Hyundai Backs Start-Up to Bring Deep Learning to Autonomous Cars

Seoul: Aiming to bring deep learning (DL) technology to autonomous cars, Hyundai Center for Robotic-Augmented Design in Living Experience (CRADLE) on Tuesday announced a strategic investment in Israel-based start-up allegro.ai that specializes in DL-based computer vision. “Deep learning computer vision is one of the core technologies that can be applied to autonomous driving to navigate roads and make quick decisions in real-time and allegro.ai is clearly an innovation leader in that field,” Ruby Chen, Head of Investment at Hyundai CRADLE Tel Aviv, said in a statement. The start-up’s platform simplifies the process of developing and managing deep learning-powered solutions such as autonomous vehicles, drones, security, and logistics among others. “Our investment in allegro.ai is a further step in enhancing our presence in the Israeli market, a global leader of technological innovation in the fields of automation, AI and DL,” he added. (IANS)

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