Jasmine Technology Solution Public Company Limited notified that the Company and KT Corporation (KT) have signed a Memorandum of Understanding (MOU) to establish a partnership. This collaboration aims to develop and deploy a Generative AI Platform, offering a comprehensive range of services including Infrastructure as a Service (IAAS), Model as a Service (MAAS), Platform as a Service (PAAS), and Software as a Service (SAAS). This strategic alliance will see both companies working hand-in-hand to plan and establish roadmaps for new business areas.

The goal is to co-develop and commercially launch the Generative AI business in Southeast Asian countries, starting with Thailand in 2024. The Company, renowned for its technological prowess, will leverage its existing businesses and capitalize on Jastel Network Company Limited's (JasTel) expertise, the leading connectivity provider for Telcos in the region, to cooperate with KT for new business. In addition, the Company is committed to AI workflows integration within Jasmine Group, its parent company, aiming to significantly enhance work efficiency.

A testament to this vision is the transformation of Jasmine International Tower into a pioneering AI building. With a bold vision for the future, the Company is setting its sights on reaching an impressive 10 million subscribers within the next five years. The Company's objective is to achieve an annual revenue of 1 billion USD from its new Generative AI business.