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LG Electronics stated on Wednesday that it has acquired an 80% stake in Dutch good dwelling platform agency Athom, with the remaining 20% to be purchased within the subsequent three years.
The South Korean dwelling equipment maker stated it plans to combine Athom’s Homey platform which affords intensive connectivity that hyperlinks home equipment, sensors, and light-weight gadgets, with its personal generative AI-enabled LG ThinQ platform.
LG affords all kinds of {hardware} we discover within the dwelling, from TVs, washing machines, fridges, and others. Since launching its webOS TV platform in 2021, it has been eager to capitalize on this huge portfolio by connecting these gadgets by means of software program for brand spanking new income streams apart from strict {hardware} gross sales. Certainly one of its newest pushes is free ad-supported streaming channels supplied on its TVs.
The acquisition of Athom exhibits that it additionally needs to find software-based enterprise fashions, by having the AI-enabled LG ThinQ platform hook up with extra gadgets, in different home equipment by means of the chance introduced by the latest AI growth.
