Samsung expands commitment to self-driving technology

Picture credit: BusinessKorea

Today, Samsung announced it has established the Samsung Automotive Innovation Fund, a new $300-million fund focused exclusively on the automotive market.

The Samsung Automotive Innovation Fund will focus on connected car and autonomous technologies, including smart sensors, machine vision, artificial intelligence, high-performance computing, connectivity solutions, automotive-grade safety solutions, security, and privacy.

In addition to this, Samsung also announced a strategic initiative to develop connected-car technology with Harman.

Harman is the auto and audio product maker that Samsung acquired last November for $8 billion.

During this period of extraordinary transformation in the automotive industry, we are excited to play a leadership role in supporting and shaping the future of smarter, more connected vehicles,” said Young Sohn, President and Chief Strategy Officer of Samsung Electronics and Chairman of the Board of HARMAN.

The Autonomous/ADAS Strategic Business Unit and automotive fund reflect the company’s commitment to the values of open innovation and collaboration. In partnership with OEMs and startups, we will make the driver and passenger experience safer, more convenient, and more enjoyable.

Today, Samsung also announced that Samsung Electronics and Kakaohave joined hands to develop artificial intelligence solutions for mobile and other electronic devices.

Under the partnership, Samsung’s AI assistant Bixby will support KakaoTalk, a popular mobile messenger, and other services that are running on Kakao’s AI platform Kakao.

The latest partnership comes after Kakao announced in July that its AI solution will be adopted by Hyundai Motor’s upcoming luxury sedan Genesis G70.