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LG Uplus eyes $300m AI revenue in Google partnership

Telecommunications company LG Uplus announced its plan to generate US$300 million in revenue by 2028 through a partnership with Google.

The collaboration, finalized earlier this week, will integrate Google’s Gemini AI model into LG Uplus’ AI call agent, ixi-O.

This integration aims to enhance ixi-O’s features, including context-based call summaries and user recommendations.

Google initiated the partnership to expand ixi-O globally, which had 170,000 subscribers by the end of 2024, shortly after launching on iOS and Android.

Recent LG Uplus developments

Timeline
06-Oct-2022 💰 Fiserv-backed Korean fintech firm secures $24m
  • Korea Credit Data secures $24.7M funding
  • Valuation reaches $776 million post-funding
24-Feb-2020 🚀 Korea emerges as a promising tech M&A market
  • Korean firms increasingly embrace M&A strategies.
  • Kakao’s recent acquisitions lead a growing trend.
23-May-2019 🚀 AmazeVR lands $7m in funding, teams up with LG for content production
  • AmazeVR raises $7M from Mirae Asset Group
  • Partners with LG Uplus for 5G VR content
22-Apr-2019 📶 Who’s afraid of Huawei? Where Asia stands on China’s 5G tech giant
  • Japan excludes Huawei from 5G procurement.
  • India’s 5G rollout faces delays; uncertain with Chinese tech.

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