Samsung has agreed to acquire Oxford Semantic Technologies, a UK startup company.
Takeaway Points
- Samsung has agreed to acquire Oxford Semantic Technologies, a UK startup company.
- It has been collaborating with Oxford Semantic Technologies on various projects since 2018.
- The UK startup firm specializes in knowledge graph technology, which stores information as an interconnected web of related ideas and processes data just like humans.
Which company did Samsung Electronics acquire?
Samsung Electronics said on Thursday that it has signed an agreement to acquire Oxford Semantic Technologies, a UK startup specializing in knowledge graph technology.
The Electronics company said it has been collaborating with Oxford Semantic Technologies on various projects since 2018, including the investment of Samsung Ventures, and with this acquisition, it will secure advanced core engines for personal knowledge graphs.
Peter Crocker, CEO of Oxford Semantic Technologies, said that they are happy to work with Samsung and that by combining Samsung’s expertise and their advanced knowledge graph, they will give Samsung customers a better experience.
“We are delighted to be working with Samsung. By integrating Samsung’s expertise in user experience and data with our advanced knowledge graph and reasoning technology, we will provide Samsung’s customers with even more sophisticated personalization. In addition, developing RDFox with Samsung, and being part of the larger group, will provide all of our clients with an even better product, service and support, Peter said.
Paul Kyungwhoon Cheun, Head of Samsung Research and CTO of Samsung Electronics, commented, saying, “As global consumers realize their growing need for more personalized AI experiences, the acquisition of Oxford Semantic Technologies will further boost Samsung’s strong capabilities in knowledge engineering.” “This acquisition is another important step forward as we strive to deliver tailor-made AI experiences built upon our hallmark technological innovation.”
The UK startup firm specializes in knowledge graph technology, which stores information as an interconnected web of related ideas and processes data just like how humans acquire, remember, recall, and reason over knowledge, according to the release.
Samsung said that the on-device AI technology will be applied across all of Samsung’s products, from mobile devices to televisions and home appliances.
On Monday, Samsung announced that its researcher, HyoungJin Choi, was named chair of the coordination group on IMT-2030 (6G) at the ITU-R Working Party 5D (WP 5D) meeting held in Geneva, Switzerland, from June 25 to July 2. This is the second time Choi’s chaired a group at the ITU-R involved in 6G standardization, as he had previously led the 6G Vision Group from 2021 to 2023.
Samsung Electronics’ strategic decision to acquire Oxford Semantic Technologies marks a pivotal step in advancing its technological capabilities and market position. By integrating Oxford Semantic’s cutting-edge AI and semantic technologies, Samsung aims to enhance its product offerings and innovate across various sectors.
About Oxford Semantic Technologies Ltd.
Oxford Semantic Technologies is a spin-out of the University of Oxford by leading academics in the field of knowledge representation and reasoning. With its innovative software, RDFox®, the company helps leading companies across many sectors to integrate diverse data sets and apply reasoning across them. Use cases include recommendation engines, product configurators, integration of maps for autonomous vehicles and anomaly detection in financial transactions.
