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Samsung, Alibaba lead $40M round for Chinese AI start-up

Published 10/24/2017, 02:43 PM
© Reuters.  Samsung, Alibaba lead $40M round for Chinese AI start-up
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  • Samsung (KS:005930) (OTC:SSNNF, OTC:SSNLF) and Alibaba-backed (NYSE:BABA) Ant Financial lead a $40M investment round in Chinese AI start-up DeePhi Tech.
  • Samsung could have an interest in DeePhi’s Aristotle and Descartes architectures.
  • Aristotle can compute convolutional neural networks including video and image recognition and is scalable for servers and portable devices.
  • Descartes implements compressed recurrent neural networks and can handle FPGA instant speech recognition, neural language processing, and other types of recognition.
  • Samsung was involved in a separate funding round in August, and last fall participated in a $30M round for Korean AI chipmaker Graphcore.
  • Previously: U.S. judge orders new trial to decide how much Samsung owes Apple (NASDAQ:AAPL) (Oct. 23)
  • Now read: Alibaba 's Revenue Is Not Overstated

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