You are here: Home » Reuters » News
Business Standard

Samsung to invest $22 billion in AI by 2020

Reuters  |  SAN FRANCISCO 

(Reuters) - Electronics Co <005930.KS> said on Wednesday it planned to invest $22 billion in artificial intelligence by 2020.

Speaking at its developers conference in San Francisco, Samsung's of AI, Eui Suk Chung, also said the company will hire a thousand employees to work on the in the same period.

is expected to launch its much-anticipated foldable phone to developers at the conference later on Wednesday.

(Reporting By and Munsif Vengattil; editing by Patrick Graham)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, November 08 2018. 00:10 IST