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SK Telecom Pursues 15GW AI Data Center Buildout, Aiming to Become Asia’s AI Infrastructure Hub

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Ulsan AI Data Center to expand to GW scale; 5GW to be activated in stages from 2029, reaching 15GW in totalSK Group brings together full-stack AI infrastructure capabilities; SKT to spearhead the overall projectKorea’s third national infrastructure revolution following the Gyeongbu Expressway and high-speed internet

SEOUL, Korea, July 5, 2026 /PRNewswire/ — SK Telecom (NYSE: SKM, hereafter “SKT”) today announced that it will pursue the construction of an AI data center with a scale of up to 15GW. The goal is to become an AI infrastructure hub in Asia.

The move is intended to preemptively build domestic AI computing infrastructure at a time when demand for AI model training and inference is surging and high-performance computing infrastructure determines national competitiveness.

SKT is pursuing the project by linking it with the government’s “AI G3” strategy — the goal of becoming one of the world’s three leading AI powers alongside the U.S. and China — and the task of balanced regional development, comprehensively reviewing core infrastructure elements such as power, siting, and operations for the AI data center.

Ulsan AI Data Center to Expand to GW Scale; 5GW to Be Activated in Stages from 2029, Reaching 15GW in Total

Due to the buildout of high-performance AI computing infrastructure and rising memory prices, constructing a typical 1GW-class AI data center may require a substantial project cost reaching approximately KRW 70 trillion. Such costs are expected to be financed not only through the company’s own investment but also through strategic partner investment, long-term customer contracts, and project financing.

The backdrop to SKT’s move into building an AI data center at this scale is a global supply shortage. Global consulting firm McKinsey & Company forecasts that global data center demand will grow 19–22% annually while supply fails to keep pace, resulting in an estimated shortfall of about 15GW in the U.S. alone by 2030.[1]

Accordingly, global big tech companies are expanding data center investment beyond the U.S. to locations around the world. In this context, Korea is drawing attention as an investment destination for global big tech companies’ AI data centers.

Korea holds strong competitiveness in core AI components such as high-bandwidth memory (HBM). It also has stable power supply conditions based on nuclear power and liquefied natural gas (LNG), along with GW-class infrastructure operating capabilities accumulated through operating semiconductor fabs, making it an attractive location for AI data centers.

Based on this solid demand and locational advantages, SKT plans to build AI data center capacity totaling 15GW.

First, starting with the AI data center currently under construction in Ulsan, SKT will build a cluster of over 2GW across the southeastern region (Gyeongsang), using it as a base to attract AI infrastructure demand from global big tech companies to Korea. It also plans to build an additional 1GW in the southwestern region (Jeolla), bringing its domestic AI data center capacity to a total of 5GW to be opened in stages starting in 2029.

To this end, SKT will pursue AI data center construction by considering various factors together — including site selection, power supply, and securing key anchor tenants — in connection with the government’s balanced regional development tasks and strategic supply plans.

SK Group brings together full-stack AI infrastructure capabilities; SKT to spearhead the overall project as AI Infrastructure Architect

AI data center infrastructure hinges on three core elements: semiconductors, energy solutions, and data center construction and operation capabilities. SK Group already holds these core capabilities across its affiliates. This project will bring together the Group’s full-stack AI infrastructure capabilities, with each affiliate contributing its own strengths.

In particular, SKT will take on the central role of leading the design, construction, and operation of the AI data centers. SKT has already been actively pursuing the AI data center business and has continued its cooperation with global big tech companies[2].  

At SK AI Summit 2025 last November, SKT President and CEO Jung Jai-hun unveiled the company’s AI infrastructure roadmap, stating that SKT would lead the evolution of AI infrastructure as the nation’s leading AI operator. He also presented a longer-term blueprint for expanding cooperation with global big tech companies and scaling up the Ulsan AI Data Center to a total of over 1GW.

More recently, SKT announced plans to operate an “AI Factory,” described as a next-generation AI data center. SKT plans to begin AI Factory operations in 2027 and expand it to GW scale going forward.

Korea’s Third National Infrastructure Revolution Following the Gyeongbu Expressway and High-Speed Internet

The AI industry expects that AI data centers will serve not only as a new growth engine for Korea, but also as a national strategic asset. In particular, it is expected that linking AI data centers with regional industries will contribute to balanced regional development.

The construction of a 15GW-scale AI data center is expected to serve as a springboard for Korea to become an AI infrastructure hub. SKT views AI data centers as Korea’s third innovative infrastructure, following the Gyeongbu Expressway (1968) and high-speed internet (1998), and intends to take a leading role in advancing it.

“This AI data center project is aimed at preemptively preparing the computing infrastructure that the global AI ecosystem needs,” said Jung Jai-hun, President and CEO of SKT. “We will work closely with the government, industry, and local communities to help Korea grow into Asia’s core AI infrastructure hub.”

