LG Electronics (066570) is preparing to spin off EVA (Edge Vision Analytics), an in-house vision AI business that analyzes video from industrial sites, into a new entity called Spectrabrain. Cho Bong-soo, a former LG Electronics executive who led the company’s AI and big data initiatives, said he became Spectrabrain’s chief executive after leaving his LG executive role on Sept. 14. EVA is a physical AI platform (AI applied to real-world environments) that connects existing closed-circuit television systems and cameras with artificial intelligence to identify hazards and abnormal activity. LG Electronics said it is preparing to complete the business spin-off within this year.