Monday, Oct 2, 2023
English News
  • Hyderabad
  • Telangana
  • AP News
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • Rewind
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Education Today
    • Reviews
    • Property
    • Videos
    • Lifestyle
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
Home | Tech | Lg Group To Spend Over 100 Million For Advanced Ai Tech Development

LG Group to spend over $100 million for advanced AI tech development

LG AI Research, the group's AI R&D hub, plans to develop a "hyper-mega AI" system resembling a human brain that can conduct comprehensive and independent learning, decision-making and actions by processing massive amounts of data.

By IANS
Published Date - 12:03 PM, Mon - 17 May 21
LG Group to spend over $100 million for advanced AI tech development
whatsapp facebook twitter telegram

Seoul: LG Group said on Monday it will invest more than $100 million for the next three years to establish massive high-performance computing infrastructure for advanced artificial intelligence (AI) development.

LG AI Research, the group’s AI R&D hub, plans to develop a “hyper-mega AI” system resembling a human brain that can conduct comprehensive and independent learning, decision-making and actions by processing massive amounts of data.

To set up such an AI system, LG will establish top-class computing infrastructure that can perform 95.7 quadrillion calculations per second.

In the second half of the year, LG plans to unveil its hyper-mega AI system that has 600 billion machine learning parameters, more than triple of that of GPT-3, currently the world’s largest autoregressive language model created by U.S.-based OpenAI.

Parameters play a similar role as synapses in the human brain that connects neurons to learn and memorise information. Bigger parameters mean better AI intelligence, reports Yonhap news agency.

While GPT-3 can create essays and have conversations like humans, LG said its advanced AI system will be able to not only learn languages but also understand images and videos with enhanced data inference capabilities.

LG AI Research, which is joined by 16 group affiliates, including LG Electronics Inc., also plans to develop an AI model with trillion-scale parameters by the first half of 2022.

LG believes its advanced AI system will be useful in various areas from customer counselling to production development. The group is also pushing to develop an AI model that can perform sales activities related to B2B customers.

The conglomerate, which also owns the country’s top chemical firm LG Chem Ltd., plans to utilise its AI system to find new materials in the field of batteries and light-emitting compounds.

It expects the AI model to analyse massive amounts of chemical studies and patents and set up a comprehensive database for new materials, which can lead to development of better electric vehicle batteries and highly efficient TV displays.

The group said it also plans to apply its AI solutions to development of cancer treatment vaccines and environment friendly plastics.

Telangana Today Whatsapp
  • Follow Us :
  • Tags
  • AI
  • artificial Intelligence
  • computing
  • LG Group

Related News

  • Soon, Financial Services course for engineering students in Telangana

    Soon, Financial Services course for engineering students in Telangana

  • Malicious ads exploiting Microsoft’s Bing Chat responses, warns cybersecurity report

    Malicious ads exploiting Microsoft’s Bing Chat responses, warns cybersecurity report

  • Apple to hire more people in UK to work on AI: Tim Cook

    Apple to hire more people in UK to work on AI: Tim Cook

  • Newsrooms worldwide now leverage generative AI for global workflow optimisation

    Newsrooms worldwide now leverage generative AI for global workflow optimisation

  • Google opens generative AI search experience to teens

    Google opens generative AI search experience to teens

  • Tesla Optimus Humanoid Robot – Latest Updates

    Tesla Optimus Humanoid Robot – Latest Updates

Latest News

  • Break ‘silence’ on deaths in Maharashtra hospital: Congress asks PM Modi

    37 seconds ago
  • BJP must give 33 pc tickets to women in 2024 Lok Sabha polls, says VBA’s Ambedkar

    7 mins ago
  • DG NCC calls on LG Ladakh; discusses expansion, other issues

    10 mins ago
  • Man ends life by jumping into lake in Nagpur

    12 mins ago
  • We have second largest road network in world: Nitin Gadkari

    15 mins ago
  • Train to Siddipet, a dream come true

    21 mins ago
  • Assam CM Sarma refers to Op Bluestar, mocks Rahul Gandhi’s visit to Golden Temple

    36 mins ago
  • Four-year-old electrocuted in supermarket in Nizamabad

    1 hour ago

company

  • Home
  • About Us
  • Contact Us

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

© Copyrights 2022 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam