pursue new technology
Samsung Just Unveiled a $22 Billion Plan to Pursue New Technology
Samsung Group said Wednesday that it planned to spend $22 billion to pursue new technology in areas like 5G mobile technology and artificial intelligence. The injection of money will be made over the coming three years and will be part of an overall $161 billion investment plan. That sum is 6% greater than the investment made by the South Korean conglomerate over the past three years, according to Reuters. The company said a substantial slice of the overall investment pie will be earmarked for South Korea itself, and that overall the investment will create some 40,000 new jobs. The plan, for instance, will boost Samsung's global roster of advanced AI researchers to 1,000.