Samsung invests in autonomous driving

Samsung isn’t in the business of manufacturing cars but it surely wants to do something about making cars smarter. That’s one of the reasons why it spent more than $8 billion on acquiring Harman International. It has now announced that a new $300 million fund has been created to focus completely on startups and technologies aimed at developing smarter cars. The Samsung Automotive Innovation Fund has a $300 million purse for machine vision, smarter sensors, artificial intelligence, automotive safety solutions, and more. Samsung also announced its first major investment as part of this fund.It’s pouring $89 million in TTTech, a networking and safety control company. It has provided automotive technology to companies like Audi for its flagship A8 sedan. Samsung-owned Harman is also looking to further improve its footing in this market.It already rakes in 65 percent of its sales from its automotive division which supplies infotainment and satnav systems to a wide variety of car manufacturers.I

Samsung invests in autonomous driving

Samsung Electronics Co. says it will spend 75 million euro ($89 million) in TTTech, a Vienna, Austria-based company that provides technologies for auto networks and safety controls to Audi cars ...

Thu 14 Sep 17 from Phys.org

Samsung makes a $300 million push into self-driving cars

Samsung is making a big push into the nascent self-driving car market with a new $300 million fund and a dedicated business unit for developing autonomous technology, the company ...

Thu 14 Sep 17 from The Verge

Samsung Will Spend $300 Million To Make Cars Smarter

Samsung isn’t in the business of manufacturing cars but it surely wants to do something about making cars smarter. That’s one of the reasons why it spent more than $8 billion on ...

Thu 14 Sep 17 from Ubergizmo

Samsung has a $300 million fund aimed at smarter cars

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 ...

Thu 14 Sep 17 from Engadget

Samsung steps up push into autonomous driving technology

SEOUL, South Korea (AP) -- Samsung Electronics Co. said Thursday it will invest 75 million euro ($89 million) in TTTech, a Vienna, Austria-based company that makes autonomous driving ...

Thu 14 Sep 17 from AP

Samsung launches $300M autonomous driving fund, puts $90M into TTTech

 Not to be outpaced in the connected car market by other tech giants, today the world’s largest smartphone maker, Samsung, announced two major pieces of news to further its place ...

Thu 14 Sep 17 from TechCrunch

Samsung enters autonomous driving race with new business, funding

FRANKFURT (Reuters) - South Korea's Samsung Electronics Co Ltd plans to become a major player in autonomous driving, building on its recent $8 billion acquisition of audio and auto parts supplier ...

Thu 14 Sep 17 from Reuters Technology

Samsung Confirms Harman-Made AI Speaker For Next Year

Samsung today confirmed that it’s going to launch an artificial intelligence-powered smart speaker made by Harman in the first half of next year. In case you’re unaware, Harman ...

Tue 12 Sep 17 from Ubergizmo

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