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Is Samsung Set to Dominate the AI Chip Market?

Is Samsung Set to Dominate the AI Chip Market?

Megan Phillips
July 9th, 2024 • Estimated Reading Time: 6 minutes

Welcome to Today’s Newsletter!

Today:

Samsung's AI Surge: Leading the Chip Revolution?
Person Spotlight - Tom Hanks
Tesla are on a hot streak

Quote of the day

“What you do makes a difference, and you have to decide what kind of difference you want to make”

JANE GOODALL - English primatologist and anthropologist

AI Matters Top News Pick

Samsung's AI Surge: Leading the Chip Revolution?

A Phenomenal Turnaround

Just last year, Samsung was navigating through record losses.

Fast forward to 2024, and they're making headlines with a projected operating profit for Q2 that's an astonishing 15 times what it was in 2023, thanks to their aggressive push in the AI chip market.

Key Highlights:

Staggering Growth: Samsung's Q2 profits are expected to hit around 10.4 trillion won, up from 670 billion won last year.
Revenue Boost: Anticipated revenue between 73 trillion and 75 trillion won marks a significant rise from 60.01 trillion won in Q2 2023.

Strategic Moves:

Samsung isn't just riding the AI wave; they're steering it.

With their "Samsung AI Solutions," they aim to streamline AI chip production by integrating various manufacturing phases, promising up to 20% faster production times.

What’s Next for Samsung?

With a vision to seize a bigger share of the booming AI market, Samsung's strategic initiatives could reshape the competitive landscape of the tech industry. As AI chips become increasingly integral to various sectors, Samsung's forward-thinking approach might just redefine their market standing.

AI Matters News Highlights

Tesla shares are on a hot streak, erasing their yearly losses with a 27% surge this week, revving up investor excitement and market momentum.

EU tariffs on Chinese EVs have now taken effect, imposing up to 37.6% duties on specific manufacturers to counteract alleged excessive subsidies. This move mirrors earlier U.S. actions and could push Chinese EV brands to build factories in Europe to avoid these hefty tariffs.

Surprisingly, Vistra Corp., a utility company, outperformed tech giants like Nvidia and Super Micro in the S&P 500, boasting a 250% gain last year.

AI Matters Picture Of The Day

Elemental Harmony

Prompt: An imaginative scene where different natural elements (water, earth, fire, air) are combined harmoniously. A waterfall flows into a volcano, showcasing the dynamic interplay of cascading water with molten lava. Steam rises as the elements merge, with the backdrop of a clear sky, highlighting the creativity in blending disparate elements. The scene captures the dramatic and beautiful fusion of water, earth, fire, and air.

Share your pictures with us ➡️

AI Matters - On This Day

9th July

This Day In History

9th July 1981

Release of Donkey Kong by Nintendo: The release of Donkey Kong on July 9, 1981, marked a significant milestone in the history of video games. Developed by Shigeru Miyamoto and released by Nintendo, Donkey Kong introduced several iconic characters, including Mario (initially known as Jumpman) and Donkey Kong himself. The game’s success had far-reaching implications for Nintendo and the video game industry as a whole.

Cultural Impact: Donkey Kong's influence extended beyond gaming into popular culture, inspiring merchandise, television shows, and even a feature film. It remains a nostalgic symbol of early video gaming and continues to be celebrated by fans and historians alike.

Birthdays

Tom Hanks

Born: July 9, 1956

Profession: Actor, Producer, Director

Tom Hanks is an acclaimed American actor, producer, and director known for his versatile roles in a wide range of genres. Over his extensive career, Hanks has become one of the most respected and beloved figures in Hollywood, recognized for his exceptional talent, relatable on-screen presence, and contributions to the film industry.

Humanitarian Efforts: Beyond his acting career, Hanks is known for his humanitarian efforts and philanthropy. He has supported various causes, including veterans' issues, environmental conservation, and health initiatives.

Image by John Bauld

AI Matters Book Club

AI Matters Book Club - July

Dive into the World of AI with Our Monthly Book Club!
This month’s pick is:

The Coming Wave - By Mustafa Suleyman

Each month, we explore a fascinating book that sheds light on the many facets of artificial intelligence, from its ethical dilemmas to ground-breaking innovations.

Mustafa Suleyman the CEO of Microsoft AI brings us ‘The Coming Wave’.

In The Coming Wave, Suleyman shows how AI will create immense prosperity but also threaten the nation-state, the foundation of global order. As our fragile governments sleepwalk into disaster, we face an existential dilemma: unprecedented harms on one side and the threat of overbearing surveillance on the other.

Don't miss out — it's time to get reading!