The South-Korean technology company Samsung (005930) has announced it will invest in connected cars and AI via its new 300 million dollars tech fund. Samusung made the announcement during the International Motor Show in Frankfurt last week.
According to the company the new fund, part of the Harman International company, will focus on smart sensors, connected solutions and security. A big part will also be advanced driver assistance services (ADAS). Harman company is known for its navigation services and onboard entertainment systems. The company was bought by Samsung with 8 billion dollars in 2016.
Samsung has also announced that it will start to test autonomous driving in California and Korea.