Volkswagen turns to AI in €1B bet to cut costs and boost competitiveness

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Advertising banners Volkswagen Group, German automobile manufacturer auto salon, Sales Office, corporation logo sign, company brand logotype signboard above entrance, Frankfurt - January 19, 2024

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Volkswagen (OTCPK:VWAGY) (OTCPK:VWAPY) is planning to invest heavily in artificial intelligence to improve its manufacturing efficiencies and unlock billions in savings within 10 years, Germany’s largest automaker said Tuesday at the Munich car show.

According to Reuters, the €1 billion ($1.2B) investment will go

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