Samsung to Acquire British AI Startup Oxford Semantic Technologies
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On Thu, 18 Jul, 8:01 AM UTC
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[1]
Samsung agrees to acquire British startup Oxford Semantic for AI
SEOUL, July 18 (Reuters) - Samsung Electronics said on Thursday it agreed to acquire Oxford Semantic Technologies, a British startup specialising in technology that can be used for more sophisticated artificial intelligence (AI) applications. Samsung did not disclose the value of the deal. Oxford Semantic Technologies specialises in knowledge graph technology, which stores information as an interconnected web of related ideas and mirrors the human reasoning process, and can be used to better personalise AI applications such as on-device AI on Samsung phones, Samsung said in a statement. (Reporting by Joyce Lee; Editing by Himani Sarkar)
[2]
Samsung agrees to acquire British startup Oxford Semantic for AI
SEOUL - Samsung Electronics said on Thursday it agreed to acquire Oxford Semantic Technologies, a British startup specialising in technology that can be used for more sophisticated artificial intelligence (AI) applications. Samsung did not disclose the value of the deal. Oxford Semantic Technologies specialises in knowledge graph technology, which stores information as an interconnected web of related ideas and mirrors the human reasoning process, and can be used to better personalise AI applications such as on-device AI on Samsung phones, Samsung said in a statement. (Reporting by Joyce Lee; Editing by Himani Sarkar)
[3]
Samsung agrees to acquire British startup Oxford Semantic for AI
SEOUL, July 18 (Reuters) - Samsung Electronics (005930.KS), opens new tab said on Thursday it agreed to acquire Oxford Semantic Technologies, a British startup specialising in technology that can be used for more sophisticated artificial intelligence (AI) applications. Samsung did not disclose the value of the deal. Oxford Semantic Technologies specialises in knowledge graph technology, which stores information as an interconnected web of related ideas and mirrors the human reasoning process, and can be used to better personalise AI applications such as on-device AI on Samsung phones, Samsung said in a statement. Reporting by Joyce Lee; Editing by Himani Sarkar Our Standards: The Thomson Reuters Trust Principles., opens new tab
[4]
Samsung Agrees to Acquire British Startup Oxford Semantic for AI
SEOUL (Reuters) - Samsung Electronics said on Thursday it agreed to acquire Oxford Semantic Technologies, a British startup specialising in technology that can be used for more sophisticated artificial intelligence (AI) applications. Samsung did not disclose the value of the deal. Oxford Semantic Technologies specialises in knowledge graph technology, which stores information as an interconnected web of related ideas and mirrors the human reasoning process, and can be used to better personalise AI applications such as on-device AI on Samsung phones, Samsung said in a statement.
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Samsung Electronics has agreed to acquire Oxford Semantic Technologies, a British AI startup, to enhance its AI capabilities. The acquisition is part of Samsung's strategy to strengthen its position in the AI market.
Samsung's Strategic Move in AI
Samsung Electronics, the South Korean tech giant, has announced its agreement to acquire Oxford Semantic Technologies, a British artificial intelligence startup 1. This acquisition marks a significant step in Samsung's efforts to bolster its AI capabilities and compete more effectively in the rapidly evolving tech landscape.
About Oxford Semantic Technologies
Oxford Semantic Technologies, a spinout from the University of Oxford, specializes in knowledge graphs and reasoning technology 2. The company's flagship product, RDFox, is a high-performance knowledge graph and semantic reasoning engine. This technology has applications across various industries, including finance, healthcare, and manufacturing.
Implications for Samsung's AI Strategy
The acquisition of Oxford Semantic Technologies aligns with Samsung's broader strategy to enhance its AI offerings. By integrating Oxford Semantic's advanced reasoning capabilities, Samsung aims to improve its AI-powered products and services 3. This move is expected to strengthen Samsung's position in the competitive AI market, where tech giants are vying for dominance.
Financial Details and Market Impact
While the exact financial terms of the deal have not been disclosed, the acquisition is seen as a strategic investment for Samsung 4. The move has been well-received by market analysts, who view it as a positive step towards enhancing Samsung's AI capabilities.
Future Prospects and Industry Trends
This acquisition reflects the growing importance of AI in the tech industry. As companies like Samsung invest in cutting-edge AI technologies, we can expect to see more advanced and intelligent consumer electronics and services in the near future. The integration of Oxford Semantic's technology could potentially lead to more intuitive and efficient AI-powered devices from Samsung.
Regulatory Considerations
As with any major tech acquisition, this deal will likely be subject to regulatory scrutiny. Both companies will need to navigate the complex landscape of international tech regulations, particularly those concerning AI and data privacy 3.
Reference
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