Volkswagen Group to invest up to €1bn in AI by 2030

Volkswagen (VW) Group has unveiled a substantial investment plan, committing up to €1bn ($1.17bn) towards the AI expansion by 2030, at the IAA Mobility trade fair in Munich, Germany. The initiative highlights the company's focus on AI for vehicle development, industrial applications, and the enhancement of IT infrastructure. The company’s goal is to deliver vehicles and other innovations more quickly to customers. By leveraging AI throughout its operations, the company expects to realise efficiency gain ...