Foxconn's Terry Gou pushes 'industrial AI' in Silicon Valley

Hon Hai Precision Industry, also known as Foxconn Technology Group, has set up a new artificial intelligence company in California's Silicon Valley to improve its AI-based industrial internet capabilities. The new company hopes to hire about 100 AI professionals from the area. "The Bay Area has been a high-tech innovation hub. It is the home to the best AI and data science talent in America," Chairman Terry Gou said in opening remarks for a talk on AI-enabled manufacturing at Stanford University on Friday. Gou has been traveling in the U.S. after breaking ground on a manufacturing complex in the state of Wisconsin on June 28.