AI NewsWaveKB Securities Joins SK Telecom-Led "AI for Everyone" Consortium
Key points
- KB Securities signed an MOU with SK Telecom on Oct. 22
- It joins the government's "AI for Everyone" project consortium
- Plans to combine financial AI with SK Telecom's platform
KB Securities will take part in the "AI for Everyone" consortium led by SK Telecom. According to Betanews and Industry News (인더스트리뉴스), KB Securities signed a memorandum of understanding (MOU) with SK Telecom. Industry News and Digital Daily reported that the agreement was signed on Oct. 22, and the company announced it on Oct. 28.
Industry News described "AI for Everyone" as a government project to help anyone in the country use AI easily. Betanews explained that a consortium is an alliance formed by several companies for a common purpose.
Outlets described the cooperation differently. Digital Daily reported that the two sides plan to combine KB Securities' financial AI "KebiAI" technology with SK Telecom's platform, focusing on easier access for older adults and financial beginners, investment information analysis and protection of financial consumers. TheElec reported that the two companies are considering ways to link finance-specific AI technology with an AI platform to offer personalized asset management services. Industry News wrote that they will explore ways to use AI in finance.
Recent coverage of "AI for Everyone" continued. iNews24 reported that the Ministry of Science and ICT is holding a contest for the policy brand name and slogan from Oct. 26 to Nov. 6, and that the government is preparing a launch within the year. Hellot (헬로티) reported that the total prize money is 5.5 million won for six winning entries, including one grand prize. iNews24 reported that at the National Assembly audit on Oct. 23, a lawmaker pointed out that liability for compensation is unclear if errors in the service, due for its official launch in December, cause damage, and that Science and ICT Minister Bae Kyung-hoon replied he would make the sharing of responsibility among participating companies clear. Digital Daily reported that Kakao chose a split structure in which it trains its "Kanana" model on AWS cloud and runs the service on government GPUs.
Glossary A consortium is an alliance formed by several companies or institutions for a common purpose.