LG said these new technologies will be applied to the firm’s existing technology portfolio
Korean company LG Electronics announced the establishment of two new research centers that will focus on developing technologies for key internet of things technologies artificial intelligence (AI) and robotics, according to local press reports.
The electronics company said that the creation of these two new units will allow the company to be in a good position ahead of the fourth industrial revolution.
The AI research unit will focus on developing big data-based technologies and software platforms through voice or image sensors. The outcome will then be incorporated into the firm’s other hardware businesses — including smartphones, TVs, and a series of home appliances and robots, LG said.
LG’s new advanced robot research unit plans to develop core technologies ahead of the era of intelligent robots.
“The two research centers will cooperate with the company’s H&A Smart Solution Business Division and other cloud centers to develop a new growth engine for the future, such as AI-based home appliances and robots,” LG said in a press release.
The company also announced plans to will hire more specialists in the AI-related sectors within the company.
“We will graft key technologies in the fourth industrial revolution such as AI, big data and IoT onto existing businesses to transform them to become new business paradigms,” said Ahn Seung-kwon, Chief Technology Officer at LG Electronics.
South Korea to invest $1.3 billion in AI, autonomous driving technologies and IoT
In related news, The South Korean government announced plans to spend KRW 1.52 trillion ($ 1.33 billion) in 2018 on research and development (R&D) in areas including artificial intelligence (AI), autonomous driving technology and the internet of things (IoT), The Korea Times reports, citing a statement for government authorities.
Additionally, around KRW 932 billion will be invested into creating more R&D jobs. According to the Ministry of Science, ICT and Future Planning, the government’s R&D plan includes five categories, namely basic science, key technology, generic technology, fusion technology, as well as law and policy.
