Samsung Electronics has reported a 13-fold increase in its second-quarter profit, fueled by robust demand for AI technology and the rebound in memory chip prices.
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Huawei Cloud CEO Zhang Ping’an dismissed AI chip shortage concerns, emphasising Huawei’s Ascend AI chip and computing solutions.
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Unveiled on Monday, Anthropic launched a new program, looking to fund the development of new benchmarks that can evaluate the performance and impact of AI models.
LG acquires 80% of Athom to enhance AI-driven smart home solutions, with plans to buy the remaining 20% within three years.
US restricts investments in China’s AI sector, criticised by China’s UN envoy for hindering development and promoting division.
AI-focused chipmakers, notably Nvidia, experienced significant market capitalisation gains, briefly surpassing Microsoft as the world’s most valuable company.
China leads the generative AI patent race, filing over 38,000 patents in the past decade, far surpassing the US.
Meta, through advanced generative AI, is pioneering the integration of innovative gaming experiences in the metaverse.