Panasonic may buy artificial intelligence companies for mobile technology

The handset vendor has already set aside an initial corpus of $10 million for the development of this technology through a merger and acquisition or a joint venture.NEW DELHI: Panasonic India is scouting for companies to acquire in the next 6-9 months to develop artificial intelligence (AI) and Machine learning technologies, which it wants to integrate with its future smartphones to differentiate from rival vendors in the crowded yet fast growing market.The handset vendor has already set aside an initial corpus of $10 million for the development of this technology through a merger and acquisition or a joint venture.”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…


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