Samsung Electronics acquired Zhilabs, a Barcelona, Spain-based provider of Artificial Intelligence (AI)-based network and service analytics solutions.
The amount of the deal was not disclosed.
The acquisition will allow the company to further enhance its 5G capabilities whereas AI-based automation will play a central role in Industrial Internet of Things (IIoT) and connected car applications, which will require advanced automated solutions and network analytics.
AI-based solutions can be used to analyze user traffic, classify application being used, and improve overall service quality which can no longer be addressed by existing solutions.
Zhilabs, fully owned by Samsung, will operate independently under its own management led by Joan Raventós, CEO.
In addition to the acquisition, Samsung will continue to strengthen its automation solutions that measure the quality of each user service and can also automatically optimize service quality without human intervention. The company will also explore and invest in other business opportunities powered by the emerging technologies.
In August, Samsung announced plans to boost investments in businesses that will drive its future growth, committing to a KRW 25 trillion investment over the next three years in the areas of artificial intelligence (AI), 5G, automotive electronics components and biopharmaceuticals.
FinSMEs
17/10/2018