LG Group to Invest $74.4 Billion Over Next 5 Years, Including in AI-driven Service Robots
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LG Group, South Korea's fourth-largest conglomerate, has announced plans to invest $74.4 billion over the next five years. The investment will focus on future technologies such as artificial intelligence, clean technology, batteries, auto parts, and next-generation displays. LG Group aims to remain competitive by allocating half of the investment to these growth fields. The breakdown of the investment by affiliate companies, including LG Electronics, LG Chem, and LG Energy Solution, was not immediately provided .
This significant investment aligns with LG Electronics' recent move to invest $60 million in Bear Robotics, a US startup specializing in AI-driven autonomous service robots. LG Electronics aims to expand its presence in the global service robotics market, which is projected to gr...
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