22 Oct '17, 8am

Samsung invests in Chinese AI chipset start-up DeePhi Tech: Source

SEOUL (THE KOREA HERALD/ASIA NEWS NETWORK) - Memory chip giant Samsung Electronics has invested in a Chinese artificial intelligence technology developer as part of its efforts to catch up in the intensifying global race for AI platforms and devices, according to sources Sunday (Oct 22). In August, Samsung made a significant investment in DeePhi Tech, a Beijing-based start-up with deep learning technologies, a source told The Korea Herald. "Samsung made quite a large investment in DeePhi Tech, which a group of Korean developers who met the start-up's officials found surprising," the source said. "Samsung appears to have made considerable investment in the Chinese company, in line with the Chinese government's move to foster home-grown AI tech firms. The investment could have been made out of political consideration, not necessarily over the company's technological prowess....

Full article: http://www.straitstimes.com/tech/samsung-invests-in-chine...

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