Bosch intends to invest some €300 million in AI research by 2021.Jörn Brien
Researchers have been working on artificial intelligence (AI) since the 1950s. Increasing automation and networking, not least in private homes, passenger cars and industrial manufacturing, have given a powerful boost to machine learning. Industrial companies are now turning intensively to AI, including Bosch, the world's largest automotive supplier and IT specialist in industry.
Bosch has announced that it will invest some €300 million in AI research by 2021. The corresponding facilities began operations in three locations in Germany, the United States and India at the start of 2017, the technology firm reports, with 100 IT experts working on developing the necessary software to equip products with AI. In ten years, according to Bosch CEO Volkmar Denner, hardly any of the company's products will be imaginable without artificial intelligence. Products with artificial intelligence should make up ten percent of Bosch's sales within five years, he shares in a press release on the endeavor .
"Bosch is currently in the midst of the biggest transformation process of the company's history. Whether in industries, markets or technologies – Bosch is actively shaping this change," says Denner. Last year the Bosch group increased its revenue by 3.5 percent to €73.1 billion. Investments in research and development, in particular for networking via the Internet of Things and the shift to electromobility, were raised to €6.6 billion in 2016.