Tech News

Hyundai Invests 400 Million Dollars in Artificial Intelligence

Hyundai Invests 400 Million Dollars in Artificial Intelligence
Hyundai Invests 400 Million Dollars in Artificial Intelligence
Advertisements

Boston Dynamics , which made a name for itself in a short time thanks to the successful robots they produced , was purchased by Hyundai for approximately 1 billion dollars . The South Korean-based automotive company, which has remained silent since the acquisition took place, finally took the offensive.

It was announced this morning that the Boston Dynamics Artificial Intelligence Institute will be established to improve the company’s work in the field of robotics . Boston Dynamics, headquartered in Cambridge, will work on new projects in both robotics and artificial intelligence , thanks to Hyundai’s investments.

Advertisements

Hyundai Invests 400 Million Dollars in Artificial Intelligence

Advertisements

400 Million Dollars Investment from Hyundai in Artificial Intelligence and Robotics!

Known mostly for being an automotive company, Hyundai ‘s attempt to acquire Boston Dynamics in 2020 confused many. Other than the commercialization of the company’s robot dog Spot and the release of science fiction demos at the CES event, Hyundai’s influence has not been seen in the past years. But the company, which wanted to change this situation, allocated more than $ 400 million for the establishment of the artificial intelligence institute .

In recent years, some brands in the automotive industry have been increasing their investments in robotics and artificial intelligence. Ford , the famous automobile brand of America, has its own robotics research facility , which it has established in cooperation with the University of Michigan, similar to Hyundai . After the announcement of its new facility, Hyundai, which opened many job postings around the world, is waiting for researchers, engineers and technicians specializing in robotics to its new artificial intelligence institute.

Advertisements

You may also like

Comments are closed.

More in:Tech News