Samsung Electronics reported its strongest financial results ever, posting record quarterly operating profit of 107.4 trillion won ($80.5 billion) for July through September. That figure topped 100 trillion won for the first time in the tech industry's history. Revenue reached 195.3 trillion won ($146 billion), marking a fourth straight quarter of records. Net profit jumped over 510 percent year-over-year to 75.1 trillion won, driven primarily by surging demand for AI memory chips.
The semiconductor business accounted for 73.6 percent of operating profit, with the Device Solutions unit generating 147.1 trillion won in revenue and 106.5 trillion won in operating profit. Samsung expects demand for AI-related chips to keep accelerating through 2027 and plans to focus on advanced memory and storage products for AI servers. The company intends to return up to 110 trillion won to shareholders, including 30 trillion won in cash dividends.
Not all news was positive for Samsung. Shares fell more than five percent as investors questioned whether the tech boom can sustain itself. Samsung's smartphone unit posted an operating loss of 0.6 trillion won due to rising memory chip costs. The company and rival SK Hynix spent heavily on AI research — 1.4 trillion won and 1.1 trillion won respectively — yet AI-related revenue accounted for only 10 percent of total sales. Both CEOs remain committed to investing in AI despite these hurdles.
Across the tech world, other companies are making significant moves. Oracle launched Oracle 2.0 at AI World, integrating OpenAI frontier models and deploying Google TPUs in its AI infrastructure. The company also created an AI data service with Snowflake and announced a backlog of 664 billion dollars in remaining performance obligations. Meanwhile, Meta delayed a controversial update to its commercial terms that had raised concerns about scraping website content for AI training, pushing the change past November 20 after consultations with affected parties.
Concerns about AI's impact extend beyond corporate earnings. Voters in 10 US states will decide on Election Day whether to limit data center development, with at least 41 measures across 38 local jurisdictions proposing restrictions. Support comes from both parties. In China, the stock market has lost 2.4 trillion dollars since May amid the AI race with the US, with the STAR 50 Index dropping 40 percent since June. The government created a 60 billion yuan fund to support AI development, but weak consumer demand and export bans continue to pressure Chinese tech companies.
AI deepfakes are also raising alarms. Experts say it takes only three seconds of video or audio to create a convincing deepfake, and political deepfakes remain unregulated in Illinois. Tips to spot fakes include checking sources, looking for inconsistencies, verifying audio sync, and using fact-checking websites. Separately, the provost at Dartmouth College resigned after accusations of using AI to write academic content, highlighting ongoing tensions around AI use in academic settings.
Key Takeaways
- <li>Samsung posted record quarterly operating profit of 107.4 trillion won ($80.5 billion), the first time any tech company crossed the 100 trillion won mark.</li>
- <li>Samsung's revenue reached 195.3 trillion won ($146 billion) for Q3, driven by soaring demand for AI memory chips.</li>
- <li>Samsung plans to return up to 110 trillion won to shareholders, including 30 trillion won in cash dividends.</li>
- <li>Samsung's smartphone unit posted a 0.6 trillion won operating loss due to rising memory chip costs.</li>
- <li>Oracle launched Oracle 2.0 with OpenAI and Google TPUs integrations, plus a Snowflake AI data service, and has a 664 billion dollar backlog.</li>
- <li>Meta delayed a terms update that raised concerns about AI content scraping, pushing it past November 20.</li>
- <li>Voters in 10 US states will decide on at least 41 measures to restrict data center development on Election Day.</li>
- <li>China's stock market lost 2.4 trillion dollars since May amid the US-China AI race, with the STAR 50 Index down 40 percent.</li>
- <li>AI deepfakes can be created from just three seconds of video or audio, and political deepfakes remain unregulated in Illinois.</li>
- <li>Dartmouth College's provost resigned after being accused of using AI to write academic content.</li>
Samsung reports record revenue on AI chip demand
Samsung reported record revenue of 195.3 trillion won ($146 billion) for July through September. This marked the company's fourth straight quarter of record profit and revenue. The company expects demand for AI-related chips to accelerate through 2027. Samsung plans to focus on advanced memory chips and storage products for AI servers.
