Technology

Samsung is diving deeper into artificial intelligence after it announced a new fund focused on AI technologies and startups.

The Korean firm‘Samsung NEXT Q Fund& is targeted at seed and Series A deals for startups that are &solving AI problems, as well as those using AI to solve computer science problems.& In particular, the announcement revealing the new fund mentioned areas that include learning in simulation, scene understanding, problem learning programs and human computer interaction.

The fund itself doesn&t have a dedicated kitty, it instead invests from Samsung$150 million U.S. Next Fund, which was announced last year and is focused on early-stage companies in emerging tech verticals.

The Q fund has already cut checks, though. To date it has backed a number of companies, one of which isCovariant.AI — a startup that teaches skills to robots.

&For the past ten years, we&ve watched software eat the world. Now, itAIturn to eat software. We&re launching Q Fund to support the next generation of AI startups who look to scratch beyond the surface of what we know today,& said Samsung NEXT Ventures&Vincent Tang in a statement.

Every business is in a competitive environment, and each is trying to gain and maintain that competitive edge. Businesses have a variety of metrics they track, from accounts receivable to market share. Traditionally these parameters were tracked in ledgers, and this was subsequently transitioned into spreadsheets.

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