SK Networks Unveils New AI Lab in Silicon Valley, USA

SK Networks, a leading company in South Korea, is making waves in the AI industry with the launch of ‘PhnyX Lab,’ its flagship AI technology development organization. The grand inauguration took place at the Rosewood Sandhill Hotel in Silicon Valley, California, USA, on April 23.

With a mission to “usher in the Civilization of Humanity through the Democracy of AI,” PhnyX Lab aims to harness and internalize the AI prowess of SK Networks. The team, consisting of researchers from Stanford University and talented students, is set to lead the development of AI products and solutions through collaborations with SK Networks and its subsidiaries.

President & COO Sunghwan Choi emphasized the importance of PhnyX Lab as an innovation hub with world-class competitiveness. He highlighted the lab’s role in conducting cutting-edge AI research and developing tangible business utilization plans.

SK Networks has been strategically expanding its presence in the AI industry by acquiring companies like ‘Encore’ and investing in startups like ‘Humane’ and ‘Sabanto.’ The company’s goal is to triple operating profits by 2026 through the integration of AI into key ventures.

President Choi’s visit to the U.S. marked the launch of PhnyX Lab and included meetings with leading AI technology firms. The discussions focused on potential business and investment collaborations, paving the way for future partnerships.

SK Networks’ commitment to AI technology development and innovation positions it as a key player in the global AI landscape. With PhnyX Lab at the forefront, the company is set to enhance its position as a leading AI company and drive forward AI development for numerous industries.