The Seoul-based conglomerate, LG acquires an additional 30 percent stake in Bear Robotics, the Silicon Valley-based AI-driven autonomous device robots company. This acquisition aims at creating an ecosystem deeply integrated with home robots, home appliances, and finally Affectionate Intelligence (AI) delivering you a seamless experience. 

This acquisition would ensure that LG’s home robots are integrated with Affectionate Intelligence, an advanced on-device AI hub that learns user lifestyle patterns to deliver personalized solutions, boosting performance and privacy without external servers, and facilitating a holistic experience for consumers in the comfort of their homes. 

This is in addition to LG’s previous venture of USD 60 Million into Bear Robotics to acquire a 21 percent stake, which allowed it to acquire an additional stake of 30 percent through a call option agreement. This agreement aims to strengthen its presence in the robotics sector, a key growth area for the company, the press release stated.

LG’s AI Integrated Home: Q9 Project 

This collaboration comes amid the conglomerate targeting the release of its Self-driving AI Home Hub project named Q9, this year. It can effectively recognize your status and adjust the home appliances and IoT devices based on your needs, all on its own. It is an AI-powered solution that can create a self-driven environment for you as it comes incorporated with multimodal sensing capabilities including voice, sound, and image, and finally an autonomous driving technology.

Its seamlessness and integration give it an edge over other such solutions. Finally, its expressive display conveys emotions, fostering enhanced interaction and engagement.

Read more about Affectionate Intelligence (AI) at: LG plans to combat the AI race with Affectionate Intelligence to enhance daily lifestyles

Through this acquisition, the conglomerate aims to expand its footprint in the commercial robot market too. It gives it an edge over other companies as Bear Robotics' robots already serve the US, South Korean, and Japanese markets, which is an attractive consideration for the conglomerate from a commercial point of view.