AI, Samsung and operating profit
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In a remarkable week, the titans of the near-$1 trillion global memory industry smashed profit records. It took days before investors stopped selling — a testament to the depth of anxiety in markets about an AI bubble.
Samsung unveiled its first intelligent eyewear at Galaxy Unpacked, built with Gentle Monster and Warby Parker. The glasses run Gemini AI, offering hands-free translation, note taking, and navigation for everyday wear.
South Korea's chip heavyweights SK Hynix and Samsung Electronics soared more than 20% on Friday, tracking a sharp rally in U.S. technology stocks.
Samsung announced last week that it is launching a fully integrated AI-powered personal health assistant for Samsung Health. Its mission is to provide cohesive AI driven insights for its users, bringing together unstructured and fragmented datasets across apps,
Samsung is reportedly weighing a €1 billion investment in Mistral, giving the French AI lab a possible €20 billion valuation as Europe pushes sovereign AI.
The latest AI Health Assistant aims to use AI to turn sleep, nutrition and vitals into actionable guidance.
South Korean technology giant Samsung Electronics has reported a record operating profit of $62 billion for the April-June quarter.
Samsung Electronics said on Saturday it struck a pact with U.S. chip designer Broadcom to widen cooperation across memory chips, contract chip making and advanced packaging envisaged to exceed $200 billion until 2030.
Samsung expects AI memory shortages to deepen through 2027, with hyperscalers and premium devices securing supply first while consumer electronics face tighter availability.