LG invests in startups dealing with artificial intelligence and deep technology

By: Trademagazin Date: 2024. 08. 26. 10:05

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LG Electronics (LG) invests in startups specializing in artificial intelligence (AI) and deep technologies. (Enterprises working on deep technologies base their business models on new scientific research results and major technical innovations developed by themselves.) The South Korean company achieved this by investing $10 million from the venture capital investment company SBVA as a key partner. to his recently established $130 million Alpha Intelligence Fund (AIF).

SBVA will compile a portfolio for AIF, which will include startups with high growth potential in the fields of artificial intelligence, deep technology and robotics. The company aims to use its global networks and resources to support the growth of these startups.

SBVA has been investing in global startups for more than 20 years, developing its knowledge capital in the field of ICT technology and strengthening its international network. By joining the SBVA fund, LG aims to participate in the sharing of information related to rapidly changing innovative technological trends, as well as to respond to these global market changes in its management strategies.

Through the investment, LG aims to expand its collaboration opportunities with innovative startups, continue to have access to future technologies, and ultimately achieve quality growth. The company plans to strengthen networking with leading global companies and startups, explore additional opportunities for strategic investments, and secure technology capabilities for its future business operations.