Samsung reportedly invested in another AI technology startup

As tech companies race to outdo each other in the artificial intelligence (AI) market, Samsung reportedly made another investment in an AI technology startup.

An industry source told The Korea Herald that Samsung made a huge investment in DeePhi Tech, a Tsinghua-based startup which develops neural network technologies and neural network hardware architecture. The South Korean company is listed as one of the business partners on DeePhi Tech's homepage alongside MediaTek and Amazon Web Services.

“Samsung made quite a large investment in DeePhi Tech, which a group of Korean developers who met the startup’s officials found surprising,” the source said.

Samsung is said to be interested in DeePhi's neural network-based AI chipsets for mobile devices, which can deliver instantaneous speech recognition, neural language processing and other recognition tasks. Just a month ago, Samsung invested in British AI chip startup Graphcore to speed up development of its AI chips.

Source: The Investor via SamMobile