Samsung bought the company’s speech recognition

Samsung купила компанию по распознаванию речи

The amount of the transaction could reach € 40 million.

The South Korean company Samsung acquired the Greek company Innoetics, which develops speech recognition technology. According to sources at TechCrunch, the amount of the transaction could reach € 40 million.

Developed by the Greek company technology allows you to recognize and memorize the words and convert them to text.

We will remind, in 2016 Samsung bought for $ 215 million the developer of voice assistant based on artificial intelligence Viv Labs. Previously this company created a Siri voice assistant for Apple.

Earlier it was reported that the profit of Samsung in the global smartphone market has declined significantly under the influence of strong competition.