Samsung ups R&D investment to lead the AI race

According to a new report from Reuters today, Samsung Electronics plans to invest KRW 110 trillion, or approximately $73 billion, in research and development and facilities « in a bid to lead the semiconductor industry in artificial intelligence ».

In a corporate filing, Samsung also revealed that it is pursuing « meaningful mergers and acquisitions » in areas like robotics, medical technology, automotive electronics, and air conditioning solutions.

To put the number in perspective, Samsung says it invested a total of KRW 90.4 trillion, or approximately $60 billion, in R&D last year. So…