Samsung profit surges over eight-fold to beat estimates as AI boom fuels memory chip crunch

Samsung profit surges over eight-fold to beat estimates as AI boom fuels memory chip crunch

The Samsung exhibition stand features the prominent ”A new era of mobile agentic AI” slogan by the South Korean company Samsung Electronics. Joan Cros | Nurphoto | Getty Images Samsung Electronics reported an over eight-fold increase in first-quarter operating profits on Thursday, hitting a new record and beating analysts’ estimates on the explosive growth of…

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OpenAI reportedly missed revenue targets. Shares of Oracle and these chip stocks are falling

OpenAI reportedly missed revenue targets. Shares of Oracle and these chip stocks are falling

Shares of companies tied to artificial intelligence infrastructure fell Tuesday after a report that OpenAI has fallen short of internal growth expectations, raising fresh questions about whether the pace of spending across the sector is sustainable. Oracle, which has a $300 billion, five-year partnership to supply computing power to OpenAI for AI operations, dropped more…

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MTN warns AI boom is driving up chip costs

MTN warns AI boom is driving up chip costs

Increasing chip costs are starting to affect SIM cards. (Graphic by Nicola Mawson, with images from Freepik) JSE-listed MTN says it hasn’t seen the effects of a shortage of computing components due to the rapid growth of the artificial intelligence (AI) industry’s demand for chipsets – yet. AI companies’ ramp-up of data centres to cater…

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Apple announces AirPods Max 2 with H2 chip, lossless audio and improved ANC

Apple announces AirPods Max 2 with H2 chip, lossless audio and improved ANC

Apple has officially unveiled the long-awaited successor to its flagship over-ear headphones. The AirPods Max 2 will be available for pre-order on March 25, with shipping slated for early April. While the external design remains virtually unchanged, retaining the iconic large, colourful earcups and mesh headband, the internal hardware has received a massive overhaul. Read:…

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Apple launches new iPad Air with M4 chip

Apple launches new iPad Air with M4 chip

Apple has officially opened a multi-day streak of product announcements, starting with a refreshed iPad Air. While the physical chassis remains identical to the version released last year, the internals receive a significant performance boost via the M4 chip. This marks an unusually rapid update cycle for Apple’s mid-range tablet, especially considering that the previous…

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