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).
Arturo Béjar testified before a Senate subcommittee on Tuesday about social media and the teen mental health crisis, hoping to shed light on how Meta executives, including Zuckerberg, knew about the harms Instagram was causing but chose not to make meaningful changes to address them.
Uber missed analysts' projections for earnings per share and revenue this past quarter. Cheddar News takes a closer look at the numbers and explains what to expect for the rest of the fiscal year.
The Air Force is asking Congress to restrict further construction of the towering wind turbines that have edged closer to its nuclear missile sites in Montana, Wyoming, North Dakota, Nebraska and Colorado.
Elon Musk unveiled 'Grok,' his new A.I. chatbot over the weekend, adding that it will be more rebellious than its counterparts. Cheddar News breaks it down.
The trial between Google and the maker of the game Fortnite will begin Monday as a San Francisco jury will hear Epic Games' case claiming the Google Play Store takes an unfair commission on purchases made through apps.
Google on Monday will try to protect a lucrative piece of its internet empire at the same time it’s still entangled in the biggest U.S. antitrust trial in a quarter century.
