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Panasonic aims for 1,000 AI engineers within 5 years

Electronics giant banks on new technology to revive sales

Yoshiyuki Miyabe, director of Panasonic's new business innovation division, explaining the company's research and development strategy.

OSAKA -- Panasonic will focus its research and development on artificial intelligence and the "internet of things" to drive growth in hopes of reversing the decline in group sales.

The company plans a tenfold increase of AI-related engineers from the 100 currently employed within five years, executives announced at a news conference Wednesday outlining the strategy.

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