Samsung Acquired Egyptian AI Search Engine Startup Kngine
Samsung has acquired Kngine – an Egyptian AI search engine startup, fully dedicated to the idea of making an AI which learns and evolves just like a human does. It is supposed as an step towards improving the next version of its virtual assistant – Bixby 2.0.
Bixby is a virtual assistant developed by Samsung Electronics which is a voice-powered digital assistant.
Kngine is developing a human-like artificial intelligence by allowing it to answer questions after learning from reading documents, books, manuals, searching the web, and more. The engine works in phases – first, it processes the question. Then it proceeds to break it down into sub-questions and forms an answering plan. Finally, the engine ranks the answers it has found, giving you the most suitable in the end.
Samsung has co-invested in Kngine way back in 2014, alongside Vodafone Ventures Egypt. The acquisition of Kngine actually happened last year through Samsung Research America – a Samsung affiliate company which acquired 100% of the shares in Kngine.
Earlier to this, Samsung has acquired Fluenty, which is developing AI-based communication solutions (aka chatbots) and invested in Reactor Labs, also in the AI-development business. Apart from this, Samsung has also invested in Expect Labs and Vicarious.
Recently in India, Samsung and Jio has tied up together to build nation wide cellular IoT network in India.