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Samsung Electronics Co. has reported a remarkable surge in sales and profit, marking the fastest pace of growth in years and signaling a robust recovery in the memory chip sector. The world’s leading manufacturer of memory chips and smartphones recorded a 15-fold increase in operating profit, reaching 10.4 trillion won ($7.5 billion) for the quarter...

Operating profit for the three months ended June 30 dropped 58% from a year earlier to 195.3 billion won ($141 million), the Seoul-based company said Monday. That was lower than estimates of 282 billion won, according to data compiled by Bloomberg. Excluding a tax credit from the US Inflation Reduction Act, LG made a 252.5...

Threads, Meta’s alternative to X (formerly Twitter), has hit 175 million monthly users a year after its out-of-the-blue launch. “What a year,” Meta CEO and Facebook founder Mark Zuckerberg said Wednesday on Threads in announcing the platform had reached the threshold. Threads, which hit app stores on July 5 last year, is a spin-off of...

Google’s greenhouse gas emissions in 2023 were 48% higher than in 2019, according to its latest environmental report. The tech giant attributes this rise to the increasing energy demands of its data centres, driven by the explosive growth of artificial intelligence (AI). AI-powered services require significantly more computing power—and therefore more electricity—than standard online activities,...

Amazon.com Inc. has reached a $2 trillion market valuation for the first time ever, driven by an artificial intelligence-fueled rally that has pushed the tech giant deeper into record territory. Shares rose 3.9% on Wednesday to close at $193.61, elevating the company’s market value to over $2 trillion. This milestone places Amazon in an elite...

Micron Technology Inc.’s post-results selloff sent a fresh reminder to global investors about the risks inherent in bets on artificial intelligence chipmakers. Days after leading AI chipmaker Nvidia Corp. saw nearly half a trillion dollars wiped off its market value, Micron shares fell about 8% in extended trading following a forecast that fell short of...

YouTube will soon prompt iOS users to opt into more personalized advertising by allowing tracking across other apps and websites. This move aligns with Apple’s App Tracking Transparency (ATT) policies introduced in iOS 14.5, which require apps to get explicit user consent for broader tracking. New Consent Mechanism on iOS Starting soon, YouTube will introduce...

Google has officially launched the Gemini side panel to enhance productivity across its suite of Workspace applications, including Gmail, Google Docs, Sheets, Slides, and Drive. This rollout follows its announcement at I/O 2024 and marks a significant expansion of Google’s AI-powered tools aimed at improving user workflows. Introduction of Gemini Side Panel Initially known as...

At the headquarters of BYD Co. in Shenzhen, a wall crammed floor to ceiling with about a thousand framed patents showcases the more than 30,000 innovations that the electric-vehicle maker’s billionaire founder, Wang Chuanfu, and his team of engineers have devised. These patents, which include breakthroughs like the low-cost lithium-iron-phosphate battery used by rivals such...

Shares of NVIDIA Corporation have skyrocketed by more than 200% over the past year, fueled by relentless investor enthusiasm and a bullish outlook from top analysts. This rally has positioned NVIDIA as a formidable contender in the semiconductor industry, with projections suggesting its market value could reach an unprecedented $5 trillion within the next year....