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Stock impact report

Omdia: Generative AI software revenue in Asia and Oceania to exceed $18 billion by 2028 [Yahoo! Finance]

SK Telecom Co., Ltd. (SKM) 
Company Research Source: Yahoo! Finance
in Asia and Oceania, Omdia 's new, Generative AI in Asia & Oceania – 2024: Democratization through localization report indicates that software revenue for GenAI in this region is estimated to be around $3.4 billion by the end of 2024 but is projected to exceed $18 billion by 2028. China Japan , and South Korea stand out as leading examples compared to other markets in the development of GenAI. Leveraging localized AI infrastructure, data, and human resources, vendors in these markets develop GenAI models with multilingual capacity, deep understanding of local cultures, and compliance with local legal requirements. Collectively, vendors from all three markets account for over 300 foundation models, all developed for various applications including chatbots and virtual assistants, video analytics, gaming and software development, autonomous vehicles and robots, and more. Asia and Oceania boasts some of the most ambitious vendors in the AI industry building full-stack solutions. Compa Show less Read more
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