LG is opening a new artificial intelligence research lab in Toronto later this year, as the company looks to beat rivals such as fellow South Korean tech giant Samsung, Google, Facebook, Amazon and Apple.
The company is also entering into a five-year partnership with the University of Toronto -- itself a leading AI research hub -- to advance deep-learning and machine-learning research and allow LG to use this technology in its products.
The lab will serve as an extension to LG's current research base in Silicon Valley, and will employ "several dozen people," according to Bloomberg, under the terms of LG's aforementioned partnership with the University of Toronto.
Toronto has been called an "artificial intelligence powerhouse," with many companies having operations there, including Google, which has a Google Brain team situated in the city, and Samsung, which has an AI center there. Toronto is also home to a thriving AI-focused startup scene, including Integrate.ai which raised a massive $5 million seed round in February 2017.
University of Toronto President Meric Gertler (left) and LG Electronics President and Chief Technology Officer Dr. I.P. Park (right). (Image: LG)
"AI will ultimately touch everybody's lives, transforming the way we live, work and play," said LG Electronics President and Chief Technology Officer Dr. I.P. Park in a statement. "Early implementations of AI in connected devices today are setting the stage for tomorrow's smart cities, smart homes, smart businesses and smart devices, all with capabilities that no one has even dreamed of yet."
University of Toronto President Meric Gertler, meanwhile, said: "The University of Toronto looks forward to partnering with an innovative global company like LG as our researchers continue to advance the boundaries of artificial intelligence. The presence of such leading, multi-national firms in our innovation ecosystem strengthens opportunities for our faculty, students and startup companies across a whole range of disciplines."