BREAKING NEWS

BREAKING NEWS

Samsung Electronics buys AI tech firm Zhilabs to boost 5G capabilities

Samsung Electronics buys AI tech firm Zhilabs to boost 5G capabilities
The logo of Samsung Electronics is seen at its store in Seoul, South Korea, October 11, 2017. REUTERS/Kim Hong-Ji -
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KIM HONG-JI(Reuters)
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SEOUL (Reuters) - Samsung Electronics Co Ltd <005930.KS> said on Wednesday it had acquired artificial intelligence technology firm Zhilabs to enhance its 5G capabilities, marking a major push into the 5G market.

Zhilabs will continue to operate independently under its own management, Samsung said in a statement.

Samsung did not disclose financial terms of the deal.

(Reporting by Heekyong Yang; Editing by Gopakumar Warrier)

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