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Musk confirmed that Tesla will livestream the launch event for its Roadster electric sports car.On September 14th, Business Insider, citing a source familiar with the matter, reported that Anthropic has chosen Nasdaq as the listing venue for its potential IPO. Another source indicated that the company, planning to list in October, has chosen Nasdaq, meaning the exchange has won another significant competition. Earlier this year, Nasdaq successfully secured a listing for SpaceX, which is valued at $1.75 trillion. Some estimates suggest Anthropic could be valued at $2 trillion, although this figure is not yet finalized. Previously, OpenAI CEO Sam Altman stated that OpenAI would not be going public at this time due to the controversy surrounding the potential existential threat of AI to humanity.On September 14th, the Yemeni government forces stated on the 13th that in the month-long conflict between the government forces and Houthi rebels along Yemens western coast and related islands, the government forces suffered approximately 2,000 casualties, while the Houthis suffered over 1,000 deaths and thousands of injuries. According to a statement released by the Yemeni military group "National Resistance Forces" and cited by Yemeni state television, the casualties occurred between August 9th and September 10th. The statement said the conflict began with Houthi attacks on the "National Resistance Forces" using missiles and drones, and subsequently spread from southern Hodeidah province on the Red Sea coast to the neighboring Taiz province.September 14th - According to the Jerusalem Post, Trump hinted on Sunday that the US might remain in Iran and "take the oil," comparing it to the US push to control one-fifth of Venezuelas vast oil reserves. Trump was in Ireland for talks and to watch a golf tournament. He reiterated that he still expects the war with Iran to end this year, but it could not end until shortly after the US midterm elections in November. However, Trump also raised an alternative to ending the war: continued involvement in Iranian affairs. He compared this to the agreement reached in Venezuela. Trump stated, "Ultimately we will leave Iran unless we decide to stay and take the oil, like we did in Venezuela." He also claimed that the revenue the US received from Venezuela has "multiple times paid for the costs of the war."On September 13th, according to foreign media reports, US President Donald Trump appeared to reject calls from several high-ranking figures in the artificial intelligence field on Sunday to slow down the development of AI models. During an interview at the Irish Open golf tournament, Trump said, "We are the most advanced country in the world, and frankly, I want that to continue. Whoever wins in AI wins everything." On Saturday, three of the most influential leaders in the AI industry—Anthropic CEO Dario Amodei, OpenAI CEO Sam Altman, and xAI founder Elon Musk—jointly supported slowing down the pace of AI model capability improvements. Trump said, "I think there are a lot of negative forces pushing this thing that shouldnt even be brought up. Theyre bringing up things that simply wont happen."

Samsung Elec announces a higher Q2 profit owing to solid server-chip demand

Charlie Brooks

Jul 07, 2022 11:18


Samsung Electronics (OTC:SSNLF) Co Ltd announced its greatest April-through-June profit since 2018 with an 11 percent year-over-year gain, as demand for its memory chips from server customers more than offset decreased sales to smartphone manufacturers due to inflation.


The world's leading memory chip and smartphone manufacturer stated Thursday that its second-quarter operating profit grew to 14 trillion won ($10.73 billion) from 12.57 trillion won a year earlier.


It was quite close to Refinitiv's SmartEstimate of 14,45 trillion won.


In agreement with market estimates, Samsung (KS:005930) announced in a short earnings report that sales likely climbed by 21 percent year-over-year to 77 trillion won.


This month, Samsung will provide detailed financial results.


Large U.S. IT companies that rely heavily on data center services continued to acquire chips to meet cloud demand, insulating Samsung's chip revenue from a potential client oversupply after two years of high demand.


According to the data source TrendForce, the price of some DRAM chips, which are utilized in electronic devices and servers, decreased by around 12 percent last month compared to the same time period one year prior. As demand for smartphones and laptops decreases, analysts believe that prices will continue to fall.


"Server DRAM is currently the only feasible sales channel... As a result, Korean manufacturers were the first to signal a willingness to contemplate a quarterly price cut of more than 5 percent (for server goods) "DRAMS," according to TrendForce.


According to TrendForce, the costs of NAND Flash chips, which are used in electronic devices for data storage, are projected to decline by as much as 5 percent between July and September compared to the previous quarter.


Following two profitable pandemic years in which customers purchased devices for remote work, chipmakers throughout the globe are observing a fall in demand.


According to analysts, rising prices, worries of a dramatic market collapse, the Ukraine war, and China's COVID-19 lockdowns have hampered smartphone sales, leaving server chip demand as the only bright light.


During morning trade, the price of Samsung's stock jumped by 0.9%.


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