Kngine: Samsung Acquires Egyptian Startup Kngine

South Korea-based Samsung Electronics announced on March 6 the acquisition of Egyptian artificial intelligence startup Kngine to improve its virtual assistant Bixby, developed by Samsung Electronics.The acquisition was made by the Samsung affiliate Samsung Next that acquired a 100-percent share of Kngine.The acquisition is considered a big victory for the Egyptian startup that had struggled to raise investments after securing its first round, and had to move to the United States to raise more money.© 2018 Al Bawaba (www.albawaba.com)read more