LG Electronics to Heavily Invest on Artificial Intelligence and The Internet of Things

South Korean Conglomerate LG Electronics announced that it will heavily invest in robot technology and artificial technology according to a report by Reuters Sunday. LG, Samsung's rival, is seeking to take advantage of recent advances in artificial intelligence which have the potential of creating sophisticated machines that can perform mundane everyday human tasks. LG, in a statement, said that its appliances division is preparing to enter the robotics industry, like Apple, Google, and Samsung, to create products which can integrate with their appliances products such as refrigerators, washers and air conditioning units. "We will prepare for the future by aggressively investing in smart home, robots and key components and strengthen the home appliances business's capabilities," said Jo Seung-jin, head of LG's appliances business, in the statement. Advances in artificial intelligence and wireless communications are making it possible for machines that are wifi-enabled to exchange information with each other and perform independent tasks.