SK Telecom, Hyundai Motor, Hanwha, Element AI create USD 45 mln global AI fund

(Telecompaper) Element AI established a joint USD 45 million fund with Korean conglomerates SK Telecom, Hyundai Motor Company, and Hanwha Asset Management. The new fund targets the most promising sectors of commercial AI applications and infrastructure, specifically emerging AI-based technologies including autonomous vehicles, household robots, manufacturing, drones, and hardware. …read more

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SK Telecom, Hyundai Motor, Hanwha, Element AI create USD 45 mln global AI fund

(Telecompaper) Element AI established a joint USD 45 million fund with Korean conglomerates SK Telecom, Hyundai Motor Company, and Hanwha Asset Management. The new fund targets the most promising sectors of commercial AI applications and infrastructure, specifically emerging AI-based technologies including autonomous vehicles, household robots, manufacturing, drones, and hardware. …read more

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Cablevision's Moltini named new Telecom Argentina CEO

(Telecompaper) Telecom Argentina has announced the appointment of current Cablevision chief executive Carlos Moltini as its new CEO. The appointment forms part of the proposed merger of the two companies announced in July but yet to receive regulatory approval. Current Telecom Argentina CEO German Vidal is stepping down immediately to take on a new role within the company, said the operator in a statement to the Buenos Aires stock exchange. …read more

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Cablevision's Moltini named new Telecom Argentina CEO

(Telecompaper) Telecom Argentina has announced the appointment of current Cablevision chief executive Carlos Moltini as its new CEO. The appointment forms part of the proposed merger of the two companies announced in July but yet to receive regulatory approval. Current Telecom Argentina CEO German Vidal is stepping down immediately to take on a new role within the company, said the operator in a statement to the Buenos Aires stock exchange. …read more

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Tricolor TV launches Territoria Tricolor satellite Wi-Fi service

(Telecompaper) Russian satellite TV operator Tricolor TV has launched its Territoria Tricolor service. The new satellite-based service enables consumers in public venues to have free Wi-Fi access to TV channels on their mobile devices without consuming any mobile data allowance. Operators of public venues will be able to organise free access to an offer of 50 Tricolor TV channels. The service is also available to owners of commercial outlets. Territoria Tricolor is available for RUB 1,500 per month for enterprise customers in the footprint of the Eutelsat 36C satellite that covers the European part of the Russian Federation. …read more

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Cisco forecasts return to revenue growth

(Telecompaper) Cisco reported revenues of USD 12.1 billion for its fiscal first quarter to October, down 2 percent from a year earlier in line with its outlook. Net income rose 3 percent to USD 2.4 billion, and EPS was up 4 percent to USD 0.48, at the low end of its forecast range. For fiscal Q2, Cisco forecast a return to revenue growth, a first in two years. …read more

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Google Fiber drops 1 Gbps service to $55/month in San Antonio, adds YouTube TV option

Google Fiber is cutting $15 from the monthly cost of its 1 Gbps fiber internet service as it launches service in San Antonio, Texas. The company is also offering its streaming YouTube TV service for free for 14 days to those who sign up—a noteworthy action considering the company last month said it would not sell its standard TV services with its Fiber launches in Louisville, Kentucky, and San Antonio. …read more

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