Science & Technology

Samsung to Acquire Startup Oxford Semantic

On Thursday, July 18, Samsung Electronics announced it has agreed to acquire Oxford Semantic Technologies, a United Kingdom-based startup specializing in technologies that can be used for more sophisticated artificial intelligence apps.

Samsung to Acquire Startup Oxford Semantic

There is currently no information about the cost of the mentioned deal. Samsung has decided not to disclose relevant information. The acquisition of the startup reflects the company’s commitment to development in the area of artificial intelligence.

Oxford Semantic Technologies specializes in knowledge graph technology, which stores information as an interconnected web of related ideas and reflects the human reasoning process. This technology can be used for more personalized artificial intelligence apps, including, for example, AI on Samsung smartphones.

It is worth noting that against the backdrop of the active spread and implementation of artificial intelligence in various functional processes. In this context, it should be noted that scammers also have access to the mentioned advanced technology. One of the tools to combat cybercrime is the personal awareness of users. For example, a query in an Internet search engine such as how to know if my camera is hacked will allow anyone to obtain information about signs of unauthorized access to a device.

It is also worth noting that the use of artificial intelligence makes the activities of fraudsters more difficult to detect. Digital literacy, provided that relevant knowledge is periodically updated, allows users to identify activity coming from cyber criminals.

Serhii Mikhailov

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Serhii’s track record of study and work spans six years at the Faculty of Philology and eight years in the media, during which he has developed a deep understanding of various aspects of the industry and honed his writing skills; his areas of expertise include fintech, payments, cryptocurrency, and financial services, and he is constantly keeping a close eye on the latest developments and innovations in these fields, as he believes that they will have a significant impact on the future direction of the economy as a whole.