Friday, April 19, 2024

Samsung has a $300 million fund aimed at smarter cars

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Samsung is planning to get ahead in the connected car market with a new $300 million fund focused entirely on auto-related startups and technologies. The Samsung Automotive Innovation Fund has been earmarked for smart sensors, machine vision, artificial intelligence, safety solutions and more, and will help even the playing field between the company and its biggest rivals. Intel paid $15.3 billion last month to acquire Mobileye, while Qualcomm is currently in the process of buying aut…
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