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Samsung 'actively looking' to buy AI developers

It aims to transform into more of a software-driven company amid falling sales of its devices
Friday, March 25, 2016 - 05:50

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SEEKING AN EDGE: Samsung's latest Galaxy S7 smartphones went on sale on March 11. The company faces another difficult year because oversupply is forcing down prices for smartphones and TV sets, said its CEO.

Seoul

SAMSUNG Electronics Co is "actively looking" to acquire developers of artificial intelligence and other software as the world's biggest smartphone maker tries to overcome flat-lining sales for its devices.

Samsung wants to use some of its US$61 billion in cash and equivalents

sentifi.com

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