Games & Commerce
Kurly to acquire AI firm 1Z Labs to speed up AX
Kurly is acquiring artificial intelligence solutions company 1Z Labs through a small share swap to strengthen its AI-driven competitiveness, it said in a filing on Sunday. The swap ratio is 1 to 1.8437990, and Kurly will issue 453,518 new common shares. The exchange date is Aug. 4, after which 1Z Labs will become Kurly’s wholly owned subsidiary. Kurly is pursuing company-wide AX and has named 1Z Labs CEO Kwak Keun-bong to head its AX Center.
