Panasonic To Invest 10 Mn For AI, Machine Learning - CXOtoday.com

Panasonic just created a new 10 million budget for its new corporate shopping list in the areas of Artificial Intelligence (AI) and Machine Learning Technologies (MLT). The Japanese technology giant is looking at these two streams as the future beacon of change and development, for its handset business unit which currently faces an immensely competitive market in the country. The 10 million budget has been set aside for either creating joint-ventures with other enterprises, or perhaps even acquiring a few smaller ones. Pankaj Rana, Panasonic's head of mobility division in India, South-Asia, Middle-East, and Africa commented, "The budget is in tune of 10 million to start with and as we see progress on this front and things go in right direction, then there will be no constraint on the budget part. We can spend as high as possible. Some part of this budget has been generated from the India business, while some portion has been allocated from Japan."