South Korean Telecom Giant To Innovate With AI, Allowing Users To Produce And Innovate Existing Content With AI

The following report is by The Korea Economic Daily (excerpts):

South Korea’s telecom giant KT Corp. is set to innovate its media and content businesses with artificial intelligence as it seeks new growth drivers given the saturation of the local telecommunications market.

KT on Monday unveiled Magic Platform, a business-to-business (B2B) media solution that produces and analyzes video content. The platform will be offered in the form of a website for customers who do not have infrastructure.

“The media sector is KT’s top three businesses along with telecommunications and AI,” Kim Hoon-bae, head of the telco group’s media platform business, told reporters at an event to introduce its media and content business strategy. “We aim to lead the market by adding unrivaled AI technology competitiveness to the media value chain.”

KT aims to actively use AI for all of its media businesses.

The Magic Platform allows users to produce desired videos with generative AI to improve old content and switch low-definition content to high-definition content.

The group plans to add a function that enables customers to find desired people, actions and music in a video clip through AI analysis of the content in the second half…