South Korean conglomerate LG Group has said it has been looking for investment opportunities in various fields to keep pace with fast-changing technology trends and find new growth drivers.
LG Technology Ventures, LG’s venture capital investment arm, has invested over $19 million in start-ups in emerging technology fields, including IT, automotive, manufacturing, bio, energy and advanced materials.
The amount is about 4.5 per cent of the $425 million fund assets raised by five LG affiliates in electronics, display, chemical, telecom and IT service provision for its establishment in 2018, the company said.
Among the companies are mobility software provider Ridecell and bio-tech company Lygos, as well as cooking app SideChef and advanced material company Optodot, Yonhap news agency reported on Thursday.
Most recently, the investment arm invested in $2 million in AmazeVR, a virtual reality platform start-up in Silicon Valley.
“LG Technology Ventures is monitoring the technology development of global start-ups, while searching for investment opportunities in various fields, including artificial intelligence, virtual and augmented reality, bio, materials and displays,” LG said in a release. (IANS)
LG Electronics (LG) has raised the bar again in 2020 with the launch of 13 new LG OLED models, led by three new art-inspired GX Gallery series 4K Ultra HD TVs, 88- and 77-inch class Real 8Kmodels and an all-new OLED screen size – 48-inch.
Unveiled at CES 2020, the new LG OLED TVs – and new 8K and 4K LG NanoCell LCD TVs – are designed to deliver stunning picture quality and innovative design with upgraded performance and artificial intelligence-enabled features.
At the heart of the latest 8K and 4K LG OLED and 8K LG NanoCell TVs are a number of advanced core technologies, most notably the new I (Alpha) 9 Gen 3 AI Processor. This advanced processor leverages upgraded processing power and artificial intelligence deep learning algorithms to improve picture quality and enable a host of specialised features for various types of content including movies, games and sports, taking the user experience to new heights.
LG’s 2020 premium TVs flaunt unique, elegant designs that integrate effortlessly with any home decor. The all-new minimalist Gallery Series takes design to a whole different level with an ultra-thin form factor – the 65-inch model is a mere 20 millimeters (0.79 inches) thin. Paired with an included specially-designed wall mount, these 55-, 65- and 77-inch class models hang completely flush on the wall.
The 2020 LG OLED ZX Real 8K models, delivering four times more detail than 4K TV and 16 times more than HDTV, exceed the strict requirements established by the Consumer Technology Association’s (CTA) official industry definition for 8K Ultra HD TVs. The 88- and 77-inch LG OLED models are among the first to earn the new CTA 8K Ultra HD logo.
LG’s 2020 TVs are ideal for serious gamers, delivering the most seamless, immersive big-screen gaming experiences available anywhere. As the first TV manufacturer to offer NVIDIA G-SYNC Compatibility, LG is expanding this capability in 2020 to 12 OLED TVs to provide a flawless PC gaming experience without screen tearing or other distracting visual artifacts.
In another industry first, 2020 LG OLED TVs feature the HDR Gaming Interest Group’s HGiG Mode so gamers can enjoy high quality visuals as game creators and developers intended when playing HDR games via consoles on their LG TVs. HGiG is a body made up of companies from the game and display industries that develops standards to improve the HDR gaming experience for consumers.
Not only ideal for film buffs and gamers, LG OLED TVs are perfect for sports fans, too, made possible by the new I9 Gen 3 AI Processor – and sports-centric features.
Sports Alert helps users to keep track of their favorite teams and schedules and notifying them as soon as a team scores. Users can select their favorite teams in various sports – soccer, football, baseball, etc – to receive automatic updates at the start of a match, whenever a team scores and when the game ends. (IANS)