Samsung Looking to Acquire Artificial Intelligence to Conquer Smooth Sales for its Devices
According to a Korean website, Samsung is looking to hire artificial intelligence developers and other software as the world’s largest smartphone maker tries to conquer smooth sales for its devices. Rhee In Jong, executive vice president of Samsung said that, the company has $61 billion in cash and equivalents wants to modify into more of a software-driven company.
“Samsung is spending more to expand its own services because the global market for gadgets is drenched and can’t be calculated on for momentous profits increase. We are actively looking for Mergers & acquisitions targets of all sorts in the software area,” Rhee runs division’s software research-and-development business, “We are open to all possibilities, including artificial intelligence. Intelligence is no longer an option—it is a must.” He said.
In second half of 2015, Shipments of Samsung’s Galaxy smartphones and other models fell beacuse new iPhones expanded grip in the high-end category and models from Huawei Technologies Co. and Xiaomi persuaded budget buyers. Net income and revenue have fallen two straight years, and shares are down 16% since the end of 2012.
Samsung launched two new models Galaxy S7 and Galaxy S7 Edge this month. Both models look identical to its predecessors but with difference inside such as latest models do have long lasting battery, water resistant feature, and memory-card slot. Yoo Eui Hyung said that “After profit from mobiles, it is best thing for the company to to spend more on software development that could also drive sales of its hardware products.”
So artificial intelligent will make things much more convenient that we do on phones and a well trained phone will bring huge customer loyalty, though Samsung is working on it.