(Bloomberg) Bow Capital Management, the venture capital firm led by Sacramento Kings owner Vivek Ranadive, signed a memorandum of understanding with South Korea’s SK Networks Co. to collaborate on an artificial intelligence investment. Most Read from BloombergMusk’s $55 Billion Pay Package Voided, Threatening World’s Biggest FortuneTrump Risks Losing More Than Half of Swing-State Voters If Found GuiltyByron Allen’s Latest Takeover Attempt: Paramount for $14 BillionBig Tech Gets Crushed, Bonds
Kindred Ventures- SK Networks-SoftBank Ventures Asia Present Global AI Forum in Seoul, South Korea streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Source.ag received $2M from SK networks through its US investment corporation Hico Capital, and a further $2M from existing investor MIT-affiliated E14 fund.
/PRNewswire/ SK networks is intensifying its efforts to transform into a business-oriented investment firm, with the goal of becoming a global innovation.