Aug 8, 2018 - Technology

Samsung to invest $22 billion in AI, 5G through 2021

Samsung storefront in China

Photo: /AFP/Getty Images

Samsung Electronics announced it will invest $22 billion into artificial intelligence, 5G cellular technology and auto tech through 2021, per The Wall Street Journal.

Why it matters: With the move, the company is set to move beyond its traditional consumer electronics base by strategically turning its gaze to the technologies of the future, creating 40,000 jobs in the process.

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