazon Web Services and Google -- as well as with the member companies of the SK Telecom-led K-AI Alliance to cultivate a comprehensive AI ecosystem.

Under the theme of “AI Everywhere for a Better Future,” this year’s tech conference took place on its largest-ever scale since the inaugural event in 2016. A total of 17 SK affiliates, including SK Telecom, prepared sessions for the two-day event. Over 60 percent of the exhibition booths and presentations were related to AI technology, and around 9,600 attendees preregistered to attend the event, Ryu explained.

During his 10-minute opening speech, the telecom giant’s chief used the word “AI” around 50 times, while mentioning “SK” about 20 times to highlight how sincere and important SK considers the technology.

Anticipating a rosy outlook for the AI industry, Ryu said SK is making the utmost effort to reorganize its growth strategy to be centered on AI as it looks to do more than simply respond to the rapidly changing industry environment. “The future is up to exploration, not prediction. … SK is becoming a frontier that proactively pioneers the future,” he said.

“SK will strive to actively solve various issues and difficulties society faces through ‘people-centered AI,” the CEO said. “At this year’s event, we hope you will be able to experience the present and future that SK is creating through AI.”

At the conference, four keynote speakers -- Chung Suk-geun, chief AI global officer of SK Telecom; Jared Kaplan, Anthropic CSO; Slavik Dimitrovich, head of specialist solutions architecture of AI/ML at AWS; and Warren Barkley, senior director of product management at Google -- shared their visions and business experiences using generative AI.

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