Cable / Telecom News

Samsung bets big on AI, 5G


SEOUL — Samsung says it will invest more than $29 billion over the next three years in innovative businesses that will drive its future growth, primarily in the areas of artificial intelligence, 5G, automotive electronics components and biopharmaceuticals.Samsung made the announcement Wednesday in a corporate news release that said it was committing to an investment of 25 trillion South Korean won (a little over $29 billion Canadian at today’s Bank of Canada exchange rate) as part of a larger initiative “to become a leading force in building and energizing the ecosystem of innovative businesses for the digital economy.”The company also...