Volkswagen Commits Over $1 Billion To Artificial Intelligence Push

Volkswagen AG (OTC:VWAGY) outlined plans to invest up to 1 billion euros (roughly $1.17 billion) in artificial intelligence by 2030, saying the technology will be central to accelerating vehicle development and strengthening industrial operations. The commitment, announced Sept. 9 at the IAA Mobility trade fair, also includes expanding high-performance IT systems as part of the group’s long-term digital strategy. The group highlighted more than 1,200 AI applications are already in use, with hund