Samsung buys Zhilabs to boost 5G/IoT analytics capabilities

Fully owned by Samsung, Zhilabs will continue to operate independently under its own management. Samsung is betting that Zhilabs, which uses artificial intelligence to analyze network data, would help its transition to newer 5G gear, as it uses automated network analytics tool for fast data crunching. SEOUL (Reuters) – Samsung Electronics said on Wednesday it has bought Barcelona-based network data analysis firm Zhilabs, as the South Korean giant gears up to launch products for connected devices and 5G mobile services that require fast data crunching. Established in 2008, Zhilabs provides analyses of network condition, performance, and data traffic for about 50 telecom companies. Samsung did not disclose the value of the deal, which marks the first announced acquisition in new technologies since companies in the Samsung group pledged in August a 25 trillion won ($22.23 billion) investment in artificial intelligence, 5G, electronic components for autos, and biopharmaceuticals.

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