Thursday, April 27, 2023

Samsung's Quarterly Profits Down 95 Percent From Last Year; Company Blames Slow Consumer Spending, Chip Glut

Samsung Electronics on Thursday reported its worst quarterly profits in 14 years, blaming slowing consumer spending on electronics and a global microchip glut that hit its core memory business.

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Elon Musk’s xAI supercomputer gets 150MW power boost despite concerns over grid impact and local power stability

Elon Musk's xAI supercomputer gets power boost amid concerns 150MW approval raises questions about grid reliability in Tennessee Lo...