Samsung Launches $300 mn Autonomous Driving Fund
The world's largest phone producer is breaking into the automotive tech world. Samsung reported which it has determine up a $300 mn fund to invest in automotive startups and autonomous driving technology. Alphabet and Tesla have been testing autonomous driving technologies and Samsung elect Intel acquired Mobileye final 30 days in its own effort to get in the market. This isn't Samsung's premier investment in automotive startups. Previously, the firm has invested in AImotive and Renovo for automated driving, as well as other tech companies like Quanergy and Graphcore.
Samsung Creates $300M Autonomous Driving Fund for AI, HPC Research
as informed in Samsung is creating a new $300 mn Automotive Innovation Fund to more its work in the growth of autonomous and connected vehicles as the firm seeks to broaden its involvement in the growing marketplace. The fund going to focus on connected motorcar and autonomous technologies, involving Intelligent sensors, machine vision, artificial intelligence, high-performance computing, output connectivity, automotive-grade safety technologies, safety and privacy as Samsung works to merge many of its varied products into vehicles. The new business unit going to work with the Samsung Strategy and Innovation Center Intelligent machines team to develop new technologies for safer and smarter connected vehicles. "The Autonomous/ADAS strategic business unit and automotive fund reflect the company's commitment to the values of unlock innovation and collaboration. "This strategic business unit demonstrates Samsung's and HARMAN's commitment to answer which call."collected by :Molly Tony
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