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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

Published Thu, Mar 24, 2016 · 09:50 PM
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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 to help it morph into more of a software-driven company, executive vice-president Rhee In Jong said in an interview.

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