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Friday, December 8, 2017

Samsung acquires Fluenty a Korean startup company specialized in AI.



Yonhap News Agency reports that Samsung has acquired Fluenty, a South Korean startup that specializes in Artificial Intelligence (AI), to help it improve Bixby's speech recognition system.

According to the news agency, the agreement would be the first acquisition of a South Korean startup company by Samsung. The agreed price is not known.

Fluenty is a company founded in 2015 by former employees of LG Electronics, Naver and Kakao, together with the local accelerator FuturePlay. He has developed an AI-based chat platform that uses automatic learning technology to propose answers.

Samsung introduced Bixby in March and, according to the company itself, is already available in 200 countries and territories. Thanks to this voice-based assistant, Samsung has placed itself in a good position against Apple's Siri, Amazon's Alexa and Microsoft's Cortana.

A few days ago, the giant smartphone manufacturer revealed its plans to create research facilities in AI, and in October opened an AI development laboratory in Canada, in order to accelerate the development of this technology. In 2016, the company acquired Viv Labs, an AI platform development firm, for an amount that could be around 215 million dollars (about 182 million euros).

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