GIST-LG Electronics Sign AI Partnership Agreement

[Asia Economy Reporter Changhwan Lee] GIST (Gwangju Institute of Science and Technology) Artificial Intelligence Research Center and LG Electronics Artificial Intelligence Research Center announced on the morning of the 30th that they signed a mutual Memorandum of Understanding (MoU) for industry-academia cooperation and research and development in the field of artificial intelligence (AI) at LG Electronics Seocho R&D Campus.

GIST and LG Electronics plan to promote the advancement of national science and technology and enhance the research capabilities of both institutions through AI-centered technological cooperation.

The main contents of the agreement include ▲ joint cooperation in the project to create an AI-centered industrial convergence cluster in Gwangju Metropolitan City ▲ joint participation in the AI-based startup support competition ‘Kkumkkuneun Ai (AI)’ ▲ promotion and proposals for the use of LG Electronics’ AI platform targeting startup companies within the cluster.

Through this agreement, LG Electronics will jointly participate with GIST in the country’s largest ‘Kkumkkuneun Ai (AI)’ competition, conducting preliminaries and finals together for selected categories in three specialized fields (healthcare, automotive, energy). The final winners of the tournament for each selected category will receive prize money along with a certificate from LG Electronics.

Jumin Kim, head of LG Electronics Artificial Intelligence Research Center, said, “Through this agreement, we will share the ThinQ platform, which contains LG Electronics’ accumulated AI technology know-how, with prospective entrepreneurs in the Gwangju AI cluster, and at the same time, we will work together to create new customer value using AI in various fields.”

Starting in earnest from October, ‘Kkumkkuneun Ai (AI)’ will be conducted as a competition based on demonstrations of specialized AI categories selected through a demand survey of AI specialized companies, with a total prize of approximately 234 million KRW, making it the largest competition in the country.

Jongwon Kim, head of GIST Artificial Intelligence Research Center, said, “This MoU is expected to play a positive role in the startup sector of the Gwangju AI cluster creation project.”

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