Samsung Electronics (005930.KS) has announced its agreement to acquire Oxford Semantic Technologies, a UK-based startup renowned for its advanced AI technologies. The financial details of the acquisition have not been disclosed.
Oxford Semantic Technologies is at the forefront of knowledge graph technology, an innovative approach that organizes information into an interconnected web of related ideas. This technology mimics the human reasoning process, making it a powerful tool for enhancing the sophistication and personalization of AI applications.
In a statement released by Samsung, the company highlighted the potential of integrating Oxford Semantic’s technology into its own AI systems. This integration is expected to significantly improve on-device AI applications, particularly in Samsung’s smartphones. By leveraging knowledge graph technology, Samsung aims to provide more intuitive and personalized user experiences.
“Acquiring Oxford Semantic Technologies aligns with our vision to lead in the AI domain by enhancing our capabilities with cutting-edge technology,” said a Samsung spokesperson. “This acquisition will enable us to offer more sophisticated AI solutions, particularly in our mobile devices, ensuring that our customers receive highly personalized and intelligent services.”
Oxford Semantic Technologies has gained recognition for its ability to create AI systems that can understand and process complex information in a human-like manner. The startup’s expertise in knowledge graphs allows AI to connect disparate pieces of information, providing a more holistic understanding and improved decision-making capabilities.
The acquisition is seen as a strategic step for Samsung as it continues to invest heavily in AI research and development. By incorporating advanced AI technologies, Samsung aims to stay ahead in the competitive tech market and deliver cutting-edge solutions to its global customer base.
Samsung’s acquisition of Oxford Semantic Technologies is part of a broader trend of tech giants investing in AI startups to enhance their technological prowess. As AI becomes increasingly integral to various industries, companies are seeking innovative solutions to maintain a competitive edge.
While the exact financial terms of the deal remain undisclosed, industry experts believe that the acquisition underscores Samsung’s commitment to advancing its AI capabilities and delivering more personalized and intelligent products to its consumers.
About Samsung Electronics
Samsung Electronics is a global leader in technology, opening new possibilities for people everywhere. Through relentless innovation and discovery, the company is transforming the worlds of televisions, smartphones, wearable devices, tablets, digital appliances, network systems, and memory, system LSI, foundry, and LED solutions.
About Oxford Semantic Technologies
Oxford Semantic Technologies specializes in knowledge graph technology, which organizes data into interconnected networks that mirror human reasoning. This advanced technology is designed to enhance AI applications, providing more sophisticated and personalized solutions for various industries.
Kenya and India are in advanced talks for a loan facility of Sh32.2 billion (USD 250 million) to enhance trade Read more
Governor Johnson Sakaja recently distributed 1,000 title deeds in a ceremony held at Charter Hall. This event marks another significant Read more
Saudi Arabia's Crown Prince Mohammed bin Salman (MBS) made a strong statement on Wednesday, September 18, 2024, reaffirming that the Read more
Germany’s Economics Minister, Robert Habeck, has called for a political resolution between the European Union (EU) and China. His remarks Read more
Russian President Vladimir Putin has signed a decree extending the country's food embargo on imports from Western nations for an Read more
The Tourism Fund is under fire for accumulating Sh3.4 billion in interest penalties due to delayed payments in the construction Read more