SK Telecom, Deutsche Telekom, Softbank, others to establish joint venture

SK Telecom (SKM), Deutsche Telekom (DTEGY), e& Group, Singtel and SoftBank (SFTBY) held the inaugural meeting of the Global Telco AI Alliance, GTAA, at MWC Barcelona 2024 and announced their plans to establish a joint venture. Through the Joint Venture Company, the five companies plan to develop Large Language Models specifically tailored to the needs of telecommunications companies. The LLMs will be designed to help telcos improve their customer interactions via digital assistants and chatbots. The goal is to develop multilingual LLMs optimized for languages including Korean, English, German, Arabic and Japanese, with plans for additional languages to be agreed among the founding members.