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SK networks Hico Capital to Collaborate with Bow Capital on Investment Opportunities in the Global Tech Sector

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SK networks is intensifying its efforts to transform into a business-oriented investment firm, with the goal of becoming a global innovation gatekeeper. As part of this strategic shift, the company is launching a collaboration with Bow Capital, a Silicon Valley-based venture investor.

On May 30th, SK networks held, with key representatives from SK networks, Hico Capital, and Bow Capital in attendance, the collaboration launch meeting at the Rosewood Sand Hill Hotel in Silicon Valley, California. The meeting was hosted by SK networks President & COO Sunghwan Choi along with Bow Capital Managing Director, Vivek Ranadivé.

Bow and Hico aim to collaborate by bringing two sets of additive skills, experience, and connections together for mutual benefit. Bow and Hico believe that together their combined eco-systems and experience, ranging from access to academic research to broad corporate operations experience and relationships, can provide differentiated value-add and investment capital for early-stage technology companies. In connection with the collaboration, President Choi will act as an advisor, providing guidance and support in investment sourcing and evaluation.

Bow and Hico share the perspective that software and artificial intelligence are rapidly transforming the operations of traditional industries, such as financial services, transportation & logistics, healthcare, among others, while creating opportunities in a myriad of areas, including climate management, digital business infrastructure, sports and entertainment.

SK networks, having cultivated its capabilities through initial corporate investments since 2018, is now poised to enhance its operational expertise through this collaboration. In addition, the company aims to further develop its investment capabilities to assume a leading role not only in early-stage investments but also across diverse stages in the long term. Furthermore, SK networks plans to continue its activities aimed at enhancing shareholder value. This includes utilizing a portion of its investment profits as a source of finance for various shareholder return policies, such as purchasing and retiring treasury stocks, as well as distributing dividends.

An official from SK networks emphasized, “The establishment of this collaboration by Hico Capital will strengthen our investment capabilities and provide a foundation for expanding our global investment scope beyond the initial stage.”

Based in Silicon Valley, USA, Bow is an early stage venture investing firm, established with the mission to shorten the path of innovation from science to society, through its strategic relationship with the University of California system (“UC system”) as its anchor investor. The UC system spends over $7.5B per year on fundamental research across its 10 campuses, 6 medical research facilities and hospitals and 3 national research labs. While not exclusively related to the UC system, Bow leverages its relationship strategically to tap into select facets of the UC system for both sourcing investment opportunities and building its understanding of key technological, economic and societal trends. Bow then complements its UC relationship with extensive corporate operating experience and a broad network of other relationships in Silicon Valley, industry, and sports and entertainment.

Vivek Ranadivé, Bow’s Managing Director, has been at the forefront of the technology industry, from his early days at the Massachusetts Institute of Technology to his time at TIBCO which powered some of the world’s largest companies and government agencies. He is an entrepreneur, technology visionary, New York Times best-selling author and philanthropist recognized for his innovative thinking. Since 2013, he has been the Chairman, Chief Executive Officer and Governor of the Sacramento Kings NBA team, becoming the first Indian majority owner of an NBA team, and investing $1 billion into their arena in downtown Sacramento, creating thousands of jobs and revitalizing the region.

Based in Seoul, Republic of Korea, SK networks is a business-oriented investment company with a wide span of businesses including mobility, home appliances, blockchain, ICT device distribution, trading, and hotel. The company also has in-house investment vehicle built to secure investment opportunities – mostly in early-stage start-ups – that will grow to have synergies with its existing businesses and fuel the company’s future growth.

Sunghwan Choi, SK networks’ President and COO, has been spearheading SK networks and SK Group’s investments in tech sector in Korea and globally. Mr. Choi has been an entrepreneur, investor and leader. Mr. Choi established a ride-hailing startup in Korea in 2015, one of the earliest movers in the space. Mr. Choi led the first wave of SK Group’s startup investments and established vast networks in Silicon Valley and other centers of innovation globally.

Artificial Intelligence

Aetina Accelerates Embedded AI with High-performance, Small Form-factor Aetina IA380E-QUFL Graphics Card

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TAIPEI, April 25, 2024 /PRNewswire/ — Aetina, a leading Edge AI solution provider, announced the launch of the Aetina IA380E-QUFL at Embedded World 2024 in Nuremberg, Germany. This groundbreaking product is a small form factor PCIe graphics card powered by the high-performance Intel Arc A380E GPU. 

