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Hitachi, Fanuc, AI startup forming automation joint venture

Deep learning, edge computing will be deployed for 'smart' factory production

Fanuc is looking to give these machines "intelligence" by working together with Hitachi and AI startup Preferred Networks.

TOKYO - Hitachi, Fanuc and AI-startup Preferred Networks are creating a joint venture to develop manufacturing systems that combine artificial intelligence and edge computing technologies to achieve superior productivity.

Intelligent Edge System will be capitalized at 30 million yen ($275,000), with the three companies contributing an equal amount, the trio said Wednesday. The joint venture will be established April 2 in Yamanashi Prefecture, where industrial robot and factory automation company Fanuc is headquartered.

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