LG Joins Growing List of Tech Firms Entering Toronto’s AI Scene
- Consumer electronics giant to launch a research lab in Toronto
- Canada’s location to act as an extention of LG Silicon Valley
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LG Electronics Inc., which has been integrating artificial-intelligence functions into its home appliances and smartphones, is launching its first Canadian AI lab, the latest company seeking talent in the country’s burgeoning tech industry.
The Seoul-based company, part of the LG Corp. conglomerate, plans to open a research lab this fall in central Toronto, Chief Technology Officer I.P. Park said in a phone interview. The venture will employ “several dozen” people and includes a five-year, multimillion-dollar partnership with the University of Toronto. Park declined to be more precise about how much LG is investing.