SK Group Chairman: AI-led Revolution Poises Challenges to Companies | Be Korea-savvy

SK Group Chairman: AI-led Revolution Poises Challenges to Companies


SK Group Chairman Chey Tae-won listens to employees at his company's showroom during CES 2024 at the Las Vegas Convention Center in Las Vegas on Jan. 9, 2024, in this photo provided by the company. (Image courtesy of Yonhap)

SK Group Chairman Chey Tae-won listens to employees at his company’s showroom during CES 2024 at the Las Vegas Convention Center in Las Vegas on Jan. 9, 2024, in this photo provided by the company. (Image courtesy of Yonhap)

LAS VEGAS, Jan. 9 (Korea Bizwire)SK Group Chairman Chey Tae-won said Tuesday that companies are facing challenges in navigating the transformative era led by artificial intelligence due to its unpredictable impact and speed.

“We are on the starting line of the new era, and no one can predict the impact and speed of the AI revolution across the industries,” Chey told Korean reporters after touring corporate booths on the opening day of CES 2024 at the Las Vegas Convention Center in Las Vegas.

He said AI technology and devices with AI are the talk of the town at this year’s annual trade show and companies are showcasing their AI innovations achieved through early investment.

Reflecting on the rapid evolution of AI technologies, he highlighted the breakthrough made by ChatGPT, a language model launched about a year ago, which has significantly influenced how AI is perceived and utilized globally.

“Until ChatGPT, no one has thought of how AI would change the world,” he said. “But ChatGPT made a breakthrough, and everybody is trying to ride on the wave.”

SK Group Chairman Chey Tae-won speaks during a brief meeting with Korean media on the sidelines of CES 2024 at the Las Vegas Convention Center in Las Vegas on Jan. 9, 2024, in this photo provided by the company. (Image courtesy of Yonhap)

SK Group Chairman Chey Tae-won speaks during a brief meeting with Korean media on the sidelines of CES 2024 at the Las Vegas Convention Center in Las Vegas on Jan. 9, 2024, in this photo provided by the company. (Image courtesy of Yonhap)

SK hynix Inc., SK Group’s chipmaking unit, is one of the prominent companies at CES 2024, boasting its high-performance AI chips like high bandwidth memory (HBM).

The latest addition is the HBM3E chips, recognized as the world’s best-performing memory product. Mass production of HBM3E is scheduled to begin in the first half of 2024.

SK Telecom Co. is also working on AI, having Sapeon, an AI chip startup under its wing.

Chey stressed the importance of integrating AI services and solutions across SK Group’s diverse business sectors, ranging from energy to telecommunications and semiconductors.

“It’s crucial for each company to collaborate and present a unified package or solution rather than developing them separately,” Chey said. “But I don’t think it is necessary to set up a new unit for that. I think we should come up with an integrated channel for customers.”

(Yonhap)

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