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Hyundai invest in the Israeli venture capital to enter futuristic markets

Hyundai wants to face upcoming market challenges relating to artificial intelligence, and autonomous vehicles. Therefore the motor company invests in the venture capital firm Pitango, which has a fund addressing the Israeli start-up scene.

The new Innovation Center, which is going to be built, targets especially strategic collaboration with Israeli local start-ups. For this purpose, the Israel’s Technion, as well as the Korea’s Advanced Institute of Science is involved.

 

Source: CTech 

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