Energy News
ROBO SPACE
Samsung Electronics buys British AI tech startup
Samsung Electronics buys British AI tech startup
by AFP Staff Writers
Seoul (AFP) July 18, 2024

Samsung Electronics has bought a British startup that develops advanced AI technology, the South Korean tech giant said Thursday, as demand for its high-end chips used in artificial intelligence hardware surges.

Oxford Semantic Technologies specialises in knowledge graph technology -- a more advanced way of storing complex information in a web -- Samsung said in a statement.

It added that it expected to use the technology "not only in mobile devices but also in a wide range of products, including TVs and home appliances, in the future".

Samsung did not disclose the value of the deal.

From generative capabilities such as writing texts from brief instructions to simultaneous translation of phone conversations, tech titans are in a frantic race to more fully deploy AI technology in smartphones and other consumer products.

The purchase of Oxford Semantic marks the latest move by Samsung to strengthen its AI offerings.

Samsung Electronics is the world's biggest producer of memory chips, including versions used in top-of-the-line AI hardware from industry leaders.

The firm is also one of the world's biggest smartphone makers, and the latest models it unveiled in January are powered by its own Galaxy AI tech.

Samsung last week showcased new deployments of AI across a range of its consumer electronic products, from wireless headphones to smartwatches and health and fitness tracking rings.

It also unveiled the latest generation of its AI-packed folding phones.

The South Korean tech giant recently predicted a more than 15-fold increase in its on-year second-quarter operating profits.

Related Links
All about the robots on Earth and beyond!

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
ROBO SPACE
Tokyo airport trials driverless cargo vehicle
Tokyo (AFP) July 17, 2024
Tokyo's Haneda Airport is trialling a driverless vehicle to tow cargo containers in an attempt to get around labour shortages as the number of tourists flying into Japan soars. The vehicle at one of the world's busiest airports can tow up to 13 tons of containers, joint developers All Nippon Airways (ANA) and Toyota Industries said in a statement. It can pull up to six containers at a time, trundling between aircraft and airport buildings over a distance of around two kilometres (1.2 miles) with ... read more

ROBO SPACE
China-based emissions of three potent climate-warming greenhouse gases spiked in past decade

Next-Gen Weather Satellite Completes Critical Environmental Tests

How melting icecaps impacts the rotation of Earth

Wildfires Unveil New Threats to Ozone Layer Stability

ROBO SPACE
NextNav Receives DOT Award to Enhance PNT Services as GPS Backup

Lebanon says Israeli GPS jamming confounding ground, air traffic

Green light for Galileo 2nd Generation satellite design

Europe's Largest Ground Segment Upgraded Without User Disruption

ROBO SPACE
Sierra Leone rangers fight uphill battle against deforestation

Australia's Role in Global Forest Carbon Decline Uncovered

Urban Forests in the US Show Varied Climate Adaptability

Bangladesh charges 26 for destruction of vast mangrove forest

ROBO SPACE
Chemists design novel method for generating sustainable fuel

Chemists Develop Efficient Method to Convert CO2 into Sustainable Fuel

Methanol-powered ship to set sail for Europe's first 'green' route

Shell sees heavy writedowns in Q2 due to shelved biofuel project

ROBO SPACE
HKUST Researchers Unveil Hidden Structure for Enhanced Perovskite Solar Cells

CityUHK Develops Advanced Passivator for Stable Perovskite Solar Cells

Redwire to supply additional roll-out solar arrays for Thales Alenia Space satellites

Kinematics unveils advanced ST Series Actuators for solar trackers

ROBO SPACE
Engineers Develop Cost-Effective Seafloor Testing Device for Offshore Wind Farms

Why US offshore wind power is struggling - the good, the bad and the opportunity

Robots enhance wind turbine blade production at NREL

Offshore wind turbines may reduce nearby power output

ROBO SPACE
Last Polish miner missing after tremor found alive

New UK coal mine plans appear doomed under new government

17 miners injured, 2 missing in Polish coal mine tremor

Coal reliance growing in Philippines, Indonesia: report

ROBO SPACE
Ex-WSJ reporter says fired over role in Hong Kong press union

China making youth unemployment a 'top priority'

China props up Solomon Islands' budget with $20 mn injection

US keeps barring Chinese officials over rights

Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.