Brief: Nikkei Says Softbank, SK, LG, And Hanwha To Join Asia-Focused AI Fund

SK Networks Co

15/08/2024 23:39

Aug 16 (Reuters) - Nikkei: 
    * SOFTBANK, SK, LG, AND HANWHA TO JOIN ASIA-FOCUSED AI FUND
-
NIKKEI
    * SOFTBANK GROUP & CONGLOMERATES FROM SOUTH KOREA AND
THAILAND
WILL JOIN FUND AIMED AT MAKING QUICK AND "SIZABLE" INVESTMENTS
IN AI STARTUPS - NIKKEI
    * FUND IN TALKS WITH OTHER COMPANIES IN EAST AND SOUTHEAST
ASIA,
AND PLANS TO EXPAND TO AROUND $200 MILLION BY THE END OF THIS
YEAR - NIKKEI
    * AIM OF THE FUND IS FOR INVESTORS TO QUICKLY REALIZE
COLLABORATIONS WITH STARTUPS FOR THEIR AI-BASED APPLICATIONS -
NIKKEI
    * SOFTBANK, SK NETWORKS, LG ELECTRONICS, HANWHA FINANCIAL,
THAI
CONGLOMERATE SIGNED AGREEMENT TO JOIN $130 MILLION FUND - NIKKEI


Further company coverage:  9434.T 

 ((Reuters.Briefs@thomsonreuters.com;))