[Photo provided by LG Electronics Inc.]
LG Electronics Inc. has added artificial intelligence specialists of the University of Toronto to its pool of brain power responsible for future competitiveness.
The Korean electronics maker said it has entered into a memorandum of understanding with the University of Toronto to collaborate on developing AI technology for enterprises. The agreement was signed during the Collision 2019, North America’s fastest-growing tech conference that is running for four days until Thursday in Toronto, Canada, this year.
Under the agreement, the two parties will work together on developing various AI technologies for corporate use including a robotic process automation solution for office works and optimizing manufacturing process.
Its partnership agreement comes at a time Canada is emerging as global hub for artificial intelligence. The University of Toronto, especially, is known for its AI specialists, led by Professor Geoffrey Hinton, one of the creators of Deep Learning, a 2019 winner of the prestigious technical Turing Award.
In August last year, LG Electronics opened a research and development center dedicated to studying AI technology in Toronto. The company said its AI research team at Toronto center will work together with the University of Toronto scientists on applying AI technology to its electronics products. Also, the company is launching a new AI research team for corporate-use solutions in July.
“The company will strive to secure a lead in AI technology and explore new business models,” said Ahn Seung-kwon, chief executive of LG Science Park, the company’s R&D hub.
By Yong Hwan-jin and Cho Jeehyun
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