South Korea’s LG Electronics Inc. teamed up with Silicon Valley tech startup Landing AI on applications of artificial intelligence in manufacturing and consumer products.
LG Electronics said it has entered into a strategic partnership agreement with Landing AI on Thursday (local U.S time). The agreement was signed by Park Il-pyung, president and chief technology officer of LG Electronics and Andrew Ng, chief executive and founder of Landing AI during the CES 2019 tradeshow in Las Vegas.
Under the agreement, two companies will collaborate on developing AI technology and related business models.
“AI is particularly transformative in manufacturing contexts and this partnership demonstrates our ambition not only in building revolutionary AI-powered products but also in advancing our vision for an AI-powered future,” said Ng who had co-founded Google Brain, deep learning AI research team at Google Inc. He also had led the development of Baidu`s voice assistant software DuerOS as the Chinese firm’s CTO.
“LG looks forward to collaborating with Landing AI to enhance user convenience and offer improved lifestyles for consumers through a more advanced AI technology,” said Park.
By Kim Gyu-sik and Cho Jeehyun
[ⓒ Pulse by Maeil Business Newspaper & mk.co.kr, All rights reserved]