Tags: samsung | invest | 22 billion | artificial | intelligence

Samsung to Invest $22 Billion in Artificial Intelligence by 2020

logo of electronics company samsung on samsung tablet
(Mohamed Ahmed Soliman | Dreamstime)

Wednesday, 07 November 2018 02:32 PM

Samsung Electronics Co. said on Wednesday it planned to invest $22 billion in artificial intelligence technology by 2020.

Speaking at its developers conference in San Francisco, Samsung's head of AI, Eui Suk Chung, also said the company will hire a thousand employees to work on the technology in the same period.

Samsung is expected to launch its much-anticipated foldable phone to developers at the conference later on Wednesday.

1Like our page
2Share
StreetTalk
Samsung Electronics Co. said on Wednesday it planned to invest $22 billion in artificial intelligence technology by 2020.
samsung, invest, 22 billion, artificial, intelligence
68
2018-32-07
Wednesday, 07 November 2018 02:32 PM
questsin Media, Inc.
questsin.net
MONEYNEWS.COM
© questsin Media, Inc.
All Rights Reserved