Samsung loses ground to Chinese competitors and Apple

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AI is the technology for global major players...

Samsung looks beyond hardware with its plans to acquire AI developers

SEOUL — Samsung is “actively looking” to acquire developers of artificial intelligence (AI) and other software as the world’s biggest smartphone maker tries to overcome declining sales.

Samsung wants to use some of its US$61 billion (S$84 billion) in cash and equivalents to help it morph into more of a software-driven company, executive vice- president Rhee In Jong said in an interview. The South Korean consumer electronics giant also is spending more to develop its own services because the global market for gadgets is saturated. “We are looking for M&A targets of all sorts in the software area,” said Mr Rhee, who runs the mobile division’s research and development business. “We are open to all possibilities, including artificial intelligence. Intelligence is no longer an option — it is a must.”
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http://www.todayonline.com/tech/samsung-...developers
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RE: Samsung loses ground to Chinese competitors and Apple - by CityFarmer - 28-03-2016, 11:48 AM

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