Volkswagen intensifies the search for implementing possible AI solutions

1/31/2024, 7:00 PM

In the pursuit of new ideas for artificial intelligence, the corporation is founding its own company for artificial intelligence. The "AI Lab" is intended to serve as an incubator for discovering innovations at an early stage.

Eulerpool News Jan 31, 2024, 7:00 PM

Volkswagen AG sees great potential in Artificial Intelligence (AI) and has founded its own company to explore innovations in this area. The newly established "AI Lab" serves as an incubator for this search, reports the news agency Reuters on Wednesday.

The corporation is thereby aiming for a closer cooperation with technology companies and is planning a simplification of this collaboration, emphasizes VW Group CEO Oliver Blume. However, details on the initial projects remain confidential for the time being.

The new company should not act as just another development team, but rather identify promising ideas and collaborations to be pursued by the various brands of the group. In the medium term, a low double-digit number of employees is expected to ensure the company's flexibility.

AI Experts Enthused by Automaker's Decision as Artificial Intelligence Development Proceeds Much Faster and is Subject to Less Stringent Regulations Than Other Technology Sectors Within the Corporation.

According to insiders, the traditional approach of a corporation is inappropriate for success in the field of Artificial Intelligence. Volkswagen identifies potential applications of AI technologies such as speech recognition.

Recently, the automaker announced at the CES tech fair that ChatGTP will be integrated into its vehicles. Other applications for Artificial Intelligence include optimized charging cycles for electric cars or predicting maintenance needs.

The founding of the "AI Lab" demonstrates that Volkswagen is deeply engaged with the future of automotive and technology development and is investing in it. The group focuses on innovative solutions and aims for integrated use of Artificial Intelligence, ranging from the vehicles to production.

With this decision, Volkswagen aims to maintain a leading role in the automotive industry and strengthen its position further through close collaboration with technology companies.

Discover undervalued stocks with Eulerpool.

News