Today, the country's non-oil sector accounts for about 74 per cent of the total GDP
business1 day ago
Samsung Electronics has bought a British startup that develops advanced AI technology, the South Korean tech giant said on 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.
Today, the country's non-oil sector accounts for about 74 per cent of the total GDP
business1 day ago
The yellow metal has lost Dh2.5 since Monday
business1 day ago
Investors are advised to deal with only SEBI registered mutual funds
business2 days ago
The first centre will bring together academic researchers and practitioners from the private sector to develop and share best practices in responsible AI
business2 days ago
The UAE has already signed CEPA with major trading partners such as India, Israel, Chile, Colombia, Turkey, Indonesia, Georgia and Cambodia
business2 days ago
New developments hold key to the future of work, expert says
business2 days ago
A year-on-year (YoY) increase of 20.2 per cent, or Dh135 billion, was recorded
business3 days ago
Course offers training in English language, interviewing skills, resume writing, and job search tips
business3 days ago