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Hyundai Signs On With Israeli Tech Institute On Self-Driving, Artificial Intelligence
Hyundai Motor has signed a memorandum of understanding with Technion, an Israeli institute of technology, to jointly develop artificial intelligence and technologies for autonomous driving.
The joint project also includes a plan to support budding enterprises in Israel and use their ideas to devise new market platform aimed at realizing innovative mobility.
South Korea’s Korea Advanced Institute of Science and Technology also joins the project, the company said.
Hyundai Motor‘s cooperation with the Israeli technology institute comes from the carmaker’s recognition of the Middle East nation’s strength in nurturing innovative startups.
Hyundai Motor heir Vice Chairman Chung Eui-sun has paid a keen interest in Israeli startups, according to the carmaker. He visited Mobileye in May to seek business opportunities with the firm, according to Hyundai. The partnership with Technion is also part of Chung’s idea to seek technological development through startups there.
Established by a group of scientists that included Albert Einstein in 1912, Technion has taken a leading role in Israel’s drive to nurturing creative ideas and supporting budding entrepreneurship. More than 60 percent of Technion graduates work for startup companies and more than 50 percent of CEOs in Israeli companies are alumni of the college, the company said in a statement.
Hyundai Signs On With Israeli Tech Institute On Self-Driving, Artificial Intelligence
Hyundai Motor has signed a memorandum of understanding with Technion, an Israeli institute of technology, to jointly develop artificial intelligence and technologies for autonomous driving.
The joint project also includes a plan to support budding enterprises in Israel and use their ideas to devise new market platform aimed at realizing innovative mobility.
South Korea’s Korea Advanced Institute of Science and Technology also joins the project, the company said.
Hyundai Motor‘s cooperation with the Israeli technology institute comes from the carmaker’s recognition of the Middle East nation’s strength in nurturing innovative startups.
Hyundai Motor heir Vice Chairman Chung Eui-sun has paid a keen interest in Israeli startups, according to the carmaker. He visited Mobileye in May to seek business opportunities with the firm, according to Hyundai. The partnership with Technion is also part of Chung’s idea to seek technological development through startups there.
Established by a group of scientists that included Albert Einstein in 1912, Technion has taken a leading role in Israel’s drive to nurturing creative ideas and supporting budding entrepreneurship. More than 60 percent of Technion graduates work for startup companies and more than 50 percent of CEOs in Israeli companies are alumni of the college, the company said in a statement.