Hyundai backs start-up to bring deep learning to autonomous cars

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 specialises 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.

TRENDING NOW

Communication, cooperation are key to overcoming climate challenges: Mansour bin Zayed

Sam Altman's Q* Project and WorldCoin: Evaluating the potential threat to humanity

South Korea launches its first spy satellite after rival North Korea does the same

GST collection rises to Rs 1.67,929 lakh crore in November, records highest growth rate of 15% Y-o-Y

Ruling alliance will win 45 Lok Sabha seats in Maharashtra: CM Shinde

With more than 5% move in November, Nifty index looks to be 13% overvalued

Bengaluru Tech Summit 2023 an 'unprecedented success': Karnataka Minister Priyank Kharge

Brand Retention | 82% of existing Lava users likely to purchase next smartphone from same brand: Report

Poco M6 Pro 5G's new variant launched at Rs 12,999 - Check details

D-Street Newsmakers: Flair Writing, New India Assurance, Ashok Leyland among 10 stocks that hogged limelight today

Mizoram assembly polls: Counting of votes deferred by a day to Monday

Protect your WhatsApp chats using secret code - Here's how

Assembly Poll Results 2023: How to check election result on mobile using Voter Helpline app | Step-by-Step Guide

Nothing Phone (2) price drop alert! Get flat Rs 5,000 discount - Check details

Salasar Techno Engineering secures power infrastructure project in Tamil Nadu

"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. The partnership is expected to speed up deployment of AI technology in the car-making major`s many business areas.

Watch This Zee Busienss Video Here:

"We are proud to partner with Hyundai and share Hyundai`s belief that AI empowers the industry to provide greater road safety, autonomy, to better understand customers` needs and to help broaden their experiences," said Nir Bar-lev, CEO and Co-founder of allegro.ai. Founded in 2016, allegro.ai offers the first end-to-end DL lifecycle management solution focused on DL as it applies to computer vision.