Samsung will invest $20 billion in AI, 5G, and auto components

Samsung is looking to invest around $20 billion into research regarding emerging technologies like artificial intelligence over the next three years, according to a report from CNBC. The investment is only a small part of a larger $161 billion pool that would go toward component research and capital expenditures.

The $20 billion sum would primarily be used to look into a variety of new technologies to support building components for future cars, use in the pharmaceutical industry, and other use cases like artificial intelligence and 5G mobile capabilities. Samsung said that 40,000 jobs would be created over the course of the next three years, and 1,000 of those positions would be for AI researchers in centers around the world.

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