About SK Telecom 

SK Telecom has been leading the growth of the mobile industry since 1984. Now, it is taking customer experience to new heights by extending beyond connectivity. By placing AI at the core of its business, SK Telecom is rapidly transforming into an AI company with a strong global presence. It is focusing on driving innovations in areas of AI Infrastructure, AI Transformation (AIX) and AI Service to deliver greater value for industry, society, and life. 

For more information, please visit our newsroom at https://news.sktelecom.com/en/ or our LinkedIn page at www.linkedin.com/company/sk-telecom.

Forward-Looking Statements: Certain statements in this press release including, but not limited to, statements as to: SK Telecom’s plans, objectives and expectations regarding the development, construction, financing and operation of AI data centers and AI infrastructure; the planned development of AI data center capacity, including the phased development of projects in Ulsan and other regions of Korea; anticipated project timing, financing arrangements and strategic partnerships; expectations regarding AI Factory deployment, AI infrastructure demand and Korea’s position as an AI infrastructure hub; and other statements that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the “safe harbor” created by those sections based on management’s beliefs and assumptions and on information currently available to management and are subject to risks and uncertainties that could cause actual results to be materially different than expectations.

Important factors that could cause actual results to differ materially include: global economic and political conditions; customer demand for AI infrastructure and services; the availability and cost of financing, computing resources, semiconductors, power, networking capacity and data center infrastructure; changes in governmental policies, applicable laws and regulations; the ability to secure strategic partners and customers; technological developments and competition; supply chain disruptions; the ability of SK Telecom and its collaborators and partners to successfully implement the contemplated initiatives and realize anticipated benefits; and other factors detailed from time to time in reports filed or furnished by SK Telecom with the U.S. Securities and Exchange Commission, including its most recent Annual Report on Form 20-F.

These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by applicable law, SK Telecom undertakes no obligation to update these forward-looking statements to reflect future events or circumstances.

[1]  “AI Power: Expanding data center capacity to meet growing demand” (McKinsey & Company)

[2] SK Telecom and NVIDIA Build AI Infrastructure to Power Korea’s AI Innovation (June 8, 2026) https://news.sktelecom.com/en/3124
  SK Group and AWS Team Up to Build Cloud Computing Infrastructure to Support AI Innovation (June 22, 2025) https://news.sktelecom.com/en/1948

 

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AIA Contract Documents Launches AI Assistant and Names Arijit “AJ” Saha Chief Technology Officer

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GREENVILLE, S.C., Aug. 26, 2026 /PRNewswire/ — AIA Contract Documents (ACD), the industry standard for construction agreements that support $100 billion in contract value each year, today announced the launch of its AI Assistant, providing in-app contract guidance, alongside an enhanced contract editing experience to accelerate contracting workflows.

The company also announced the hiring of Arijit “AJ” Saha as Chief Technology Officer to lead ACD’s technology and AI strategy and continue accelerating its innovation and value to customers.

Saha brings over 23 years of experience leading engineering, data, AI and cloud technology teams across emerging companies and large enterprises, including Infosys, Goldman Sachs, Noodle AI (now Daybreak), and most recently Redica Systems, where he served as Chief Technology Officer.

At ACD, Saha will advance the next generation of tools that streamline critical workflows across the construction lifecycle, helping architecture, engineering, and construction (AEC) firms align teams, manage risk, and move projects forward from start to completion.

“We are elevating our technology and our talent at the same time,” said Nick Macey, CEO of ACD. “Our latest contract workflows and AI capabilities mark significant milestones for our customers, and with AJ’s leadership, we’re building on that momentum to deliver solutions that help firms reduce contract disputes and achieve faster alignment during negotiations while driving more predictable outcomes.”

With more than 300 standardized contract documents as its foundation, ACD is modernizing the experience around them so project teams can move from template to signed agreement with less effort. The newly upgraded editor is designed to support a simpler document workflow, and the new AI Assistant provides on-demand guidance when users request it at any point in the contracting process. Additional AI capabilities are being developed to further help customers assess project risk and complete contract-related tasks more efficiently.

“ACD has earned the trust of the industry for nearly 140 years,” said Saha. “That foundation creates a rare opportunity to build intelligent, AI-native products that help project teams work with greater speed and clarity. I’m excited to lead this next chapter of innovation at ACD to deliver even more valuable tools for our customers.”

With more than 45,000 companies using ACD to write over 1.2 million contracts each year, the company supports a foundational part of how construction projects across the country come together. These investments build on that foundation, combining trusted industry expertise with modern technology to help AEC firms navigate increasingly complex projects and manage risk more effectively.