Samsung posts record profits as AI chip demand soars
Samsung Electronics reported record quarterly operating profit of 107.4 trillion won ($80.5 billion), up over 780 percent from a year earlier. It was the first time any tech company reported quarterly operating profit over 100 trillion won. Net profit jumped over 510 percent to 75.1 trillion won. Samsung shares fell more than five percent as investors questioned the tech boom's future. The company plans to return up to 110 trillion won to shareholders this year.
Samsung confirms record operating profit on AI chip demand
Samsung reported 107.44 trillion won ($80.5 billion) in third-quarter operating profit driven by soaring demand for AI memory chips. Its Device Solutions unit generated 147.1 trillion won in revenue and 106.5 trillion won in operating profit. The company's display business earned 1.1 trillion won in operating profit. Samsung's smartphone unit posted an operating loss of 0.6 trillion won due to rising memory chip costs. The company will pay 30 trillion won in dividends to shareholders.
Samsung logs record profits amid investor AI concerns
Samsung Electronics posted July-September operating profit of 107.4 trillion won ($80.5 billion), up more than 780 percent on-year. Net profit rose over 510 percent to 75.1 trillion won while sales reached 195.3 trillion won. Samsung shares fell more than five percent because investors worried about the tech boom's future. The company expects unprecedented growth in memory demand in 2027. Samsung plans to return up to 110 trillion won to shareholders including 30 trillion won in cash dividends.
Samsung reports record quarterly profit on AI chip demand
Samsung Electronics logged a record quarterly profit driven by surging demand for AI chips. Operating profit soared 52.4 percent to 15.65 trillion won ($12.3 billion) in the three months to September. The company's semiconductor business accounted for 73.6 percent of operating profit. Samsung's revenue rose 10.4 percent to 52.53 trillion won. The company revised its profit guidance upward expecting a 20 to 30 percent increase in operating profit.
Samsung and SK Hynix face AI investment concerns
Samsung Electronics and SK Hynix are worried about their AI investments despite strong demand for memory chips. Samsung spent 1.4 trillion won and SK Hynix spent 1.1 trillion won on AI research in the past year. However, AI-related revenue made up only 10% of their total sales. The price decline of memory chips has also made it harder to keep profit margins. Both CEOs remain committed to investing in AI.
7 ways to protect yourself from AI deepfakes
AI-generated deepfakes are becoming harder to spot, and political deepfakes remain unregulated in Illinois. A Northwestern University expert says it only takes three seconds of video or audio to create a convincing deepfake of anyone. The article offers seven tips to help people identify and avoid falling victim to deepfake scams. The growing technology is outpacing current laws and public awareness.
How to protect yourself against AI deepfakes
AI deepfakes are getting harder to detect, and scams using them are rising. The article gives five tips to help people spot fakes, including checking the source, looking for inconsistencies, checking audio sync, using fact-checking websites, and being cautious of unsolicited messages. Following these steps can help people avoid falling victim to deepfake scams. The technology is making it increasingly difficult to tell what is real.
Dartmouth provost resigns over AI writing accusations
The provost at Dartmouth College resigned after being accused of using artificial intelligence to write academic content. The case highlights growing concerns about AI use in academic settings. The Associated Press reported the story, which involved the college located in Hanover, New Hampshire. The incident raises questions about academic integrity and AI policies at universities.
Dartmouth provost resigns over AI writing accusations
The provost at Dartmouth College resigned after accusations of using artificial intelligence for writing. The college is located in Hanover, New Hampshire, near the Baker-Berry Library. The Associated Press reported the resignation and copyrighted the material in 2026. The case has drawn national attention to AI use in academic writing.
