Foxconn Chairman Young Liu said the company would spend $2 billion to $3 billion a year on AI over the next three to five years and was discussing potential investments with Japan (Reuters)

Reuters:

Young Liu, chairman of Foxconn, said the company would spend $2 billion to $3 billion a year on AI over the next three to five years and was discussing potential investments with Japan.— – Foxconn will invest $2-3 billion per year in AI over the next 3-5 years – Liu — China’s electric vehicle market faces fierce competition and consolidation is expected soon – Liu

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