About AIA Contract Documents (ACD) 

For nearly 140 years, AIA Contract Documents (ACD) has supported architecture, engineering, and construction professionals by delivering a shared industry standard to align parties on a project. What began in 1888 with the development of standardized construction contracts has evolved into a comprehensive suite of contract tools and foundational workflows that not only shape how the industry works today but also help firms navigate construction’s growing complexity.  In a world driven by scale, fragmentation, and increasingly rapid decision-making, ACD serves as a trusted anchor, bringing stability and clarity that keep construction projects moving. To learn more, visit aiacontracts.com and follow us on LinkedIn

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Rentana Launches Ask Rentana, Giving Every Multifamily Team Member the Power of an Analyst

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New capability answers complex portfolio questions in seconds, placing powerful analysis directly in the hands of executives, revenue leaders and property teams, with real gains to show for it.

DALLAS, Aug. 26, 2026 /PRNewswire/ — Rentana, the AI-powered revenue intelligence platform for multifamily owners and operators, this summer announced the general availability of Ask Rentana, giving everyone across a real estate organization the ability to analyze portfolio performance and answer complex operational questions in seconds.

New capability answers complex portfolio questions in seconds, giving powerful analysis to multifamily teams.

“I use Ask Rentana as my everyday AI analyst. It’s remarkable,” said a Director of Revenue Management at an NMHC Top 10 Property Manager. “Analytical work that used to take hours, such as reforecasting a lease-up absorption schedule, now takes minutes, which frees us to focus on strategy rather than data assembly.”

For years, answers to important questions were delayed because analysis could only be done by a few experts trained in the use of complex tools. Traditional dashboards show what already happened. Now, teams can see what’s likely to happen next and take action to influence it, long before it becomes reality. The future becomes something they help shape, not something that happens to them.

Executives walk into meetings already briefed on where things stand and where they’re headed. Revenue leaders act directly on what a prediction reveals, closing the gap between seeing a trend and doing something about it. Onsite teams take an active hand in shaping the future in front of them.

What Leaders Are Saying

“As the leading Rentana user on our team, I’m using Ask Rentana as an analytical engine for ownership reporting, executive briefings and communicating our revenue strategy clearly to the broader team so everyone is bought in,” said Rex Miljus, The Collier Companies.

Power users are already averaging more than ten Ask Rentana conversations per week. Viewers, property managers and other non-revenue-manager roles now make up 72% of everyone using Ask Rentana, evidence that this intelligence is reaching well past the revenue team’s desk.

Executives are getting immediate value from Ask Rentana.

“As a CEO, I use Ask Rentana to brief myself on portfolios and specific properties, set clear goals and monthly targets for my team, and pressure-test trade-offs before I walk into the room,” said Chris Urso, CEO, URS Capital Partners. “It also helps me translate the numbers into something my team can rally around, connecting occupancy and pricing decisions to the actual revenue impact. Ask Rentana gives my team those capabilities on demand, any day, any time.”

Ask Rentana makes it easy to share the story your data is telling, synthesizing portfolio analysis, evaluating relationships across performance metrics, and identifying the real drivers and trade-offs behind a number, not just the number itself. That holds true across absorption, retention, concessions, closing ratios and property performance, each analyzed immediately, with the full analysis downloadable directly from the conversation to share with stakeholders.

Complex Analysis in Seconds With Enterprise-Grade Security and Privacy

Analysis that previously took days now happens instantly. Even a single question with complex layers, spanning pricing, leasing and property performance all at once, would typically take a skilled analyst hours of deep, cross-functional analysis. With Ask Rentana, it comes back complete in seconds: reasoning explained, interactive charts and tables included, and specific next steps for the team on the ground.

“AI is fundamentally changing who gets to work with data inside a real estate organization,” said Julie Blanc, Co-Founder and CEO of Rentana. “C-suites are getting answers faster, revenue teams can investigate questions that previously took hours or days, and property teams have access to insights they’ve never had before. Ask Rentana gives everyone on the team the power of an analyst, while keeping the judgment behind every decision exactly where it belongs, with the people making it.”

Security and privacy are built into the product. Every Ask Rentana conversation operates inside a private environment built around that customer’s own data. Customers’ private data is never shared with or drawn from another customer’s portfolio. Customers do not need to provide any additional data beyond what they already share with the Rentana platform. Rentana is SOC 2 Type II certified.

Ask Rentana is available now to all Rentana customers at no additional cost.

About Rentana
Rentana is an AI-powered revenue intelligence platform purpose-built for multifamily owners and operators. Founded by alumni of category-defining companies including Stripe, Airtable and Airbnb, Rentana is trusted by multiple members of the NMHC Top 50, holds a 4.9 rating on G2, and is ranked the #1 Revenue Management platform on Revyse. Book a demo at rentana.io/demo.

