$45M USD global AI fund - Go Canada!
Vanessa Podgurny
International business development, investment, innovation and technology commercialization.
Remember that information I shared talking about the upcoming AI and Robotics event in Seoul this week? Well, I have some really great news to share with you:
SK Telecom, Hyundai Motor Company, Hanwha & Element AI have just signed a deal to create a $45M USD Global AI Fund!
I am so happy to share this news of a super-cool Canadian company from Montreal that is participating in the event organized by my colleagues at our Mission in Seoul, Korea. It is so great to see good things happen so quickly!
If you know anything about South Korea and the business environment there, you know that this collaboration between 3 Korean chaebols (Hyundai Motors, SK, and Hanwha) is quite unique. In fact, unprecedented.
Canada's Element AI will provide technical advice on the proposed investments, acting as a neutral but expert party between these 3 companies. I wonder what'll be next for the company and the impact it'll have on Canada's innovation landscape? Stay tuned!