Samsung Electronics may invest $1 billion into acquisitions of artificial intelligence (AI) companies. South Korean outlet Chosun Biz reported on Tuesday that the Seoul-based tech giant is currently considering the idea of establishing a $1 billion fund for that purpose. An anonymous source from the U.S. branch of Samsung Electronics allegedly said that the company may even inject more money into the fund as the aforementioned figure is apparently just the bare minimum that the largest business conglomerate in South Korea believes is worth investing. Apart from direct acquisitions and mergers, the report says that the fund would also be used to purchase stakes in AI companies. Despite the fact that Samsung Electronics recently made some significant investments into AI, the company's management still thinks more similar initiatives are necessary, the source revealed.