Volkswagen Plans to Streamline Production and Reduce Costs by Investing Up to € 1 Billion in Artificial Intelligence (AI) by 2030. VW Announced this on Tuesday at the IAA Mobility Show in Munich, Europe’s Largest Auto Show.
Accordance to the plans, The Money Will Be Invested in AI-Driven Vehicle Development, Industrial Applications and High-Performance IT Infrastructure. “With artificial intelligence, we are the next step to Become the World’s Leading Automotive Technology Player,” Said Hauke Stars, Board Member of the Wolfsburg-based Volkswagen Group. “AI is our key to more speed, quality and competitiveness, through the entire value chain, from vehicle development to production.”
Stars Expects The Investments to Pay Off Within Ten Years and Predicts “Efficiency Gains and Cost Savings” or Up to € 4 Billion by 2035.