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South Korean conglomerate LG Electronics announced that it is significantly investing in startups focused on artificial intelligence (AI) and deep tech. The company has pledged $10 million as a key limited partner in the newly launched $130 million “Alpha Intelligence Fund (AIF)” managed by SBVA, an early-stage venture capital arm of Japan’s SoftBank Group. LG plans to accelerate its transformation into a “Smart Life Solutions” company by securing technologies for its key growth drivers, including platform-based service businesses and B2B. The company said Monday it plans to continue efforts t…

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