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Luxembourg is to host three research laboratories for the development of artificial intelligence (AI) after the Luxembourg House of Financial Technology (LHoFT) struck a deal with Chinese AI company DeepBlue Technology.
DeepBlue, which uses AI to provide autonomous services for retailers, will also work with the local operations of PwC and KPMG, marketing agency Farvest and ICT services company Telindus.
It will look to expand its presence in the European market and develop a new AI algorithm.
Through the agreement, the parties seeks to position Luxembourg and China at the forefront of AI R&D on a global scale.
DeepBlue, founded in 2014, has developed an AI system named quiXmart for 'smart' stores, where shoppers can make cashless and cardless purchases, using their palms to pay.
The Shanghai-based company has also signed an agreement with the Luxembourg National Laboratory to create a platform where Chinese experts can collaborate with the European manufacturing sector and partner up with Fortune 500 companies.
Learn more / En savoir plus / Mehr erfahren:
https://www.scoop.it/t/luxembourg-europe/?&tag=AI
https://www.scoop.it/t/luxembourg-europe/?&tag=LHoFT
https://www.scoop.it/t/luxembourg-europe/?&tag=Research
https://www.scoop.it/t/luxembourg-europe/?&tag=China
Luxembourg is to host three research laboratories for the development of artificial intelligence (AI) after the Luxembourg House of Financial Technology (LHoFT) struck a deal with Chinese AI company DeepBlue Technology.
DeepBlue, which uses AI to provide autonomous services for retailers, will also work with the local operations of PwC and KPMG, marketing agency Farvest and ICT services company Telindus.
It will look to expand its presence in the European market and develop a new AI algorithm.
Through the agreement, the parties seeks to position Luxembourg and China at the forefront of AI R&D on a global scale.
DeepBlue, founded in 2014, has developed an AI system named quiXmart for 'smart' stores, where shoppers can make cashless and cardless purchases, using their palms to pay.
The Shanghai-based company has also signed an agreement with the Luxembourg National Laboratory to create a platform where Chinese experts can collaborate with the European manufacturing sector and partner up with Fortune 500 companies.
Learn more / En savoir plus / Mehr erfahren:
https://www.scoop.it/t/luxembourg-europe/?&tag=AI
https://www.scoop.it/t/luxembourg-europe/?&tag=LHoFT
https://www.scoop.it/t/luxembourg-europe/?&tag=Research
https://www.scoop.it/t/luxembourg-europe/?&tag=China