Media Contact:
press@rentana.io 

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WonderBotz Debuts at No. 2,421 on the 2026 Inc. 5000 with 137% Three-Year Growth

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First-time honoree grew its client base 220% on Agentic Process Management — running AI, automation, and people to outcomes clients can measure

PRINCETON, N.J., Aug. 26, 2026 /PRNewswire-PRWeb/ — WonderBotz today announced it has been ranked No. 2,421 on the 2026 Inc. 5000, Inc. magazine’s annual list of America’s fastest-growing private companies. The company earned its first appearance on the list with 137% revenue growth from 2022 to 2025 and a 220% increase in client logos over the same period.

“Anyone can make automation promises. Our clients pay us to be accountable for the impact delivered after go-live. That’s Agentic Process Management, and it’s why we’re on this list.” – Steve LaValle, Co-Founder and Co-CEO of WonderBotz

The growth tracks a shift in what enterprises buy. Over the past three years, WonderBotz’s clients moved AI and automation out of pilots and into governed production, and paid-for outcomes they could measure after go-live, not activity before it. WonderBotz calls the discipline behind that shift Agentic Process Management (APM): orchestrating AI, automation, and people into business outcomes an enterprise can hold its partner accountable for. One healthcare provider cut back-office processing time 90% and held WonderBotz to that result long after launch.

“The Inc. 5000 is the one award you can’t spin. It’s built on nothing but revenue, and revenue is clients voting with their budgets,” said Steve LaValle, Co-Founder and Co-CEO of WonderBotz. “Anyone can make automation promises. Our clients pay us to be accountable for the impact delivered after go-live. That’s Agentic Process Management, and it’s why we’re on this list.”

That accountability runs through WonderBotz AlwayzOn, our managed service that keeps a client’s Agents, AI, and Botz governed, orchestrated, and always working after go-live: infrastructure support, governance and security controls, an AI command center, and build capacity, delivered across a platform ecosystem spanning UiPath, SS&C Blue Prism, Microsoft, Tungsten Automation and Anthropic, among others. Details at wonderbotz.com/platforms/wonderbotz-alwayzon-managed-services.

“Launch day is the easy day. Day ninety is when every dashboard is green and the work has quietly stopped serving the business,” said Bhavyesh Virani, Co-Founder and Co-CEO of WonderBotz. “That’s drift, and you can’t catch it from a dashboard, because the dashboard is what’s reassuring you. WonderBotz AlwayzOn exists to catch it before your CFO does.”

The Inc. 5000 is the most prestigious ranking of the nation’s fastest-growing private companies; past honorees include Microsoft, Meta, Chobani, Oracle, and Patagonia. Among this year’s honorees, the median three-year revenue growth rate was 130%, and together they added more than 627,208 jobs to the U.S. economy over the past three years.

“Every company on the Inc. 5000 has a story of perseverance, smart decision making, and a refusal to sit still,” says Mike Hofman, editor-in-chief of Inc. “Their growth reflects more than strong financial performance–it reflects creativity, resilience, and the customer focus required to build companies that make a lasting impact. We congratulate all honorees on this significant achievement.”

Inc. will celebrate the honorees at the 2026 Inc. 5000 Conference & Gala, October 14–16 in Dallas, Texas; the top 500 companies will appear in the Fall issue of Inc. magazine. For the full Inc. 5000 list, honoree company profiles, and a searchable database by industry and location, visit www.inc.com/inc5000.

About WonderBotz

WonderBotz is an agentic operating company and the team behind Agentic Process Management (APM), the operating discipline for orchestrating AI, automation, and people into measurable business outcomes. Founded in 2017 by former Big Four leaders, WonderBotz helps enterprises launch, modernize, and manage intelligent operations without forcing a complete technology replacement. WonderBotz AlwayzOn managed services keep a client’s Agents, AI, and Botz governed, orchestrated, and always on. WonderBotz serves mid-market to Fortune 100 clients across banking, insurance, healthcare, manufacturing, and retail, with delivery operations in the U.S. and India. Learn more at wonderbotz.com.

About Inc.

Inc. is the leading media brand and playbook for the entrepreneurs and business leaders shaping our future. Through its journalism, Inc. aims to inform, educate, and elevate the profile of its community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating the future of business. Inc. is published by Mansueto Ventures LLC, along with fellow leading business publication Fast Company. For more information, visit www.inc.com.

Inc. 5000 List Methodology

Companies on the 2026 Inc. 5000 are ranked according to percentage revenue growth from 2022 to 2025. To qualify, companies must have been founded and generating revenue by March 31, 2022. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2025. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2022 is $100,000; the minimum for 2025 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons.

Media Contact

Paula Carneiro Cox, WonderBotz, 1 702 834 7205, paula.carneiro@wonderbotz.com, https://wonderbotz.com/

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