Home | Reports | Technical Documents | Tech-Blog | One-Shot Gallery | Korea ICT News | Korea Communication Market Data | List of Contributors | Become a Contributor |    
Section 5G 4G LTE C-RAN/Fronthaul Gigabit Internet IPTV/Video Streaming IoT SDN/NFV Wi-Fi KT SK Telecom LG U+ Network Protocol Samsung   Korean Vendors
Real World Private 5G Cases   4 Deployment Models On-Premise Cases 5G Core Control Plane Sharing Cases

5G Core Sharing Cases

Private 5G Deployment   • Private 5G Frequency Allocation Status in Korea  South Korean government's regulations on private 5G and KT's strategy for entering the market
Cases in Korea   Private 5G Operators |   SK Networks Service (SI) Sejong Telecom (Wire-line Carrier) KT MOS (Affiliate of KT) • Newgens (SI) • NAVER Cloud more >>  
    Enterprise DIY |   Korea Hydro & Nuclear Power (Power Plant) Korea Electric Power Corporation (Energy) • Republic of Korea Navy more >>
CHANNELS     HFR Private 5G Solution (my5G)       my5G Solution Components       my5G Key Features        my5G Resources        my5G News          
SK Telecom, Hyundai Motor Company, Hanwha Asset Management, and Element AI to form joint investment fund for AI and smart mobility
11/17/2017 | By Netmanias (tech@netmanias.com)


SK Telecom announced on November 16 that it will join forces with Hyundai Motor Company, Hanwha Asset Management and Element AI to form the AI Alliance Fund that will invest in startups with innovative technology and ideas throughout the world.


With initial investment of USD 45 million (approx. KRW 50 billion) from the three companies, the fund will be established in the first quarter of next year. It will invest in startups specialized in artificial intelligence, smart mobility and fintech in Europe, Israel and the United States.


In analyzing investment opportunities in the aspects of technical capabilities, market values and growth potentials, it will leverage the research capabilities and the global network of Element AI, an AI solutions provider founded by Yoshua Bengio, a professor of the University of Montreal, who is one of the world’s leading AI researchers.


The companies expect that they will be able to benefit from the fund’s strong synergy created from their respective expertise in artificial intelligence, automotive and financial networks.


In addition to the profitability of investments in promising businesses, the enhancements of long-term technical capabilities in leading the latest developments of ICT innovations and building the global network of collaborations and know-hows will drive the collaboration among the companies.


The fund will focus on equity investment in emerging startups with the next generation technology and innovative business models, which will ultimately give inspiration for business improvement to the companies.


SK Telecom has played a leading role in the AI business in Korea by launching the nation’s first AI service NUGU and extending the AI capability to its automotive navigation system application T-map. Also, it has developed smart mobility capabilities, that have been already proven in the world’s first successful demonstration of a 5G connected car last year and will be supported by the Around Alliance, a new alliance of businesses, academics and researchers for the development of smart mobility technology, organized by the carrier last month.


Hyundai Motor Company opened the CRADLE, an innovation hub, in Silicon Valley to seek opportunities for investment in future technology, analysis of new business and technology model and collaboration with new partners. Also, it keeps its effort to study the next generation technology and identify new business opportunities by forming the HTK Consortium with Technion-Israel Institute of Technology and KAIST.


Hanwha Asset Management has been exploring potential investment opportunities in the convergence of industrial technology. The company plans to create synergies of joint investment, accumulate investment experience in global start-ups, evaluate new technologies and explore new investment opportunities, to commercialize new foreign assets and enhance operation capacity. In addition, based on fintech, it seeks to introduce new financial technologies to upgrade its internal capacity and utilize them as its new growth engine.


Element AI will take part in the fund as a leading AI advisor. It has nearly 60 researchers specialized in AI with a global network of collaboration for AI research. “Infusing robotics with artificial intelligence capabilities is the future of global industrialization,” said Element AI CEO Jean-François Gagné. “Our position in the marketplace gives us extraordinary access to the most cutting-edge technologies being developed today -- all we need are partners and capital commitment to seed the future and that’s what we’re achieving today with this announcement.”

Emily (KNect365) via LinkedIn 2017-11-23 11:15:57

Will be very interesting to see how all these technologies continue converge with the move to 5G. Excited for the future potential of AI. Watch this space.

Thank you for visiting Netmanias! Please leave your comment if you have a question or suggestion.
  HFR's my5G, End-to-end Private 5G Solution [Download PPT



  Recent Netmanias' Contents





Subscribe FREE >>

Currently, 55,000+ subscribed to Netmanias.

  • You can get Netmanias Newsletter

  • You can view all netmanias' contents

  • You can download all netmanias' contents in pdf file









Korea ICT Portal (www.netmanias.com) at Netmanias.com provides you with the latest information about a wide array of ICT services, infrastructure and vendor solutions available from Korea, the world ICT leader.




View All (1716)
4.5G (2) 4G LTE (2) 5G (280) 5G-SIG (2) 6G (3) AI (21) AR (3) ARPU (1) Autonomous Driving (8) BMW (2) Big Data (1) C-RAN (1) C-RAN/Fronthaul (22) CES (2) CORD (1) Carrier Aggregation (9) China Mobile (1) Cisco (2) Cloud (1) Connected Car (12) DASAN Networks (5) Deutsche Telekom (4) EDGE (3) Ericsson (16) FTTH (1) Frequency (1) Fronthaul (2) GCSE (1) GiGA WiFi (1) GiGAtopia (3) Gigabit Internet (32) HDR (1) HFR (2) Harman (1) IPTV (35) Intel (1) IoST (1) IoT (125) Jio (2) KDDI (6) KT (141) Korea (48) Korea ICT Market (10) Korea ICT Service (17) Korea ICT Vendor (7) LAA (4) LG U+ (38) LPWA (6) LTE (105) LTE-A (7) LTE-A Pro (1) LTE-H (1) LTE-M (2) LTE-R (5) LTE-U (3) LoRa (6) MEC (8) MPTCP (2) MSIP (4) MWC (1) MWC 2015 (16) MWC 2016 (3) MWC 2017 (8) MWC 2018 (3) Massive MIMO (1) Media Platform (1) NB-IoT (9) Netflix (1) Network Slicing (1) New Radio (1) Nokia (16) O-RAN (1) OCP (3) OTT (1) Orange (1) PS-LTE (7) Platform (3) Private 5G (31) Private LTE (1) Public Safety (10) Qualcomm (10) RCS (2) Roaming (2) SDN/NFV (37) SK Broadband (6) SK Telecom (243) SK telecom (1) Samsung (166) Security (4) Self-Driving (2) Small Cell (4) Sprint (1) T-Mobile (1) UHD (11) URLLC (1) V2X (2) VR (11) Verizon (7) Video Streaming (12) VoLTE (4) Wi-Fi (29) WiGig (1) YTL (1) eMBMS (2) mmWave (2) vRAN (1)
Password confirmation
Please enter your registered comment password.