Samsung's Catalyst Fund Is on the Hunt for the Next Big Thing
*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).
While it was a volatile week in tech as Meta experienced the biggest one-day drop in the history of the U.S. stock market, industry giant Amazon reported 40 percent growth — largely on the strength of the cloud. Dan Ives, managing director of equity research at Wedbush Securities, joined Cheddar News to break down how the e-commerce company stock managed to pop despite headwinds against its core retail business. "It's all about cloud because of sum of the parts, you could argue, amazon could be $3,500/$4,000 stock just based on cloud," he said. Ives also addressed the apparent the differing impact of Apple iOS changes on Facebook and Snapchat.
Following Ford's earnings miss, the stock price dropped despite a bullish outlook from the auto giant. Karl Brauer, an executive analyst with ISeeCars.com, joined Cheddar to break down why investors may not be sold on the carmaker because of the ongoing factor of supply constraints. "The product is not an issue. There's really good product coming from them, including the electric vehicle side, and the demand is not an issue. There's plenty of demand, but nobody really has a solid grasp on when we're going to get past the supply chain issue," said Brauer.
Image-sharing app Pinterest reported big beats on its Q4 earnings for the top and bottom lines. The social platform surprised investors after seeing a decline in users while earnings and revenue were much higher than expected.
