Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  AUDI AG    NSU   DE0006757008

AUDI AG

(NSU)
  Report
SummaryQuotesChartsNewsCalendarCompanyFinancials 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

Audi : and Johannes Kepler University of Linz to establish center for artificial intelligence

share with twitter share with LinkedIn share with facebook
06/21/2017 | 05:15am EDT

Prof. Sepp Hochreiter is one of Europe's leading experts in the field of artificial intelligence (AI). He has made major contributions with fundamental research into deep‑learning technologies - a methodology that is based on the learning processes of the human brain. The long short‑term memory (LSTM) that he developed is used for speech‑recognition software in all smartphones all over the world. Hochreiter's Institute for Bioinformatics at the Johannes Kepler University of Linz (JKU) has long been held in high regard by AI experts. Exchanges of opinions and experience with Audi on the subject of autonomous driving have been taking place for several years, and the two partners successfully concluded their first joint project in 2016. 'The application of AI has enormous potential for self‑driving cars, not just for speech recognition, but even for predicting passengers' intentions and needs, and reacting to them,' stated Prof. Sepp Hochreiter. 'Thanks to LSTM networks, drivers in the future will feel safer in their cars than in their own living rooms.'

'With the establishment of the 'Audi.JKU deep learning center,' we are placing our cooperation on solid foundations,' said Michael Schmid, Head of the Audi Academy. 'We are thus creating a win‑win situation for both sides. Audi is supporting the essential basic research in the field of artificial intelligence. At the same time, we are ensuring rapid knowledge transfer into practice and making contacts with talented young people.' As part of the cooperation, Audi will also support selected young scientists at JKU Linz.

The 'Audi.JKU deep learning center' starts work with five projects. Research will be conducted for example into how cars driving in piloted mode in complex traffic situations can be exactly aware of and interpret their environment. Potential dangers must be recognized at an early stage and reaction times must be optimized. Another project deals with the use of artificial intelligence in vehicle sensors. 'The latest findings are vital for us to make our cars more intelligent step by step,' explained Dr. Peter Steiner, Chief Executive of Audi Electronics Venture GmbH. Audi's software company functions as a specialized interface and contact point for JKU Linz. 'We have been developing our global network in the field of artificial intelligence for many years, and are delighted that we have been able to gain Prof. Hochreiter and his institute as an additional competent partner,' said Steiner.

Audi AG published this content on 21 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 21 June 2017 09:15:07 UTC.

share with twitter share with LinkedIn share with facebook
Latest news on AUDI AG
08/06GM's Cadillac unveils electric SUV in bid to revamp luxury brand
RE
08/06With Its Latest EV, Polestar Aims to Take Down Tesla
DJ
08/06FOUR MORE FORMER AUDI MANAGERS INDIC : prosecutors
RE
08/05Italy's Pirelli makes deeper cut to margin forecast after testing quarter
RE
07/31AUDI : Volkswagen group CEO says management reshuffle 80% completed - FAZ
RE
07/31AUDI : Annual General Meeting votes on squeeze-out
PU
07/31Ford Reports Big Loss But It Expected Worse -- WSJ
DJ
07/31Tesla battery supplier LG Chem shares jump 10% on upbeat outlook
RE
07/31AUDI GROUP IN FIRST HALF OF 2020 : effects of corona pandemic still very signifi..
PU
07/30Tesla battery supplier LG Chem shares jump 10% on upbeat outlook
RE
More news
Financials
Sales 2019 55 680 M 65 619 M 65 619 M
Net income 2019 3 850 M 4 537 M 4 537 M
Net cash 2019 17 334 M 20 428 M 20 428 M
P/E ratio 2019 8,94x
Yield 2019 -
Capitalization 67 940 M 80 080 M 80 067 M
EV / Sales 2018 0,29x
EV / Sales 2019 0,31x
Nbr of Employees 89 084
Free-Float 0,36%
Chart AUDI AG
Duration : Period :
AUDI AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AUDI AG
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Managers
NameTitle
Markus Duesmann Chairman-Management Board
Herbert Diess Chairman-Supervisory Board
Arno Antlitz Chief Financial Officer
Dirk Große-Loheide Head-Procurement & Information Technology
Hans-Michel Piëch Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
AUDI AG97.50%80 080
FERRARI N.V.12.33%34 354
BYD COMPANY LIMITED101.67%31 468
SAIC MOTOR CORPORATION LIMITED-24.11%30 350
MARUTI SUZUKI INDIA LTD-9.36%26 893
FIAT CHRYSLER AUTOMOBILES N.V.-29.63%17 226