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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'Catastrophic overtraining' could harm large language AI models that are trained on more data for the sake of training

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