Samsung invests 22 billion in AI and 5G technology development

Samsung is investing 22 billion dollars in 5G networks and artificial intelligence. The aim is for the South Korean company to have a 20% market share in the network equipment market by 2020. The company is currently in the top five.

That’s what Youngky Kim, the head of Samsung’s network department, says. He spoke at WSJ D.Live in California and said that the new generation of networks should unlock the potential of artificial intelligence. Samsung sees 5G as oxygen for artificial intelligence. AI needs a lot of data to be able to respond to you, says Kim. 5G can supply this data, where 4G cannot.

Wide range

Samsung produces half a billion electronic devices every year. It therefore claims to be able to offer exactly what people want. The South Korean technology giant has long been the world’s largest electronics manufacturer in terms of turnover and has also been the largest semiconductor manufacturer since last year.

The company will now invest heavily in 5G and AI. Samsung currently ranks fifth after Huawei, ZTE, Ericsson and Nokia. The fact that Huawei is not allowed to supply network equipment to the United States and Australia is an opportunity for Samsung, which in this way has access to markets to which the Chinese giants do not deserve access.

Samsung is also benefiting from this in South Korea. Two of the three largest telecom providers have decided to exclude Huawei from the bids for building 5G networks. In July, Samsung came up with its own 3.5GHZ and 28GHZ mmWave equipment for South Korea. It also emphasized that global governments and telecom providers have confidence in its equipment.

5G will be commercially available next year. The company is also investing heavily in the development of artificial intelligence.