Chey Tae-won, the billionaire chairman of South Korea’s second-largest conglomerate, projected strong demand for artificial intelligence over the next few years, joining other tech leaders in playing down fears about a spending bubble.
Demand will be fueled by the rapid rise of so-called agentic AI systems that can act autonomously as they evolve from person-to-AI communication to AI-to-AI interaction, the leader of chips-to-energy giant SK Group told Bloomberg Television. That transition will “require a huge amount of memory capacity,” Chey, 64, said in an exclusive interview on the sidelines of the Asia-Pacific Economic Cooperation CEO Summit in Gyeongju on Wednesday.