Shafaqna English– Foxconn plans to allocate between $2 billion and $3 billion annually towards AI development, according to the leader of the largest contract electronics manufacturer in the world.
Chairman Young Liu of Foxconn indicated that he anticipates a consolidation in China’s saturated electric-vehicle sector “soon” and mentioned that the company is in discussions with the Japanese government regarding potential investments in artificial intelligence and electric vehicles.
Source: Reuters