Samsung Electronics Co. has reported a remarkable increase in both sales and profit, marking its fastest growth in years. This surge is largely driven by a revival in memory chip demand fueled by the global acceleration of artificial intelligence (AI) development. The world’s largest manufacturer of memory chips and smartphones saw a 15-fold increase in operating profit, reaching 10.4 trillion won…
At the headquarters of BYD Co. in Shenzhen, there’s a wall crammed floor to ceiling with about a thousand framed patents representing more than 30,000 innovations the electric-vehicle maker’s billionaire founder, Wang Chuanfu, and his army of engineers have devised. These patents, including the low-cost lithium-iron-phosphate battery now used by rivals like Ford, Tesla, and Toyota, are turning Wang’s company…
Google's greenhouse gas emissions in 2023 were 48% higher than in 2019, according to its latest environmental report. The tech giant attributes this surge to the increasing amounts of energy needed by its data centers, exacerbated by the explosive growth of artificial intelligence (AI). AI-powered services involve considerably more computer power—and so electricity—than standard online activity, prompting a series of…
Micron Technology Inc.’s post-results selloff has sent a stark reminder to global investors about the inherent risks in betting on artificial intelligence chipmakers. Just days after leading AI chipmaker Nvidia Corp. experienced a massive slump, shedding nearly half a trillion dollars, Micron’s shares fell about 8% in extended trading following a forecast that failed to meet the highest expectations. Micron,…
Amazon.com Inc. has reached a $2 trillion market valuation for the first time ever as an artificial intelligence-fueled rally pushed the tech giant deeper into record territory. Shares rose 3.9% on Wednesday to close at $193.61, pushing the market value to more than $2 trillion. The company now joins an elite club of a handful of peers that have surpassed…
Google has officially launched the Gemini side panel, formerly known as Duet AI, across its suite of Workspace applications, following its announcement at I/O 2024. This rollout extends the capabilities of Gemini 1.5 Pro to paid customers using Gmail, Google Drive, Docs, Sheets, Slides, and Google One AI Premium. Enhanced Productivity Across Applications The Gemini side panel introduces advanced AI…
YouTube is set to prompt iOS users to allow broader tracking for more personalized ads. This new feature, expected to roll out soon, seeks user consent for tracking activities across other companies' apps and websites. With iOS 14.5, Apple introduced a mandatory opt-in for app tracking, compelling app developers to request explicit permission from users. In response, many apps, including…
Samsung isn’t waiting around for Oura to file any patent claims over its forthcoming smart ring. Instead, it’s preemptively filed its own suit against Oura, seeking a “declaratory judgment” that states the Galaxy Ring doesn’t infringe on five Oura patents. The suit alleges that Oura has a pattern of filing patent suits against competitors based on “features common to virtually…
NVIDIA Corporation's shares have soared more than 200% over the past year, fueled by robust demand for its cutting-edge semiconductor technology and a favorable market environment. As one of its most bullish analysts predicts a continued rally, NVIDIA is on track to achieve a staggering market valuation of nearly $5 trillion within the coming year. NVIDIA’s stock has seen a…
Apple has reclaimed its throne as the world's most valuable company, overtaking Microsoft on June 12. This surge is largely attributed to Apple's advancements in artificial intelligence (AI) technology, which have fueled investor confidence and driven a significant rise in its stock value. Apple's shares (AAPL.O) soared nearly 4% to reach an all-time high of $215.04, propelling its market valuation…
