As a major player in investing in promising future sectors such as artificial intelligence (AI) and data, SK Networks co-hosted a forum presented by Kindred Ventures that discussed the future of artificial intelligence as a transformative technology. The event brought together global leaders to discuss the trajectory of the market and the development of a robust ecosystem.
In a press release issued on December 8th, SK Networks (CEO: Ho-Jeong Lee) announced the success of the first AI Wave 2023, a collaborative effort that was held at Wavehill, Walkerhill Hotel & Resort.. Presented by Kindred Ventures and in partnership with SK Networks and SoftBank Ventures Asia, which have formed in-depth cooperative relationships with SK Networks in the global investment sector, the event encouraged insightful discussions in the field of artificial intelligence.. Approximately 150 industry experts, including representatives from startups and investment firms, as well as investors from across the globe, attended the event.
Approximately 150 industry experts, including representatives from startups and investment firms, as well as investors from across the globe, attended the event.
Announcing the successful hosting of the AI WAVE 2023 Conference at Wavehill, Walkerhill Hotel & Resort on December 8th, SK Networks (CEO: Ho-Jeong Lee) announced that it had successfully hosted the AI WAVE 2023 Conference. As a joint event sponsored by Kindred Ventures and SK Networks, as well as SK Networks and SoftBank Ventures Asia, which have formed in-depth cooperative relationships with SK Networks in the global investment sector, the event allowed for interesting discussions in the field of artificial intelligence.. Approximately 150 industry professionals, both domestically and internationally, participated in the event, including representatives from startups and investment firms, both at home and abroad.
Approximately 150 industry professionals, both domestically and internationally, participated in the event, including representatives from startups and investment firms, both at home and abroad.
In the afternoon of December 7th, AI WAVE 2023 served as a platform for showcasing trends and investment strategies in the field of artificial intelligence. This event also featured an Investor Relations (IR) meeting that highlighted global tech startups that included Perplexity, an interactive AI search engine startup, Extropic, an artificial intelligence startup based on physics, and Hour One, an AI SaaS company that creates generative videos based on artificial intelligence.
As the host of the event, the Founder and Managing Partner of Kindred Ventures took the stage at the podium and explained the purpose of the event, saying, "This is going to be a time to explore how artificial intelligence is shaping the future of consumer internet, mobile computing, and supercomputing.".
In addition, the three companies, Kindred Ventures, SK Networks, and SoftBank Ventures Asia, have also developed and launched a program that will enable open and collaborative discussions on AI prospects, trends, and strategies between them.
It was the CEO of SoftBank Ventures Asia, Joonpyo Lee, who expressed his expectations about the future of artificial intelligence, stating that artificial intelligence technology is expected to evolve in a more customized way as an increasing number of entrepreneurs combine their expertise in various fields with artificial intelligence to drive innovation.
SK Networks President & Chief Operating Officer Sunghwan Choi presented a comprehensive overview of the company's transformational journey, which was highlighted by strategic partnerships and investments in artificial intelligence. According to him, SK Networks has evolved into a business-oriented investment company with a special focus on digital transformation (DT) domains like artificial intelligence over the past few years.
There has been a significant strategic shift at SK Networks, which operates through the United Kingdom. 'Hico Capital' is an investment company that has been actively engaged in substantial investment activities in recent years. It is expected that the company will continue to invest in hyperscale data center investments in the future, contributing to notable startups like the AI-based device startup 'Humane,' the unmanned tractor automation solution company 'Sabanto,' and the smart farm startup 'Source'..The agricultural sector. SK Networks has been able to leverage its robust investment strategy to enhance its network and internal capabilities in the dynamic field of artificial intelligence as a result of this investment strategy. With a view to bolstering its capabilities, the company has recently completed the acquisition of Encore, a leading domestic provider of data solution management services, as a part of its strategy to expand. With this strategic acquisition, SK Networks is poised to significantly amplify the possibility of leveraging data-driven artificial intelligence synergy across SK Networks' headquarters and subsidiaries, opening up lucrative avenues for additional strategic investments that are yet to be made.
With this strategic acquisition, SK Networks is poised to significantly amplify the possibility of leveraging data-driven artificial intelligence synergy across SK Networks' headquarters and subsidiaries, opening up lucrative avenues for additional strategic investments that are yet to be made.
Choi commented that, "With the anticipated transformational impact of artificial intelligence on industries at large, we are actively integrating this technology into our operations so that we can spearhead changes in our business model and pave the way for new opportunities to grow." SK Networks, he said, plans to expand its role as a "Global Innovation Gatekeeper" by enhancing the ecosystem related to future industries, such as artificial intelligence."

Source prnewswire