TO COMBINE LG THINQ WITH ATHOM’S OPEN APILG said it is envisioning to create the concept of “Intelligence Space” by integrating the LG ThinQ platform’s smart home technology with Athom’s open application programming interface (API), which will enable LG to incorporate third-party devices and services into its ecosystem.“The acquisition of Athom is a cornerstone for our AI home business,” said Jung Ki-hyun, executive vice president and head of LG’s Platform Business Center.“By leveraging the synergy between the two companies, we will expand our open ecosystem and external integration services, aiming to provide customers with more diverse and multidimensional space experiences.”LG webOS, ALPHONSOAccording to market research firm TechNavio, the global smart home market is forecast to grow from $81.2 billion in 2023 to $260.24 billion by 2028, posting an average annual growth rate of 26.2%.
The integration, LG said, aims to create an AI home, which will allow customers to engage with generative AI to manage appliances and Internet of Things (IoT) devices and create a personalized environment tailored to their preferences.“By integrating Athom’s capabilities with LG’s intelligent technology, LG aspires to lead the AI-driven home innovation era,” the Korean company said in a statement.
We will continue to make strategic investments to shift our business paradigm, as evidenced by our successive advance into platform-based appliance services such as the webOS advertising platform and AI home,” said Chief Executive Cho Joo-wan, known in the West by his English name William Cho.
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