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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.

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Categories: IT / Mobile & Wireless
Companies: Foxconn / Hon Hai Precision Industry
Countries: World
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