Unmatched Power in a Compact Design
The Aetina IA380E-QUFL delivers workstation-level performance packed into a low-profile, single-slot form factor. This innovative solution consumes only 50W, making it ideal for space and power-constrained edge computing environments. Embedded system manufacturers and integrators can leverage the power of 4.096 TFLOPs peak FP32 performance delivered by the Intel Arc A380E GPU[1].
Beyond Small Size: Big Capabilities
Despite its compact size, the IA380E-QUFL offers native support for 4 mini-DisplayPort outputs and 6GB of GDDR6 memory, enabling the connection of multiple high-resolution displays (UHD). This makes the IA380E-QUFL an excellent choice for a wide range of applications, including commercial gaming, video walls, medical imaging, and visual inference for smart cities.
“The demand for slim and energy-efficient AI systems is rapidly escalating,” said Jackal Chen, Senior Product Manager at Aetina. “The Aetina IA380E-QUFL addresses this need head-on, offering a powerful GPU solution in a compact, single-slot form factor with minimal power consumption. This empowers developers to create powerful and efficient edge systems for a wide range of applications.”.
Unparalleled Commitment: 5-Year Product Supply
Acknowledging the critical need for long-term product stability in industrial applications, Aetina ensures a 5-year product supply for the Aetina IA380E-QUFL, which streamlines system roadmaps and reduces the need for costly redesign. Our commitment is aligned with Intel’s announced product plans for the Intel Arc A380E GPU.[1]
[1]https://www.intel.com/content/www/us/en/content-details/820389/intel-arc-gpu-for-the-edge-public-30-3-30.html?wapkw=Intel%20Arc%20GPU%2030-3-30&DocID=820389 Intel, the Intel logo, and other Intel marks are trademarks of Intel Corporation or its subsidiaries.
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IG Canada Announces Enhanced Trading Platform for Enhanced User Experience

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Meta description : Explore IG Canada’s advanced trading platform, educational resources, and robust security features. Achieve your trading goals with the innovative tools.
NOTTINGHAM, England, April 25, 2024 /PRNewswire/ — IG Canada, a premier online trading platform, is pleased to announce significant enhancements to its trading technology, designed to empower both novice and experienced traders with superior tools and resources. This development is part of IG Canada’s commitment to providing the best trading experience in the Canadian market.

IG Canada has upgraded its platform with advanced features that streamline trading processes and improve the accuracy of trade execution. These enhancements include customizable charts, a wider range of indicators, and improved mobile access, ensuring traders can operate efficiently from anywhere at any time.
Recognizing the importance of education in trading success, IG Canada has expanded its educational resources. The brokerage now offers a comprehensive learning center featuring webinars, tutorials, and articles that cater to various skill levels. These resources are designed to help traders develop robust trading strategies and improve their market knowledge.
Security remains a top priority for IG Canada. The latest updates include enhanced encryption and multi-factor authentication to protect client data and funds. These security measures provide peace of mind for traders, knowing their investments are safeguarded against potential threats.
IG Canada is a leading online brokerage that provides trading services across multiple asset classes, including forex, stocks, commodities, and indices. With a focus on innovation and customer service, IG Canada is committed to helping Canadian traders achieve their investment goals through a transparent and efficient trading environment.
In addition, IG Canada is committed to engaging with the community through upcoming webinars, live events, and partnerships with local financial experts. These initiatives are designed not only to support the growth and education of the clients but also to foster a stronger, more connected trading community in Canada.
Press Contact:Contact Name: Timothy C. SherwinEmail: [email protected] Phone: +447 441425053

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Sentrycs Now Part of the UK National Protective Security Authority Catalog of Security Equipment

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This inclusion into the NPSA CSE marks a significant milestone in the company’s commitment to enhancing national and international airspace security and to leading the C-UAS market toward multi-layer strategy optimization and excellence.
TEL-AVIV, Israel, April 25, 2024 /PRNewswire/ — Sentrycs, a leading innovator in adaptive counter-drone solutions, is proud to announce its inclusion in the prestigious UK National Protective Security Authority Catalogue of Security Equipment (NPSA CSE).
 
Following a rigorous assessment process, Sentrycs’ cutting-edge Counter Unmanned Aerial Systems (C-UAS) solution has met the high standards set by the NPSA for Detection, Tracking, and Identification (DTI). The testing, conducted at the NPSA’s designated testing facilities in August 2023, rigorously evaluated the Sentrycs system against the NPSA’s DTI Testing and Evaluation Standard v3.1.
Sentrycs elected to be assessed under Configuration D as a 3D system with Ground Control Station (GCS) detection capability and platform identification capability, which is the most demanding test scenario with the highest number of scored parameters.
The Sentrycs system demonstrated exceptional capabilities in various security scenarios, showcasing its robustness in detecting and tracking with high accuracy and zero false alarms. The system’s innovative use of cyber techniques to extract data from targets and its streamlined human-machine interface were especially noted for their efficiency and ease of use.
“Our team is proud to have Sentrycs recognized by the UK National Protective Security Authority,” said Yoav Zaltzman, CEO of Sentrycs. “Being listed in the CSE is not just an honor; it’s a testament to our technology’s reliability and effectiveness in contributing to the ever-changing airspace security landscape.”
Sentrycs’ technology is now accessible through the NPSA CSE, providing security practitioners with verified solutions that meet the UK’s rigorous security standards. This inclusion not only underscores Sentrycs’ role in advancing security technology but also enhances its visibility and credibility on a global stage.
For more details on Sentrycs’ solutions and their impact, visit www.sentrycs.com.
For further information regarding the NPSA and the Catalog of Security Equipment, please visit the NPSA’s official website.
About Sentrycs
Sentrycs is a leader in adaptive counter-drone solutions, supported by innovative technology designed to passively identify, mitigate, and where necessary, intercept unauthorized drones custom-built for various environments – including airports, borders, prisons, critical infrastructure, and mass events. Founded in 2017, Sentrycs’ has offices in Israel and the US, serving customers worldwide. By uniting its field-proven technology and expertise in global drone environments, Sentrycs is leading the way towards a safer and more secure drone-driven future. Learn more at www.sentrycs.com
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