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Hyundai launches Boston Dynamics AI Institute to bolster advancements in AI and Robotics

Hyundai launches Boston Dynamics AI Institute to bolster advancements in AI and Robotics
Dino
Kurbegovic
2 months ago
2 mins read

Hyundai Motor Group (OTCMKTS: HYMTF) and Boston Dynamics announced today, August 12, that they’re launching the Boston Dynamics Artificial Intelligence (AI) Institute. 

Notably, one year ago, Hyundai revealed that they were acquiring a controlling stake in the US robotics firm Boston Dynamics. 

Meanwhile, the goal of the AI institute will be to make advances in AI, robotics, and intelligent machines, initially investing more than $400 million in the institute, which will be led by Marc Raibert, founder of Boston Dynamics. 

Furthermore, tackling the most difficult and challenging topics in the AI research field today should make the institute one of the main advocates and authorities on the subject. 

The mission of the future

Marc Raibert, executive director of Boston Dynamics AI Institute, among other things, said that the institute would focus on four main areas of cognitive AI, athletic AI, organic hardware design as well as ethics, and policy.

“Our mission is to create future generations of advanced robots and intelligent machines that are smarter, more agile, perceptive, and safer than anything that exists today.” 

He also added:

“The unique structure of the Institute — top talent focused on fundamental solutions with sustained funding and excellent technical support — will help us create robots that are easier to use, more productive, able to perform a wider variety of tasks, and that are safer working with people.” 

Finally, this state-of-the-art institute will be housed at Kendall Square research community in Cambridge, Massachusetts, aiming to employ the best engineers and talent in AI across all levels. 

Benefits across the board 

On July 14, Hyundai unveiled the Ioniq 6 electric vehicle (EV), with the South Korean automaker positioning itself to challenge Tesla (NASDAQ: TSLA) and other EV makers in more markets next year.

Cooperation with the best in AI and robotics could help the firm reach its goal of being the top EV manufacturer in Asia and the US. 

With the excitement around non-fungible tokens (NFTs), driven by the celebrities and corporations jumping on the bandwagon, Hyundai Motor also became the first in the automotive business to enter the community-based NFT market.

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Dino Kurbegovic
Author

Dino is an investor and technology enthusiast with years of experience in managing complex projects. At Finbold he covers stories on stocks, investing, micro and macroeconomic trends. Also, he’s also building a micro solar power plants in his hometown.

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