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Tuesday, April 30, 2013
Samsung And Intel Invest In Siri Alternative

Intel Capital, Samsung Venture Investment Corporation (SVIC), and Telefonica Digital, have invested in Expect Labs, a San Francisco startup that is developing a platform to power a new generation of intelligent digital assistants.

Expect Labs develops the Anticipatory Computing Engine, a commercial solution designed to analyze and understand conversations in real-time and find related information.

Over the past two years, Expect Labs' experts have developed a new class of technologies to understand the meaning of continuous conversations. Based on this understanding, Expect Labs' platform can model the context of your interactions in real-time, and find information you may want before you need to search for it.

As part of this new strategic investment, Expect Labs will begin working to enable new types of context-aware, predictive intelligence in a wide variety of applications and devices.

Intel Capital, Intel's global investment organization, has been investing in a wide range of hardware and software technologies to both make computing devices more intelligent and context-aware and to help create new types of user interfaces driven by voice, touch, and gesture.

"We are entering an era where the computing devices in our lives will not only be able to understand what we say, but they will also do a much better job anticipating the information we may need, "said Dave Flanagan , Intel Capital. "We look forward to working with Expect Labs to explore ways to achieve this vision."

Samsung Venture Investment Corporation (SVIC) is the global investment arm of Samsung. Through this partnership, SVIC expects to empower Expect Labs to enable new types of intelligent, voice-driven and context aware behavior across a wide range of devices including smartphones, tablets and smart TVs.

Telefonica is one of the largest telecommunications operators worldwide. As part of its investment, Telefonica intends to utilize Expect Labs' technology and expertise to enhance several product lines including next-generation communications applications and advertising initiatives.

Intel Capital, Samsung Venture Investment Corporation and Telefonica Digital will join Expect Labs' existing investors, including Google, Greylock, Bessemer, IDG Ventures, KPG Ventures, Quest Venture Partners as well as several angel investors.

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