Author: franperez66q@protonmail.com
Samsung Electronics’ market cap surpasses $1 trln after US AI chip stocks surge Source link
Close-up of logo for Samsung on research building in the Silicon Valley, Mountain View, California, October 28, 2018.Smith Collection/gado | Archive Photos | Getty ImagesShares of Samsung Electronics surged more than 10% Wednesday, pushing the chip giant’s market capitalization past the $1 trillion mark as investors continued to pile into artificial intelligence-linked stocks.Samsung became the second Asian company to cross the $1 trillion mark, after TSMC. The company first crossed that $1 trillion market capitalization threshold on Feb. 26, according to FactSet data.The rally followed Samsung Electronics’ record first-quarter earnings last week. Operating profit surged more than eightfold to 57.2…
Vessels in the Strait of Hormuz near Bandar Abbas, Iran, May 4, 2026. Amirhosein Khorgooi | ISNA | WANA | Via ReutersDefense and geopolitical experts are skeptical that “Project Freedom,” the Trump administration’s new effort to reopen the Strait of Hormuz to commercial traffic, will succeed.”In my view, it’s not a solution at all,” Jennifer Kavanagh, senior fellow and director of military analysis at Defense Priorities, a libertarian-leaning foreign policy think tank, said of the operation.”It doesn’t really address the underlying problem here, which is that the uncertainty about the safety of transit means that ship captains and shipping companies…
Exterior view of the Pfizer headquarters building on January 29, 2023 in New York City. View Press | Corbis News | Getty ImagesPfizer on Tuesday posted first-quarter earnings and revenue that topped estimates and reaffirmed its 2026 outlook, as its recently launched and acquired products showed growth. Older top-selling drugs, including its blood thinner Eliquis, also helped drive demand in the quarter and offset the decline in revenue from Pfizer’s Covid vaccine and antiviral pill to treat the virus, Paxlovid. Still, the company is slated to face the loss of exclusivity of some older drugs over the next few years,…
Exclusive-Rivian mulls making its own lidar sensors, possibly in partnership with Chinese firms Source link
The entries cited during the trial were written between 2015, when OpenAI was founded, and 2023, when Brockman and OpenAI CEO Sam Altman were briefly ousted as leaders over the OpenAI board’s alleged safety concerns. Musk hopes the diary entries paint Brockman as a money-hungry executive who, early on, cared little about OpenAI’s mission. To overcome that characterization of his mindset in OpenAI’s early days, Brockman has the challenging task of convincing the court that, instead, they show the opposite: displaying the careful musings of the person who is perhaps most committed to OpenAI’s mission. Brockman likened to “bank robber”…
A mesmerising mix of results are expected after candidates make their final pitches, our political editor writes. Source link
Michael Saylor, chairman of MicroStrategy, speaks at the Bitcoin 2024 conference in Nashville, Tennessee, US, on Friday, July 26, 2024. The conference is an annual event organized by BTC Media LLC for fans of the original cryptocurrency. Photographer: Liam Kennedy/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesStrategy’s latest earnings release marks a subtle but meaningful shift in the company’s approach to bitcoin: Instead of passively stockpiling bitcoin, it’s going to more actively manage the balance sheet to maximize value of bitcoin per share.That’s a reversal from the company’s longstanding “never sell” strategy, which originated with chairman, founder and bitcoin…
OpenAI President Greg Brockman concluded his testimony on Tuesday, where he largely rebutted Elon Musk’s account of the early years of the startup and negotiations that occurred at the company.Brockman testified that he never made any commitments to Musk about the company’s corporate structure, and he never heard anyone else make them. He emphasized that OpenAI is still governed by a nonprofit.”This entity remains a nonprofit,” Brockman said, referring to the OpenAI foundation. “It is the best-resourced nonprofit in the world.” The trial for Musk’s lawsuit against the artificial intelligence company began its second week on Monday.Musk sued OpenAI, Brockman and CEO…
Super Micro bets on AI server demand to provide upbeat forecast, shares soar Source link