Published Date : Jul 04, 2016
Panasonic India is focusing on developing its expertise in the field of artificial intelligence. A number of players in the technology sector are emphasizing on machine learning technologies and artificial intelligence. Nextbit, the U.S.-based startup firm has already started using machine building technologies and artificial intelligence in its Robin smartphone. Taking a cue, Panasonic India is looking out to acquire companies working on these technologies in the next 6-9 months. The company aims to integrate these technologies with its future smartphones. The handset manufacturer has allocated funds worth US$10 mn for developing the technology through a joint venture or a merger and acquisition.
Panasonic India Plans to Integrate Artificial Intelligence in Its Future Smartphones
According to Pankaj Rana, the head of mobility division at Panasonic, the budget of US$10 mn is an initial budget to start with and it can rise if the company sees progress on this front. While some part of the budget has been generated from the company’s India business, the remaining part has been generated from Japan. A team is planning to visit the Silicon Valley soon and the company’s new products integrated with artificial intelligence are expected to be ready by the next 9-12 months.
The company is searching for a partner to start working on its plans. Within this year, Panasonic is gearing up to launch its first smartphone integrated with the artificial intelligence. The company is focusing on the smartphone market in India and plans to interates its all future technologies based on the artificial intelligence. Apart from artificial intelligence, the technology company plants to focus on the Internet of Things.