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(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

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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...

SK Networks' U.S. investment firm Hico Capital plans to pursue a global partnership with Bow Capital to expand global investment, according to SK Networks, Wednesday. The company held a partnership event at the Rosewood Sand Hill Hotel in Silicon Valley, California, May 30 (local time), to promote the partnership with Bow Capital.