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Samsung has announced a new Internet of Things platform called Artik

Although its expected to be worth tens of billions of dollars in the near future, the Internet of Things market is still in its infancy, which means there’s still plenty of room for companies to establish a dominant position in the market. Samsung is not only doing this by releasing its own products, the company has announced a new platform known as Artik that it hopes will power the IoT devices of the future. 

Samsung just revealed the next piece of its sweeping Internet of Things strategy: a family of processors that can power everything from servers and smartphones to drones and wearables. Speaking at the Internet of Things World conference in San Francisco Tuesday, Samsung’s president, Young Sohn, showed off the company’s new Artik platform, three new processors backed by custom software, to help developers create new sensor-enabled devices. Central to the Artik platform are the three processors: the ARTIK 1, ARTIK 5 and ARTIK 10 modules, which are able to power a range of connected devices. The smallest module is the Artik 1, which is meant to for small low-power devices. It will cost “less than $10,” Sohn said, though he didn’t give an exact price. The ARTIK 5 is the mid-range processor of the three — about the size of a quarter — and is meant to power devices like smartwatches and drones. It has a 1GHz dual-core processor, 512 MB of DRAM and 4 GB of flash memory and has Wi-Fi, bluetooth and video encoding capabilities.

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