BMW sees new opportunities in artificial intelligence

BMW is hiring experts in machine learning and artificial intelligence as it develops the Vision Next 100 into a flagship production model due to launch in 2021. According to BMW CEO Harald Krueger says the high-speed of technological advances is giving BMW new rivals such as Tesla but also new opportunities in areas such as artificial intelligence. "Until very recently our competitors were Mercedes, Audi and Porsche," Krueger said. "Now we are looking at newcomers such as Tesla or Faraday Future -- who knew these companies 10 years ago? "It shows how our industry is changing," the CEO said Wednesday in a keynote speech in the BMW World exhibition center near the company's Munich headquarters, held on the sidelines of the Automotive News Europe Congress. Earlier this year, the German automaker announced its new strategy focusing on electric vehicles, automated driving and new services in the field of premium individual mobility. To highlight the importance of machine learning, the BMW boss gave two powerful examples. Furthermore, Krueger says BMW's Vision Next 100 self-driving concept already showcases such advances. "The companion in the Vision Next 100 car is just that: a real companion that gets to know you as a person and responds to you as an individual," Krueger said. "I firmly believe this is not a threat to us, it's much more a huge opportunity to all of us -- mobility become more versatile.