Samsung Betting Big On Artificial Intelligence, Looking To Spend $1B Acquiring AI Companies: Report – GalaxyS8plus

Samsung Betting Big On Artificial Intelligence

Samsung is seemingly prepared to bet big on artificial intelligence, with a substantial amount of cash set aside for purchasing more AI companies.

Artificial intelligence is quickly gaining ground and it is playing an increasingly larger role in people’s daily lives. From smart digital assistants to all kinds of gadgets, robots, infotainment methods and more, AI is actually shaping up as a cornerstone of modern technology and it adds convenience in practically every technology area.

We have seen an amazing development in the artificial intelligence area in the pattern and recent years is actually gaining momentum still, with more businesses embedding AI technology into more areas and goods.

Samsung itself is actually anticipated to draw a huge AI plunge with a wise assistant called Bixby, presumably set to grace the next generation Samsung Galaxy S8 flagship. Bixby is reportedly based on technology from Viv Labs, an artificial intelligence company that Samsung acquired again in September 2016.

Viv Labs was created by the creators behind Apple’s popular Siri digital assistant and Bixby is actually anticipated to be a substantial selling point for the Galaxy S8 and future high end products from Samsung.

Samsung Reserving $1 Billion To Buy AI Companies

A brand new report out of South Korea currently suggests that Samsung has much more driven artificial intelligence endeavors. The report claims Samsung is actually thinking about setting up a big fund for future acquisitions, with a certain target in mind. The company is reportedly allocating a whopping one dolars billion to this particular purpose along with a Samsung Electronics US official, who agreed to comment under condition of anonymity, said Samsung is actually reserving that fund for acquiring AI companies.

While Samsung has already made a selection of deals lately, like the Viv Labs acquisition, the company’s management reportedly agreed that Samsung has to commit more people in artificial intelligence. A one dolars billion fund for AI acquisitions can certainly go a long way toward that goal, though it remains to be seen whether it’ll really materialize.

Samsung AI Efforts

Samsung’s greater interest in artificial intelligence may be stemming from the company’s bid to set itself apart from the crowd as well as come set up with some thing a lot more revolutionary. The Galaxy Note seven disaster placed really quite a dent in the company’s standing and financials and those 2 recalls will not be simple to place behind, but Samsung is actually likely to compensate for that fiasco with a really amazing Galaxy S8 flagship with Bixby AI on board.

Various reports speculate that Bixby will debut on the Samsung Galaxy S8, though it’ll ultimately grow to more Samsung products later on. The AI assistant will probably reach only high end products at first, though it might achieve even mid range devices even more down the line.

Developing a far more sound profile of AI companies under its belt would undoubtedly help Samsung obtain a larger foothold in the industry, though it remains to be seen exactly how things will pan out there in the end.

it is all still in the rumor point at this stage, therefore It is highly encouraged to carry all such rumors as well as accounts with a serving of skepticism. Of course, we will keep you informed the moment we discover a lot more.

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