Foxconn to invest USD 340 mln for AI apps at manufacturing sites

Monday 5 February 2018 | 18:58 CET | News
iPhone assembler Hon Hai Precision Industry (Foxconn) plans to invest USD 342 million in artificial intelligence applications, Nikkei reports, citing company chairman Terry Gou. "We will at least invest some 10 billion New Taiwan dollars (USD 342 million) over five years to recruit top talent and deploy artificial intelligence applications in all the manufacturing sites," Gou said. "It's likely that we could even pour in some USD 10 billion or more if we find the deployments are very successful or can really generate results", Gou added.

According to Gou, Foxconn plans to hire up to 100 top AI experts globally, as well as open up thousands of jobs for young talents who develop applications using machine learning and deep learning techniques. Foxconn is already searching globally for sensors that can be built into production line equipment to better sense, capture and process data, Gou said. "We will become a global innovative AI platform rather than just a manufacturing company", Gou added.

According to Gou, Foxconn plans to partner with Andrew Ng and use the services brought by Ng's new company Landing.ai to transform the manufacturing process, as well as identify and predict defects.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

::: add a comment