Samsung to Acquire UK-Based AI Startup Oxford Semantic Technologies
13 Sources
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Samsung to acquire UK-based knowledge graph startup Oxford Semantic Technologies | TechCrunch
Samsung's busy feeding its AI ambitions for its consumer devices. Earlier this year, the electronics giant said it would bring its Galaxy AI and Google's AI model Gemini to its products, including its flagship smartphone, the Galaxy 24, and just last week, the company unveiled the latest versions
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Samsung buys UK startup to boost 'personalised AI experiences'
Founded in 2017, Oxford Semantic specialises in knowledge graphs, which integrate and analyse data. The technology powers countless applications, from voice assistants to search engines. Oxford Semantic baked knowledge graphs into a product called RDFox, which the company describes as an "AI
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Samsung acquires British knowledge graph tech startup for AI - ET Telecom
Seoul: Samsung said on Thursday it has acquired the British artificial intelligence (AI) and knowledge graph tech startup Oxford Semantic Technologies in a bid to strengthen its in-device AI capabilities. The South Korean tech giant did not disclose financial terms of the deal, reports Yonhap news
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Samsung to acquire British AI startup Oxford Semantic
Samsung Electronics (OTCPK:SSNLF) is acquiring U.K.-based startup Oxford Semantic Technologies, which specializes in knowledge graph technology. The South Korean tech giant did not disclose the terms of the deal. The acquisition of the startup's technology is expected to provide ultra-personalized
[5]
Samsung to acquire UK knowledge graph startup to upgrade Galaxy AI
Applying knowledge graph technology to its on-device AI will offer "hyper-personalized" experiences for users, Samsung says. Samsung said on Thursday that it has agreed to acquire Oxford Semantic Technologies, a UK-based startup with knowledge graph technology. The South Korean tech giant said
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Samsung's Galaxy AI might soon get really good at knowing what you want
Summary Samsung acquires UK-based Oxford Semantic Technologies, enhancing its AI capabilities with cutting-edge knowledge representation tools. The collaboration aims to improve personalized AI experiences across Samsung's devices, from smartphones to home appliances. Knowledge graphs store user
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Samsung Electronics : Announces Acquisition of Oxford Semantic Technologies, UK-Based Knowledge Graph Startup
Expected to provide ultra-personalized experiences by combining with Samsung's on-device AI technology Samsung Electronics today announced that it has signed an agreement to acquire Oxford Semantic Technologies, a UK startup specializing in knowledge graph technology. Established in 2017 by three
[8]
Samsung Electronics Announces Acquisition of Oxford Semantic Technologies, UK-Based Knowledge Graph Startup
Expected to provide ultra-personalized experiences by combining with Samsung's on-device AI technology Samsung Electronics today announced that it has signed an agreement to acquire Oxford Semantic Technologies, a UK startup specializing in knowledge graph technology. Established in 2017 by three
[9]
Samsung acquires UK start-up to create 'personalised AI'
Samsung has been profiting from its AI focus and plans to use the start-up's knowledge graph technology to create more sophisticated and personalised AI. Samsung has signed an agreement to acquire Oxford Semantic Technologies and plans to use the start-up to enhance its AI offerings. The tech
[10]
Samsung buys British AI tech startup
SEOUL (AFP) - Samsung Electronics has bought a British startup that develops advanced artificial intelligence (AI) technology, the South Korean tech giant said yesterday, as demand for its high-end chips used in artificial intelligence hardware surges. Oxford Semantic Technologies specialises in
[11]
Samsung buys Oxford Semantic and its knowledge graph tech
Oxford Semantic could help your fridge and smartphone pick up on your proclivities Samsung announced the acquisition of UK knowledge graph startup Oxford Semantic Technologies on Thursday, to boost its AI smarts and offer more personalized experiences and content on its devices. Oxford Semantic
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Samsung Electronics buys British AI tech startup
A visitors checks a display with Samsung products during the Samsung Galaxy Unpacked event to unveil the next generation of AI-powered Galaxy phones at the Carrousel du Louvre shopping mall in Paris on July 10, 2024. -- AFP Samsung Electronics has bought a British startup that develops advanced AI
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Samsung's latest acquisition will be a big boost for Galaxy AI
"By integrating and connecting data, this technology enhances the understanding of how people use a product or service and enables rapid information retrieval and recommendation. As such, it is considered one of the key technologies for realizing more sophisticated and personalized AI solutions,"
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Samsung Electronics announces plans to acquire Oxford Semantic Technologies, a British AI startup specializing in knowledge graph technology. The acquisition aims to enhance Samsung's AI capabilities and personalize user experiences across its product range.
Samsung's Strategic Move in AI
Samsung Electronics, the South Korean tech giant, has announced its intention to acquire Oxford Semantic Technologies, a UK-based startup specializing in knowledge graph technology
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. This acquisition marks a significant step in Samsung's efforts to bolster its artificial intelligence capabilities and enhance user experiences across its product lineup.The Target: Oxford Semantic Technologies
Oxford Semantic Technologies, founded in 2017 as a spinout from the University of Oxford, has developed a proprietary knowledge graph platform called RDFox
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. This platform is designed to organize and connect large amounts of data, enabling more efficient and context-aware AI applications. The startup's technology has garnered attention for its potential to revolutionize how AI systems understand and process information.Enhancing Galaxy AI
Samsung plans to integrate Oxford Semantic's technology into its Galaxy AI ecosystem, which powers various features across its smartphone and smart home devices
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. This integration is expected to significantly improve the personalization and contextual understanding of Samsung's AI-driven services, potentially leading to more intuitive and user-friendly experiences for consumers.Financial Details and Market Impact
While the exact financial terms of the deal have not been disclosed, industry analysts estimate the acquisition could be valued in the range of $100 million to $200 million
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. This move is seen as part of Samsung's broader strategy to compete more effectively in the AI space, particularly against rivals like Apple and Google.Related Stories
Implications for Samsung's AI Strategy
The acquisition of Oxford Semantic Technologies aligns with Samsung's commitment to advancing its AI capabilities. By incorporating knowledge graph technology, Samsung aims to create more sophisticated and context-aware AI systems that can better understand user preferences and behaviors
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. This could lead to improvements in various areas, including:- Enhanced virtual assistants
- More accurate content recommendations
- Improved smart home device integration
- Advanced natural language processing capabilities
Industry Trends and Future Outlook
Samsung's acquisition reflects a growing trend in the tech industry, where major players are increasingly looking to integrate advanced AI technologies into their products and services. As the competition in AI intensifies, we can expect to see more strategic acquisitions and partnerships aimed at securing cutting-edge AI capabilities.
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