Notably, one year ago, Hyundai revealed that they were acquiring a controlling stake in the US robotics firm Boston Dynamics. Meanwhile, the goal of the AI institute will be to make advances in AI, robotics, and intelligent machines, initially investing more than $400 million in the institute, which will be led by Marc Raibert, founder of Boston Dynamics. Furthermore, tackling the most difficult and challenging topics in the AI research field today should make the institute one of the main advocates and authorities on the subject.
The mission of the future
Marc Raibert, executive director of Boston Dynamics AI Institute, among other things, said that the institute would focus on four main areas of cognitive AI, athletic AI, organic hardware design as well as ethics, and policy. He also added: Finally, this state-of-the-art institute will be housed at Kendall Square research community in Cambridge, Massachusetts, aiming to employ the best engineers and talent in AI across all levels.
Benefits across the board
On July 14, Hyundai unveiled the Ioniq 6 electric vehicle (EV), with the South Korean automaker positioning itself to challenge Tesla (NASDAQ: TSLA) and other EV makers in more markets next year. Cooperation with the best in AI and robotics could help the firm reach its goal of being the top EV manufacturer in Asia and the US. With the excitement around non-fungible tokens (NFTs), driven by the celebrities and corporations jumping on the bandwagon, Hyundai Motor also became the first in the automotive business to enter the community-based NFT market. Buy stocks now with Interactive Brokers – the most advanced investment platform Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
