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South Korea's Naver buying Xerox AI lab

French facility seen providing an edge in internet services

Naver's corporate headquarters in Seongnam, South Korea

SEOUL -- South Korean internet group Naver is acquiring Xerox's artificial intelligence lab in France for an undisclosed amount, aiming to improve existing services and branch out into new operations.  

Naver will take over Xerox Research Centre Europe by the end of the year. The staff of roughly 80 are expected to retain their jobs. Xerox is pulling out of the site in Grenoble and concentrating its research labs in Canada and elsewhere.

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