Shares of LG CNS (KRX:064400) declined nearly 5% in Tuesday morning trade following reports that the company established the Future Robotics Lab, a specialized robotics research center, to enter the physical AI market and develop core robotics technologies.
According to a Pulse News report on Monday, the lab will focus on intelligent hardware, simulations, and industrial AI platforms for use in logistics, factories, and smart cities.
LG CNS also introduced a robot AI platform for enterprises and rebranded its robotics service team as the RX Innovation Team to expand global AI robot services.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.