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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.

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

It's moving beyond its traditional consumer electronics base.

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Samsung

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Samsung Electronics announced it will invest $22 billion into artificial intelligence, 5G cellular technology and auto tech through 2021, per <a class="gtmContentClick" data-vars-link-text="The Wall Street Journal" data-vars-click-url="https://www.wsj.com/amp/articles/samsung-to-spend-over-22-billion-on-ai-auto-tech-and-5g-1533704403" data-vars-content-id="0a0ef2ce-55d2-4642-97c4-b4425d3525ff" data-vars-headline="Samsung to invest $22 billion in AI, 5G through 2021" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.wsj.com/amp/articles/samsung-to-spend-over-22-billion-on-ai-auto-tech-and-5g-1533704403" target="_blank">The Wall Street Journal</a>. 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.

From the Valley to D.C., Big Tech players like Facebook, Google and Amazon are under more scrutiny than ever as new technology develops and privacy and antitrust concerns grow in lockstep with companies’ ambitions.

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

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