Connect with us

Technology

Samsung agrees to acquire British startup Oxford Semantic for AI

Avatar

Published

on

By Reuters | Updated: July 18, 2024

SEOUL, July 18 (Reuters) – Samsung Electronics (005930.KS)said on Thursday it agreed to acquire Oxford Semantic Technologies, a British startup specialising in technology that can be used for more sophisticated artificial intelligence (AI) applications.

Samsung did not disclose the value of the deal.

Oxford Semantic Technologies specialises in knowledge graph technology, which stores information as an interconnected web of related ideas and mirrors the human reasoning process, and can be used to better personalise AI applications such as on-device AI on Samsung phones, Samsung said in a statement.

@ Thomson Reuters 2024