Samsung to invest more than $22 billion in AI, 5G and future tech


“Samsung aims to lead efforts to foster a vibrant ecosystem for innovations and growth, leveraging its technology and decades of experiences in creating successful businesses,”

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Samsung is putting more than $22 billion toward artificial intelligence, 5G networks, biopharmaceuticals and electronic automotive parts over the next three years.

Samsung aims to lead efforts to foster a vibrant ecosystem for innovations and growth, leveraging its technology and decades of experiences in creating successful businesses,” the company said in a statement Wednesday. Samsung didn’t immediately respond to a request for further comment.’

Many things are taking place:

Samsung to invest more than $22 billion in AI, 5G and future tech

In the next three years, Samsung will be putting more money toward areas like artificial intelligence and 5G networks.

Break.

In addition, the company will also expand C-Lab, its internal venture incubator and support 500 projects.’

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  • Publisher: CNET
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Samsung to invest $22 billion into new growth areas like AI and 5G

South Korea’s largest conglomerate Samsung Group is planning to invest about 25 trillion Korean won ($22 billion) over the next three years into new growth areas, led primarily by Samsung Electronics.

Those investments would be made in four key areas: artificial intelligence (AI), fifth-generation mobile network technology, electronic components for future cars and bio-pharmaceuticals, the company said on Wednesday.

To expand its AI capability, Samsung will be increasing the number of researchers to 1,000 across its global AI centers in the U.K., Canada, Russia, U.S. and South Korea.

  • Publisher: CNBC
  • Date: 2018-08-08T02:43:15-0400
  • Author: Author link
  • Twitter: @CNBC
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Samsung plans $22 billion for artificial intelligence, autos

SEOUL, South Korea (AP) – Samsung Electronics plans to spend a whopping $22 billion over the next three years on artificial intelligence, auto components and other future businesses as the company maps out its strategy under the restored leadership of Vice Chairman Lee Jae-yong after he was freed from prison.

The announcement Wednesday by South Korea’s biggest business group was welcome news, coming at a time of deepening unease over slowing growth in Asia’s fourth largest economy. It also highlights that South Korea’s decades-old reliance on big businesses for jobs and investments is unlikely to end anytime soon since the country lacks a strong pool of small and medium-sized companies found in Japan or Germany.

  • Publisher: PAHOMEPAGE
  • Date: 2018-08-08T14:11:14+0000
  • Author: YOUKYUNG LEE AP Technology Writer
  • Twitter: @PAHOMEPAGE
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