Foxconn Chair Young Liu says the company will spend $2B to $3B per year in AI in the next three to five years and is discussing potential investments with Japan (Reuters)
PositiveArtificial Intelligence

- Foxconn's Chair Young Liu revealed plans to invest $2-3 billion per year in AI over the next three to five years, alongside discussions for potential investments in Japan. This move underscores Foxconn's commitment to enhancing its technological capabilities in a rapidly evolving market.
- The investment in AI is crucial for Foxconn as it seeks to strengthen its position in the competitive EV sector in China, where the market is undergoing significant consolidation and transformation.
- This development reflects broader trends in the tech industry, where companies are increasingly prioritizing AI and automation, raising concerns about job displacement in sectors such as transport and logistics, which are rapidly adopting autonomous technologies.
— via World Pulse Now AI Editorial System






