Seoul: Nvidia Corp., Microsoft Corp. and other global tech giants showcased their cutting-edge artificial intelligence (AI) solutions for industrial application at an AI-themed business exhibition that kicked off in Seoul on Wednesday, according to officials. The inaugural Industrial AI Expo, hosted by the Ministry of Trade, Industry and Energy, opened for a three-day run at the COEX convention center in western Seoul earlier in the day under the theme of "Integration of AI and Industries."
According to Yonhap News Agency, some 100 global and domestic tech powerhouses, also including HD Hyundai Co. and LG CNS Co., participated in the event to present their advanced AI solutions for automobile, shipbuilding, electronics, battery, and other industries. On the sidelines of the event, the Korean Agency for Technology and Standards signed a memorandum of understanding with 10 major industrial associations to cooperate in aggregating high-quality data for applying AI in the manufacturing sector.
"The government will strengthen cooperation with the private sector ... to foster distribution of AI factories and develop physical AI for significant enhancement of the manufacturing sector's competitiveness," Kang Gam-chan, director general of industrial policy at the ministry, said.