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SK Telecom, Hyundai Motor, Hanwha, Element AI create USD 45 mln global AI fund

2017-11-16 10:03:00| Telecompaper Headlines

(Telecompaper) Element AI established a joint USD 45 million fund with Korean conglomerates SK Telecom, Hyundai Motor Company, and Hanwha Asset Management. The new fund targets the most promising sectors of commercial AI applications and infrastructure, specifically emerging AI-based technologies including autonomous vehicles, household robots, manufacturing, drones, and hardware.

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