Panasonic intends to invest $ 150 million into the development of AI

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Panasonic intends to invest $ 150 million into the development of AI

23.09.2020 News

Panasonic has announced plans to invest $ 150 million in machine learning technology and artificial intelligence systems based on neural networks.

The Japanese electronics manufacturer plans to invest part of the funds allocated under the venture fund Conductive Ventures II in promising developers of software and equipment for various industries, incl. autopilot, finance, digital healthcare, the future of labor, commerce, manufacturing technology and more.

At the moment, Google, Facebook, Baidu, ABBYY, Cognitive Technologies and other companies are actively working and conducting research in the field of artificial intelligence. The field of application of neural networks is quite diverse – these are text recognition and human language comprehension, semantic search, computer vision, big data analytics, robotics, expert systems, linguistics and much more.

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