LG partners with University of Toronto to launch AI research lab

LG is the second South Korean giant to set up shop in Toronto

LG's new AI Research Lab at the University of Toronto

LG is launching a new artificial intelligence research lab in Toronto, the South Korean tech giant announced on Wednesday morning.

Part of a five-year, multimillion dollar partnership with the University of Toronto, the initiative will see LG employ “several dozen” individuals focused on furthering the company’s open platform, open partnership and open connectivity AI strategy.

In an interview with Bloomberg, I.P. Park, chief technology officer at LG, said the company picked Toronto because it’s “pioneering in the area of deep learning.” Of course, LG isn’t the first South Korean firm to open up shop in Toronto. Earlier this year, Samsung launched its own AI research centre across the street at the MaRS Discovery District.

“AI will ultimately touch everybody’s lives, transforming the way we live, work and play,” said Park, in an August 1st press release issued by LG. “Early implementations of AI in connected devices today are setting the stage for tomorrow’s smart cities, smart homes, smart businesses and smart devices, all with capabilities that no one has even dreamed of yet.”

Source: LG Via: Bloomberg