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Samsung has announced a $22 billion injection of cash into AI, auto tech, and 5G development. The investment will be rolled out over three years and will also include cash for the tech giant’s biopharmaceutical business.
The AI-focused investment is just a smaller part of a larger ambitious plan the company unveiled on Wednesday aimed at creating jobs and securing new growth areas as its traditional smartphone business weakens. Samsung Electronics, the biggest part of the company, is expected to fund most of the investment.
The investment will create jobs and broaden company portfolio
A lot of the investment will be focused towards expanding the Artificial Intelligence (AI) unit. Samsung says it will increase the number of AI researchers to
Read full article » https://interestingengineering.com/samsung-plans-to-invest-22-billion-in-ai-5g-and-auto-technology
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