Hyundai will spend $424 million to build an AI research center in the United States

SEOUL: Hyundai Motor on Friday said it will spend $424 million to build an artificial intelligence (AI) research center in the United States to strengthen its lead in robotics technology, an area it cites as a key future growth engine.

Hyundai Motor, Kia and Hyundai Mobis – Hyundai’s three main automotive affiliates – will invest $211.9 million, $127.1 million and $84.7 million respectively for the artificial intelligence center to be located in Boston , according to Hyundai’s regulatory filing.

The institute “will invest resources in the technical areas of cognitive AI, sports AI and organic material design, with each discipline contributing to the advancement of advanced machine capabilities,” Hyundai said in a statement posted on the website.

The AI ​​center, tentatively named the Boston Dynamics AI Institute, will be led by Marc Raibert, founder and former head of Boston Dynamics, an American robotics company that Hyundai acquired last year, Yonhap news agency reports.

Hyundai Motor, led by Chairman Euisun Chung, has invested heavily in the development of automotive software and related mobility technologies, including Software Defined Vehicles (SDV), a concept in which the software capability of the vehicle will define the quality of the car and driving.

In a separate announcement, Hyundai said it would also establish a new software center in South Korea in a bid to accelerate expansion efforts into autonomous driving, electrification and other advanced automotive technologies.

As part of the plan, Hyundai said it recently acquired 42dot, a Seoul-based self-driving software and mobility platform startup, for 274.6 billion won ($211.1 million).

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