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Foxconn

Foxconn to plug at least $340M into AI R&D over five years

[ad_1] Manufacturing giant Foxconn has said it will make a major investment in artificial intelligence-based R&D as it looks for new business growth opportunities in a cooling global smartphone market, Nikkei reports. “We will at least invest some 10 billion New Taiwan dollars ($342M) over five years...

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Andrew Ng’s Landing.ai wants to bring artificial intelligence to the manufacturing industry, starting with Foxconn

[ad_1] AI pioneer Andrew Ng is probably best known for his work on the Google Brain project and for leading Baidu’s AI group (and his machine learning course on Coursera). After leaving Baidu earlier this year, it wasn’t quite clear what exactly Ng was up...

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Self-driving cars might get their own lane on Interstate 94

[ad_1] Self-driving vehicles may get their very own lanes along a stretch of the bustling Interstate 94 in Wisconsin. Wisconsin transportation officials are considering the futuristic option because the electronics manufacturing giant Foxconn — whose Chinese factory produces up to half a million iPhones a day...

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Didi, WeWork, and possibly Uber? SoftBank’s top 10 deals this year

[ad_1] Up until about June last year, it had been Masayoshi Son’s plan to retire as SoftBank’s CEO when he turned 60 – which would have been last month. But in June 2016, everything changed. SoftBank’s president Nikesh Arora, who already stood by as Son’s successor,...

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Alibaba debuts ‘smile to pay’ facial recognition payments at KFC in China

[ad_1] China is streets ahead when it comes to digital payments. The latest leap is facial recognition technology that allows a customer to pay by literally flashing a smile. Alibaba’s Ant Financial affiliate launched the ‘smile to pay’ service in Huangzhou, the location of the company’s...

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Viu gets $110m backing for Asia’s streaming war

[ad_1] K-drama “Descendants of the Sun” is one of Southeast Asia’s most popular TV shows. Foxconn’s venture capital arm, Singaporean state fund Temasek Holdings, and Chinese private equity firm Hony Capital have made a strategic investment in the company behind video streaming service Viu. Foxconn Ventures, Hony,...

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