Seoul, Aug 12: Hyundai Motor said on Friday it will spend $424 million to build artificial intelligence (AI) research center in the US to bolster its edge in robotics technology, an area it cites as a key future growth driver. Hyundai Motor, Kia and Hyundai Mobis
Hyundai’s three key auto affiliates — will in- vest $211.9 million, $127.1 million, and $84.7 million, respectively, for the AI center that will be located in Boston, Hyundai’s regulatory filing showed. The institute will “invest resources across the technical areas of cognitive AI, athletic AI, and organic hardware design, with each discipline contributing to progress in advanced machine capabilities,” Hyundai said in a release on the website. The AI center tentatively named the Boston Dynamics AI Institute, will be headed by Marc Raibert, founder and former chief of Boston Dynamics, a U.S. robotics company Hyun- dai acquired last year, reports Yonhap news agency. Hyundai Motor, led by Chairman Euisun Chung, has heavily been investing in the development of automotive software and related mobility technologies, including Software, Defined Vehicles (SDVs), a concept that the vehicle’s software capability will define the quality of the car and driving.
