Beijing time June 14th afternoon news, Samsung has great initiatives in the field of artificial intelligence.
The company said on Wednesday that its Samsung next business in Silicon Valley had set up a new fund to invest in
The fund is called
This includes some high-risk venture companies that other venture capital companies may not consider, Singh told reporters at a meeting on Tuesday before the announcement. To a large extent, this means investing in technology that is five years or more distant.
In addition, instead of looking for startups with clear business plans, Samsung is more likely to look for startups trying to solve difficult technical problems
The new Q Fund fund is the latest move of Samsung in the field of AI. AI is widely believed to have great potential to change the way we use technology and even life style. Any user with a modern smartphone will use AI by Apple's Siri or Google's artificial assistant, and Amazon's Alexa is also very common in the sound box and other smart home appliances. Samsung's Bixby digital assistant developed last year has just entered the AI market. Bixby can help users control Galaxy smart phones, TV or fridge.
Samsung's software products have been flat. The company relies on Google Android software to run most of its smartphones and tablets, and its own Tizen operating system has no market. At the same time, Samsung also cancelled the services launched by most companies, such as Samsung Media Hub and Milk Video.
In order to find a foothold in the field of software and services, Samsung launched Samsung NEXT. The group is in charge of David Eun. Last month, he was promoted to chief Innovation Officer by Samsung. At the same time, Samsung NEXT is also working with developing venture companies that can help Samsung build something beyond hardware, and invest in it. The group led Samsung's acquisition of LoopPay, which provides technology behind Samsung's mobile payment services, and the acquisition of SmartThings, which supports Samsung's smart home strategy.
Although Samsung has just officially launched its new Q Fund, the company has made seven AI investments, including covariant.ai. The startup, co-founded by students from the University of California at Berkeley and a current professor at the university, aims to develop AI software that can easily teach robots new and complex skills. Samsung pointed out that the investment proved that the company is able to replace the learning system