TechTaffy

tech:

taffy

All Samsung Devices To Be IoT-Enabled In Five Years

By TechTaffy Desk

samsung

Consumer electronics giant Samsung is betting heavily on the Internet of Things (IoT). To begin with, the company is investing $100 million on the development community in the coming months. The funds will be used for accelerators, funding developers and startups, among other things. By 2017, 90% of all Samsung products will be IOT devices, includes all TV and mobile devices, says Samsung. Not only that, five years from now, by roughly 2020, every single Samsung device will be an IoT device, whether CD player or oven.

Delivering his keynote speech at CES 2015, Samsung’s CEO for the Consumer Electronics division, Boo-Keun Yoon, also promised he would keep the IoT ecosystem always open for Samsung. Mr. Yoon also repeatedly called for collaboration between different industries and interoperability between various companies for a truly connected experience.

“Samsung is devising many innovative components and smart devices,” says Mr. Yoon. Examples include sensors that are not only more precise, but also context-aware. Samsung is also wroking on a sensor that can identify twenty different smells.

IoT sensors are always on, and always connected; which means power management will be crucial. Samsung says it is working on two new processors – ePoP and Bio Processor – to address energy efficiency.

[Image courtesy: Samsung]

Just in

Series A

Tembo raises $14M

Cincinnati, Ohio-based Tembo, a Postgres managed service provider, has raised $14 million in a Series A funding round.
Around the web

Raspberry Pi is now a public company — TC

Raspberry Pi priced its IPO on the London Stock Exchange on Tuesday morning at £2.80 per share, valuing it at £542 million, or $690 million at today’s exchange rate, writes Romain Dillet. 
Fundings

AlphaSense raises $650M

AlphaSense, a market intelligence and search platform, has raised $650 million in funding, co-led by Viking Global Investors and BDT & MSD Partners.
Around the web

Elon Musk’s xAI raises $6B to take on OpenAI — VentureBeat

Confirming reports from April, the series B investment comes from the participation of multiple known venture capital firms and investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz (A16z), Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, writes Shubham Sharma. 
IT

Capgemini partners with DARPA to explore quantum computing for carbon capture

Capgemini Government Solutions has launched a new initiative with the Defense Advanced Research Projects Agency (DARPA) to investigate quantum computing's potential in carbon capture.