Samsung acquires analytics startup Zhilabs to prepare for the coming 5G era
Samsung has made clear that it's got a cash horde of more than $20 billion it wants to spend investing in businesses that will in some way lay groundwork for the company's future growth -- businesses that focus on everything from AI to autonomous cars. 5G is also a component of that, as we see today thanks to the company's announcement of a new acquisition.
Samsung disclosed that it's acquired Barcelona-based Zhilabs, a network analytics startup, and while Samsung hasn't shared terms of the deal, it is saying the purpose is pretty straightforward. The acquisition, according to Samsung, is about helping the company get better prepared for the era of widespread 5G availability.
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Samsung acquires analytics startup Zhilabs to prepare for the coming 5G era originally appeared on BGR.com on Wed, 17 Oct 2018 at 21:03:25 EDT. Please see our terms for use of feeds.