Samsung agrees to acquire British startup Oxford Semantic for AI


SEOUL (Reuters) – Samsung Electronics 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.
SEOUL (Reuters) – Samsung Electronics 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.
(Reporting by Joyce Lee; Editing by Himani Sarkar)
Artificial intelligence (AI) refers to the simulation of human intelligence in machines designed to think and act like humans. AI applications include machine learning, natural language processing, and robotics.
A knowledge graph is a structured representation of information that connects various concepts and entities, allowing for enhanced data retrieval and personalization in applications, particularly in AI.
A startup is a newly established business, often in the early stages of development, typically focused on innovative products or services and aiming for rapid growth.
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