SK Hynix has appointed SK Group Chairman Chey Tae-won as Chairman of the Board of Directors of Hyaico Corp., a U.S.-based artificial intelligence investment firm, to oversee up to $10 billion in investments in the U.S. AI industry. According to filings submitted by the company to the U.S. Securities and Exchange Commission (SEC), the firm previously announced its plans in January under the provisional name AI Co., with SK Hynix President Song Hyun-jong serving as CEO of Hyaico.