Samsung looking to buy AI companies; prepares $1 billion budget


Bixby, Samsung's upcoming AI assistant, seems to be a feature that clearly demonstrates the company's intentions to catch up to the competition in that particular field. However, the latest information from South Korea suggests that the tech giant might harbor even greater ambitions.

Citing an unnamed Samsung Electronics US official, local media outlet Chosun Biz has reported that the Seoul-based manufacturer is looking to acquire companies that work in the field of AI. For this endeavor, Samsung will supposedly allocate a whopping $1 billion.

In 2016, Samsung acquired 10 tech businesses, including the purchase of Viv Labs, a company that was conceived by some of the creators of Siri. Another notable addition is the cosmic $8 billion buyout of car infotainment enterprise Harman International. Despite these acquisitions, Samsung's management has determined that more investments need to be made in the field of artificial intelligence.

It remains to be seen if Samsung will eventually manage to pull ahead and become a leader in mobile software. Chosun Biz reminds us that the corporation missed out the opportunity to buy the Android OS before Google in 2005, which could have made it the most influential player on the market.

via SamMobile

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5 Comments

1. Bankz

Posts: 2531; Member since: Apr 08, 2016

Confirmed: The bixby assistant is probably going to be trash if this news is anything to go by. If anything, It will be replaced soon and it will be a glorified S-voice

2. Settings

Posts: 2943; Member since: Jul 02, 2014

Lol! Samsung is on innovation buying spree.

3. okinalex

Posts: 20; Member since: Feb 02, 2017

I'm hoping... If Samsung came with anything close to S-Voice it will be a terrible death to Samsung. Even with "infinite money", how can Samsung compete with Google AI and Amazon's Alexa? Their AI is already much evolved.

4. sissy246

Posts: 7087; Member since: Mar 04, 2015

"it will be a terrible death to Samsung" No it won't. A lot of people don't even use any AI and if the do they just use Google Apps lot of people don't even know what AI is.

5. mikehunta727 unregistered

Bixby is gonna be trash, Samsung is literally years behind in information logged and saved and data that is processed by mass neural deep learning networks Should of just included Assistant but more competition dont hurt

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