*By Conor White*
In the arms race between tech giants, there is no such thing as a vacation. For Samsung, it relies on its Catalyst Fund, led by Shankar Chandran, to find the next emerging market.
"A company of our scale, we really have to think about what are those trillion-dollar opportunities?" Chandran asked.
In an interview Friday on Cheddar, Chandran said the Catalyst Fund was on the "front lines", constantly searching for companies and ideas in which to invest.
"The investment team's job is to really be the eyes and ears for the company," he added.
Currently, those eyes are firmly fixed on data and artificial intelligence.
"Almost every single industry will get reinvented by data and A.I. over the next couple of decades," Chandran said.
For Chandran, the value gleaned from combining the two is almost immeasurable.
"Data is the new oil," he said.
Humanity was aware of oil for thousands of years, but it wasn't until the internal combustion engine was created that demand went through the roof, and prices skyrocketed, he added.
"A.I. is the internal combustion engine that changed everything."
For full interview [click here](https://cheddar.com/videos/samsung-catalyst-fund-head-talks-evolution-of-vc).
A Spanish government minister tells The Associated Press that Spain has sent a message with its recent crackdown on Airbnb.
President Donald Trump wants his “big, beautiful” bill of tax breaks and spending cuts on his desk to be singed into law by Independence Day. And he’s pushing the slow-rolling Senate to make it happen sooner rather than later. Trump met with Senate Majority Leader John Thune at the White House early this week and has been dialing senators for one-on-one chats, using both the carrot and stick to encourage them to act. But it’s still a long road ahead for the bill. Senators want to make changes to protect Medicaid and to make sure some tax breaks become permanent. Elon Musk called the whole bill a "disgusting abomination.”
The explosive growth of the data centers is eliciting some pushback.
The fate and fortunes of one of the world’s most powerful tech companies is now in the hands of a U.S. judge.
Wrench attacks, where crypto investors are hit with wrenches to give up passwords, are on the rise.
SpaceX has launched its Starship mega rocket again after back-to-back explosions.
A second cryptocurrency investor has surrendered to police in the alleged kidnapping and torture of a man inside an upscale Manhattan townhouse.
Salesforce is buying AI-powered cloud data management company Informatica in an approximately $8 billion deal.
For Novak Djokovic, this is a relatively easy call. He thinks the French Open is making a mistake by eschewing the electronic line-calling used at most big tennis tournaments and instead remaining old school by letting line judges decide whether serves or other shots land in or out.
A federal judge in Florida has rejected arguments made by an artificial intelligence company that its chatbots are protected by the First Amendment — at least for now.
