HYUNDAI ELEVATOR GOING BIG ON AI, IoT, ROBOTICS
With a memorandum of understanding with South Korea telecom giant KT Corp. signed on November 27, the country’s Hyundai Elevator will adopt artificial intelligence (AI) and Internet of Things (IoT) technology to enhance its vertical-transportation and robotics offerings, Pulse reports. The companies plan to connect elevators with smart devices and service robots, develop monitors for in-elevator advertising and develop new predictive-maintenance offerings. Hyundai Elevator plans to build a factory run by AI and IoT technology on a 150,614-m2 site in Chungju, South Korea, and previously partnered with the operator of a major South Korean food-delivery app to develop delivery robots that interact with lifts.