Samsung Electronics profits surge 1,800% annually amid artificial intelligence spending boom
Samsung Electronics profits surge 1,800% annually amid artificial intelligence spending boom
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South Korean chipmaker Samsung Electronics posted record quarterly profits Tuesday thanks to the global AI infrastructure buildout coupled with a memory chip shortage. Also in this edition, oil futures rise as tensions reignite in the Hormuz Strait and Canada commits to its biggest-ever defence contract. Finally, Cuba experiences its third nationwide blackout of the year as its fuel reserves dwindle.
