Samsung expects operating profit to decline in the fourth quarter of this year even after posting strong third-quarter results. The South Korean consumer electronics giant said that while earnings were strong in the previous quarter, it expects weaker demand for memory chips from server customers and intensifying competition from other smartphone makers in the current quarter. Samsung’s...
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Amazon’s Anthropic Deal Signals Cloud Sector Turbulence
You know the cloud industry is in upheaval when industry leader Amazon Web Services has to copy a tactic used by its smaller rivals to compete more effectively. The Amazon unit’s decision on Monday to invest up to $4 billion in AI startup Anthropic, as part of a broader deal in which AWS becomes the startup’s “primary cloud provider,” looks a lot like the type of equity-for-business deals AWS...
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