China stock market loses trillions amid AI race with US
China's stock market has lost 2.4 trillion dollars since May as the country competes with the US for AI dominance. The STAR 50 Index dropped 40 percent since June. AI stocks make up over 40 percent of market value in China and Hong Kong. Weak consumer demand and US export bans are hurting Chinese tech companies. The government created a 60 billion yuan fund to support AI development, but profits remain low.
Meta delays terms update over AI content scraping concerns
Meta has delayed a change to its commercial terms that raised concerns about scraping content from websites for AI training. The update will not take effect until after consultations with affected parties, possibly past November 20. Companies in the UAE, Saudi Arabia, and Egypt should check how their sites handle robots.txt files. Legal experts say the language remains broad. The delay gives advertisers and publishers time to review the final version.
US voters consider curbs on AI data center development
Voters in 10 US states will decide on Election Day whether to limit data center development in their communities. At least 41 measures across 38 local jurisdictions would delay, prohibit, or add new requirements for data centers. Ohio is one of the fastest-growing data center markets facing opposition. Support for restrictions comes from both Democrats and Republicans. The measures reflect growing concern about the rapid buildout of facilities needed for AI applications.
VIAVI adds MCP Server Framework for AI-native network testing
VIAVI Solutions integrated a Model Context Protocol Server Framework into its NITRO AI portfolio. The system lets engineers configure and run tests using natural-language prompts. It reduces the need for manual scripting and specialized expertise. The framework includes autonomous error correction to detect and fix test tool misconfigurations. Human review checkpoints maintain oversight at critical points. The company says the tool reduces time-to-test and operational costs.
Oracle 2.0 launches new AI suites and partnerships
Oracle announced Oracle 2.0 at AI World with a wide range of AI-focused products and partnerships. The company integrated OpenAI frontier models into its solutions and deployed Google TPUs in its AI infrastructure. Oracle also created an AI data service with Snowflake and launched an AI Media Model. The company has a backlog of 664 billion dollars in remaining performance obligations. Oracle expects about 332 billion dollars of that to convert to revenue over three years.
Where to invest if the AI stock bubble bursts
Capital Economics says investors should watch out for the AI stock market. The firm thinks the S&P 500 could fall to 6,500 by the end of 2027. Real estate and consumer staples are seen as safe places to hide. U.S. Treasury yields may also rise as a counterbalance. The AI trade has faced pressure due to high spending by companies like Meta and Alphabet.
Asian stocks drop as AI tech worries grow
Asian stocks fell on Thursday due to worries about high AI investment costs. Alphabet shares dropped nearly 10% after missing Q3 revenue expectations. The selloff reflects broader concerns in the tech sector. Regional markets were pressured by the ongoing AI-related uncertainties.
Sources
- AI chip demand lifts Samsung profits again
- Samsung logs record quarterly profits despite investor AI jitters
- Samsung confirms record-breaking operating profit on soaring AI memory chip demand
- Samsung logs record quarterly profits despite investor AI jitters
- Samsung logs record quarterly profits despite investor AI jitters
- AI Investment Concerns Weigh on Samsung, SK Hynix
- 7 ways to protect yourself as AI-generated deepfakes get harder to spot
- How to protect yourself against AI-generated deepfakes
- Dartmouth provost resigns following accusations he used artificial intelligence for writing
- Dartmouth provost resigns following accusations he used artificial intelligence for writing
- Chinese markets lose trillions as race for AI supremacy with US takes its toll
- Meta Delays Update Amid Concern About Scraping Websites for AI Training
- AI data center boom faces backlash at US ballot box
- VIAVI Expands AI-Native Testing with MCP Server Framework for Network and Security Testing
- Oracle 2.0 Soars with New AI Suites, Partnerships, Apps, Security, More
- Firm that correctly called the AI rally slowdown says here's where to hide out
- Asian stocks fall on AI tech selloff; HKMA mirrors Fed hold
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