Hyundai Motor has announced it will spend $424 million to build artificial intelligence (AI) research center in the US. The center aims to bolster the company’s edge in robotics technology.
Hyundai’s three key auto affiliates, viz. Hyundai Mobis, Kia, and Hyundai Motor will invest $127.1 million, $84.7 million, and $211.9 million, respectively, for the AI center. The center will be located in Boston.
The company will invest its resources across the technical areas of athletic AI, cognitive AI, and organic hardware design. According to the company, each of these disciplines will contribute to the progress in advanced machine capabilities.
The AI center is tentatively named as the Boston Dynamics AI Institute. It will be headed by Marc Raibert, former chief and founder of Boston Dynamics, which is a US-based robotics company Hyundai acquired last year.
Chairman of Hyundai Motor, Euisun Chung, has been investing heavily in developing automotive software and related mobility technologies. This includes Software Defined Vehicles (SDVs), which is a concept that the software capability of the vehicle will define the quality of the car and driving.
Hyundai said it would also establish a new software center in South Korea to accelerate expansion into electrification, self-driving, and other advanced auto technologies. As part of the plan, Hyundai has recently acquired a Seoul-based autonomous driving software and mobility platform startup, 42dot, for $211.1 million.