Samsung buys AI tech firm Zhilabs to boost 5G capabilities

Marking a major push into the 5G market

Reuters October 17, 2018
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the logo of samsung is seen on a building during the mobile world congress in barcelona spain february 25 2018 photo reuters
The logo of Samsung is seen on a building during the Mobile World Congress in Barcelona, Spain February 25, 2018. PHOTO: REUTERS
SEOUL: Samsung said on Wednesday it had acquired artificial intelligence technology firm Zhilabs to enhance its 5G capabilities, marking a major push into the 5G market.

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Zhilabs will continue to operate independently under its own management, Samsung said in a statement.

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Samsung did not disclose financial terms of the deal.
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