OpenAI and several Samsung affiliates signed a letter of intent (LOI) that will help AI advancements quicker. Different Samsung affiliates will work on different objectives with Samsung Electronics aiming to supply high-performance DRAM chips to support OpenAI’s “Stargate” initiative. With the plan to manufacture up to 900,000 wafers of DRAM per month, this accelerated capacity […]
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Korean court acquits Samsung Chairman JY Lee
The appellate court today ruled in favor and clearing Samsung Electronics’ Chairman JY Lee of any financial wrongdoings. The Seoul high court stood by the lower court’s verdict from last February and found Lee not guilty of any accounting fraud or stock manipulation during the 2015 merger of two Samsung affiliates, Cheil Industries and Samsung […]
Samsung’s AI Leap: Building its first AI data center; eyeing $1 Billion annually through cloud services
Samsung SDS, the IT services arm of the South Korean tech behemoth, is setting its sights on a new frontier in technology: artificial intelligence. With plans to establish its first AI-focused data center, Samsung is poised to tap into the surging global demand for AI computing power, marking a significant milestone in its expansion strategy. […]
Samsung’s Q1 2024 Earnings Guidance hints at a good financial quarter
Samsung today announced its earnings guidance for the first quarter of 2024 and the quarter seems to have ended positively for the Korean giant. According to the guidance, Samsung’s consolidated sales reached approximately 71 trillion Korean won and operating profit up to 6.6 trillion Korean won. These estimates based on K-IFRS beat the previous quarter’s […]
Samsung BKC is company’s first lifestyle store in India
Not to be outdone by Apple with their exclusive store, Samsung this week opened their first Online-to-Offline (O2O) lifestyle store in India at Jio World Plaza mall, not far away from Apple’s store. Samsung has a strong physical presence in the country but with this store, Samsung aims to offer customers curated experiences and real-life […]