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Samsung dedicates $300 million autonomous funds to Automotive Innovation

Samsung dedicates $300 million autonomous funds to Automotive Innovation

Samsung Electronics creates a $300 million fund dedicated to automotive innovation underlining the company’s interest in autonomous car technology. The Samsung Automotive Innovation Fund will be used to invest in startups related to a wide range of auto technology. 

Young Sohn, president and CEO of Samsung Electronics, said, “Automotive advances like autonomous control and advanced driver assistance systems will have a profound impact ....