Panasonic To Invest Mn For Artificial Intelligence, Machine Learning

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…


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