LG U+ Looking To Enter The US IoT And AI Market

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LG Electronics' subsidiary LG U+ is looking to enter the US market and is seeking new opportunities in the Internet of Things and artificial intelligence sectors, the company's executive revealed last week at CES 2017. While speaking in Las Vegas on Friday, Kwon Young-soo, the Vice Chairman and Chief Executive Officer at LG U+, said that the South Korean wireless carrier already met with many tech giants in the United States and discussed the possibility of expanding its operations. Apart from AI, Kwon believes that big data will also evolve into a massive market in the future, which is another avenue of business he's hoping to explore in the US.

Following that train of thought, LG U+ is looking to partner with Verizon after meeting with Big Red's representatives in Las Vegas last week. While speaking at CES, Kwon praised Verizon's experience in big data management and IoT solutions, adding that the Seoul-based wireless carrier will keep communicating with the New Jersey company in hopes of realizing some of its expansion plans. While LG Electronics' subsidiary is exhibiting a high degree of ambition, it has yet to come up with a detailed plan over how it's planning to expand to the North American market. For the time being, Kwon is only certain that LG U+ will be looking to enter the US with a portfolio of IoT products and services.

The company's plans are even vaguer when it comes to AI solutions. Kwon asserted how LG U+ owns enough advanced technologies not to have to rely on consumer-grade hardware to enter the US AI sector, but as things stand right now, there are no definitive plans in place. LG Electronics' subsidiary is currently in the process of examining various US startups, many of which were showcasing their products and services last week at CES. Finally, the Seoul-based company is also looking to commercialize the fifth generation of mobile networks in its home country, but it's adamant to do so in a careful and calculated manner. Kwon said that 5G won't completely replace 4G in the immediate future, which is why the firm is not rushing to commercialize 5G technologies and will instead approach their implementation in a deliberate fashion.

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