[CES2020] LG Electronics-Element AI, AI Joint Research Partnership Agreement

[Las Vegas (USA) = Asia Economy Reporter Park Soyeon] LG Electronics is partnering with the Canadian AI-based software solution company 'Element AI.'

LG Electronics announced on the 4th that it will hold a business agreement ceremony with Element AI on the 5th (local time) in Las Vegas, USA.

Element AI is an AI startup founded by the company's CEO Jean-Fran?ois Gagn? along with world-renowned deep learning expert Professor Yoshua Bengio of the University of Montreal, Canada. It leads the development of AI solutions applicable to various industries such as finance, distribution, and electronics.

The two companies plan to jointly conduct research for the systematic advancement of artificial intelligence and develop various technologies that can be applied to products and services.

LG Electronics explained that the collaboration was initiated based on a shared understanding that AI, which has been mentioned countless times recently across various fields, needs a compass-like standard to further advance.

Jean-Fran?ois Gagn?, CEO of Element AI, said, "We are pleased to embark on the AI journey together with LG Electronics," adding, "As pioneers in the AI field, the two companies will jointly create technology that prioritizes user experience."

Park Il-pyung, Chief Technology Officer (President) of LG Electronics, emphasized, "Clear direction is necessary for AI to deliver greater value to customers' lives," and stated, "Through collaboration with Element AI, we will lead the systematic advancement of artificial intelligence."

President Park Il-pyung is scheduled to attend the global press conference held on the 6th at the Mandalay Bay hotel in Las Vegas and deliver a speech on the development of artificial intelligence together with Jean-Fran?ois Gagn?.

This content was produced with the assistance of AI translation services.