Samsung to spend $A30 billion on AI

Samsung to spend $A30 billion on AI

The numbers being proposed are much higher than the 25,000 the company hired in the recent three years.

The company's investment will especially focus on emerging industries, such as artificial intelligence, fifth-generation network and bio technologies.

In the field of AI, which is becoming a priority for almost every technology company on the planet, Samsung said its aim was to increase its number of AI researchers to about 1,000 globally.

The scion of the founding family, Lee was jailed previous year for his part in the graft scandal that brought down former president Park Geun-hye.

Samsung said 130 trillion won, or 72 percent of the amount, will be allocated to South Korea.

While Samsung Electronics, the world's largest manufacturer of chips and smartphones and the flagship company of the group, have not said how the investment will be distributed.

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With his case to be reviewed by the Supreme Court, coupled with incumbent President Moon Jae-in's drive to impose tougher restrictions on family-controlled conglomerates, industry watchers said Lee sought to recover the group's public reputation and build a better relationship with the government through the investment.

The total planned investment of 6% exceeds the volume of investments in the last three years.

On the education front, the company is setting up a number of software education centers in South Korea, offering training and "employment consulting" to about 10,000 students and job candidates.

The announcement came two days after South Korean Finance Minister Kim Dong-yeon met the group's de-facto head Lee, calling for Samsung to create new jobs and boost the economy. A total amount of 110 billion won will be raised for the program, with Samsung accounting for 60 billion won.

This still gives it a market share of 20.6 per cent, but even Samsung acknowledged in its results that sales of its newer devices hadn't been as good as excpected.

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