Latest news with #EngineeringAI
Al Bawaba
06-06-2025
- Business
- Al Bawaba
Visa Cash App Racing Bulls (VCARB) Formula One™ Team Accelerates Racing Car Design with Neural Concept's Engineering AI
Visa Cash App Racing Bulls Formula One™ Team has deployed Neural Concept, the world's leading AI platform for engineering design to accelerate the team's car design and optimize aerodynamic performance through AI-powered, data-driven engineering workflows that enable faster design iteration and better-informed Concept's proprietary Engineering AI platform complements traditional Computational Fluid Dynamics (CFD) with high-speed predictive simulations. Engineers can use digital twins to evaluate thousands of design variants across complex 'multi-physics' environments that mimic real-world track conditions such as wind and temperature enables VCARB to explore more designs, unlocking new performance gains within every Mekies, Team Principal, Visa Cash App Racing Bulls said: 'In Formula One, every millisecond counts and innovation at the design stage can be the difference between leading the pack or falling behind. By integrating Neural Concept's cutting-edge Engineering AI into our aerodynamic development, we're unlocking new levels of speed and precision in our design process. This partnership allows us to explore more design variants, ultimately giving us a competitive edge where it matters most.'Pierre Baqué, CEO and co-founder of Neural Concept said: 'Formula One is the ultimate proving ground for Engineering Intelligence—where engineering decisions are pushed to their limits and every performance gain counts. At Neural Concept, our mission is to revolutionize engineering with deep learning and unlock a new symbiotic collaboration between human expertise and AI's analytic speed and power. This partnership with Visa Cash App Racing Bulls demonstrates how AI-driven design workflows can turn weeks of iteration into days, helping teams move faster, explore further, and stay ahead in the most competitive engineering environment on the planet.' Neural Concept platform is trusted by over 70 Original Equipment Manufacturers (OEMs) and Tier 1 engineering teams around the world including Bosch, General Motors, Airbus, OPmobility and integrates seamlessly with partner engineering solution ecosystems including NVIDIA and Siemens. © 2000 - 2025 Al Bawaba ( Signal PressWire is the world's largest independent Middle East PR distribution service.
Korea Herald
01-04-2025
- Business
- Korea Herald
LG's new AI speeds up product design, testing
LG Electronics has developed a new manufacturing artificial intelligence system that enables significantly faster and more accurate quality predictions during the product design phase, the company said Thursday. The new AI system reduces the time required to assess the quality of completed products by up to 99 percent, cuts AI training time by more than 95 percent and lowers memory usage to one-tenth of previous levels, according to LG. Where it previously took 3 to 8 hours to predict product quality before creating a prototype, the new technology completes the process in under three minutes using AI—eliminating the need for separate simulation stages. The home appliances giant said it is preparing to launch a web-based platform called (Engineering AI) that will incorporate the new predictive AI technology for product developer use. 'We deliver end-to-end solutions to clients across all stages of manufacturing. AI-based verification technology will not only shorten the product development cycle but also significantly boost development efficiency,' said Jeong Dae-hwa, president of LG Electronics' Manufacturing Engineering Research Institute. To reinforce the credibility of its new technology, LG said it has submitted a related research paper to the International Conference on Machine Learning, one of the most prestigious global academic conferences in the AI field. The company plans to first apply the technology internally to strengthen its manufacturing capabilities, starting with component design for home appliances such as refrigerators, washing machines and TVs, as well as automotive products. The new technology is also expected to enhance the competitiveness of LG Electronics' smart factory solutions, a business segment the company actively expanded last year. The research institute projected that orders for smart factory solutions from clients outside the LG Group will surpass 400 billion won ($297 million) in 2024 — marking a more than 30 percent increase from the previous year. LG said it aims to expand its smart factory client base beyond home appliances to include semiconductors, pharmaceuticals and chemicals to grow the smart factory solutions business into a trillion-won-level portfolio by 2030. LG's smart factory solutions support a wide range of manufacturing functions, including production system design, real-time monitoring, operational optimization, and big data and generative AI-based process and equipment management, the company said.
