Microsoft, KT to jointly develop AI, cloud technologies

South Korean Telecom company KT Corp. announced that it will partner with US technology giant Microsoft to develop the local artificial intelligence (AI) and cloud computing industries.  

KT officials also said that under the partnership, the two organizations will jointly conduct AI and cloud research projects, reports Yonhap news agency.   

KT CEO Kim Young-Shub said, “We will do our best to set a milestone in South Korea’s digital innovation by swiftly responding to changes in the market through a comprehensive collaboration with Microsoft.” 
 
Also meanwhile, Hitachi and Microsoft announced a projected multibillion-dollar collaboration over the next three years that will accelerate social innovation with generative AI. Therefore,  
 
Through this strategic alliance, Hitachi will propel the growth of the Lumada business, with a planned revenue of $18.9 billion in FY2024, and will promote operational efficiency and productivity improvements for Hitachi Group’s 270,000 employees. 
 
Satya Nadella Chairman and CEO Microsoft added, “We are entering a new era of AI with the promise to deliver transformative business outcomes across every role and industry”.