Samsung takes wraps off $150 million fund for early startups

Are you building the next big thing in virtual reality, artificial intelligence or the internet of things? If so, you probably would be interested in the $150 million fund announced Wednesday by Samsung Next, formerly known as the Samsung Global Innovation Center.

The latest fund targets pre-seed (typically used to build a core team and initial prototypes) to series B investments, David Eun, president and founder of Samsung Next, said in a statement from the Consumer Electronics Show in Las Vegas. Samsung's venture arm on Wednesday also announced its rebranded name and new website.

 

The Furrion Prosthesis is the giant racing mech you've always wanted

It's no Mobile Suit Gundam, but Furrion's Prosthesis racing mech is one of the most ridiculously neat things we've seen at CES 2017.

It's the first mech in what its parent company hopes will become a racing series. It started life as an art project, as a machine that humans could use to walk around. But then the idea grew until it was positioned as a first-of-its-kind racing mech. And you have to admit, racing mechs sounds pretty great.

 

Samsung kicks off CES event with Note 7 mea culpa

Samsung sure didn't take long to address the elephant in the room at CES -- its exploding Galaxy Note 7.

The company kicked off its press conference, which typically highlights its shiny new TVs and home appliances, with an acknowledgement that the company has work to do to regain customer trust.