Hyundai will spend $424 million to build an AI research center in the US

Hyundai Motor, Kia and Hyundai Mobis — Hyundai’s three major auto affiliates — will invest $211.9 million, $127.1 million and $84.7 million, respectively, for the AI ​​center based in Boston, Hyundai’s regulatory filings have shown.

Hyundai will invest resources in the technical areas of cognitive AI, athletic AI and organic hardware design, each discipline contributing to advances in advanced machine capabilities, Hyundai said in a release on the website.

As reported by Yonhap news agency, the AI ​​center, tentatively named Boston Dynamics AI Institute, will be headed by Mark Raibert, founder and former head of Boston Dynamics, which acquired American robotics company Hyundai last year.

Hyundai Motor, led by Chairman Yuisun Chung, is investing heavily in the development of automotive software and related mobility technologies, including software defined vehicles (SDVs), a concept that the software capability of a vehicle defines the quality of the car and driving. Will do

In a separate announcement, Hyundai said it would also set up a new software center in South Korea in an effort to accelerate efforts toward expansion into self-driving, electrification and other advanced auto technologies.

As part of the plan, Hyundai said it recently acquired 42dot, a Seoul-based autonomous driving software and mobility platform startup, for 274.6 billion won ($211.1 million).

Disclaimer: This story is auto-aggregated by a computer program and is not created or edited by FreshersLIVE.Publisher : IANS-media

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