Samsung to Invest $22 Billion in AI and 5G

Samsung Group, South Korea’s largest conglomerate, has announced that it will be investing 25 trillion Korean won ($22 billion) into four key growth areas over the next three years.

These key areas include artificial intelligence, 5G, new-age electronics for cars and enhanced biopharmaceutical production.

“In AI, Samsung plans to significantly expand its research capability, increasing the number of advanced AI researchers to 1,000 across its global AI Centers,” the Company said.

“It will also invest aggressively to become a global player in the advanced markets for 5G chipsets and related devices and equipment.”

Samsung further revealed that it expects to create approximately 40,000 new jobs over the next 36 months, as a result of both these pledges and the firm’s wider investment plan that could rise to as much as 180 trillion won ($161 billion).