Author: Advanced AI Editor

(Corrects paragraph 2 to delete fourth consecutive quarterly decline) By Heekyong Yang SEOUL (Reuters) -Samsung Electronics is expected to forecast a 39% plunge in second-quarter operating profit on Tuesday, weighed down by delays in supplying advanced memory chips to artificial intelligence chip leader Nvidia. The world’s biggest maker of memory chips is projected to report an April-June operating profit of 6.3 trillion won ($4.62 billion), its lowest income in six quarters, according to LSEG SmartEStimate. The prolonged weakness in its financial performance has deepened investor concerns over the South Korean tech giant’s ability to catch up with smaller rivals in…

By Mateusz Rabiega (Reuters) -France’s Capgemini has agreed to buy technology outsourcing firm WNS for $3.3 billion in cash to expand the range of AI tools it offers for companies, the IT services group said on Monday. The deal equips Capgemini to create a consulting business service focused on helping companies improve their processes and cost efficiency with the use of artificial intelligence, namely generative AI and agentic AI, which it expects to attract significant investments. The purchase price translating to $76.50 per WNS share represents a 17% premium compared to their last closing price on July 3 and does…

By Heekyong Yang and Joyce Lee SEOUL (Reuters) -Samsung Electronics (005930.KS) on Tuesday projected a far worse than expected 56% plunge in second-quarter operating profit due to weak AI chip sales, deepening investor concerns over the tech giant’s ability to revive its struggling semiconductor business. The world’s biggest memory chipmaker blamed the profit miss on U.S. restrictions on advanced AI chips for China, but analysts said the decline was also due to delays in supplying high-bandwidth memory (HBM) chips to key U.S. customer Nvidia. In March, Samsung (005930.KS) flagged meaningful progress on its latest HBM 3E 12-layer chips could come…

(Reuters) -Apple’s top executive in charge of artificial intelligence models, Ruoming Pang, is leaving the company for Meta Platforms, Bloomberg News reported on Monday, citing people with knowledge of the matter. Pang, manager in charge of the company’s Apple foundation models team, will join Meta’s new superintelligence team for a compensation package worth millions of dollars per year, the report added. Meta and Apple did not immediately respond to Reuters requests for comment. The development comes as tech giants such as Meta aggressively chase high-profile acquisitions and offer multi-million-dollar pay packages to attract top talent in the race to lead…

(Reuters) -Microsoft saved more than $500 million in its call centers alone last year by using artificial intelligence, Bloomberg News reported on Wednesday. The tech giant last week announced plans to lay off nearly 4% of its workforce as it looks to rein in costs amid hefty investments in AI infrastructure. In May, the company had announced layoffs affecting around 6,000 workers. AI tools were helping improve productivity in segments from sales and customer service to software engineering and the company has begun using AI to handle interactions with smaller customers, Microsoft’s Chief Commercial Officer Judson Althoff said during a…

(Reuters) -U.S. semiconductor startup Groq has spoken to investors about raising between $300 million and $500 million at a $6 billion post-investment valuation, The Information reported on Wednesday, citing people with knowledge of the matter. The company is seeking the cash to fulfill a recently inked deal with Saudi Arabia, the report said. In February, Groq secured a $1.5 billion commitment from Saudi Arabia to expand the delivery of its advanced artificial intelligence chips to the country. Groq has told investors that the contracts in Saudi Arabia will help the company bring in about $500 million in revenue this year,…

(Reuters) -Huawei Technologies is attempting to export small amounts of AI chips to the Middle East and Southeast Asia, as it looks to establish itself in markets dominated by U.S. chip designer Nvidia, Bloomberg News reported on Thursday. The Chinese telecom giant has reached out to potential customers in the United Arab Emirates, Saudi Arabia and Thailand about purchasing its older-generation Ascend 910B AI chips, the report said, citing people familiar with the matter. China’s strongest competitor to leading U.S. chipmakers is offering the chips in the low thousands, though the exact number remains unclear, according to the report. No…

(Reuters) -Google has hired Windsurf CEO Varun Mohan, co-founder Douglas Chen, and select members of the coding tool’s research and development team to join its DeepMind division, a Google spokesperson said on Friday, in a move to strengthen itself in the race for AI leadership. Mohan and the Windsurf team will focus on agentic coding initiatives at Google DeepMind, primarily working on the Gemini project. The development comes as tech giants including Alphabet and Meta Platforms aggressively chase high-profile acquisitions and offer multi-million-dollar pay packages to attract top talent in the race to lead the next wave of AI. “We’re…

(Refiles to fix format error in last paragraph, no change to text) KUALA LUMPUR (Reuters) -Malaysia’s trade ministry said on Monday that the export, transshipment and transit of high-performance artificial intelligence chips of U.S. origin will be subject to a trade permit, effective immediately. Individuals or companies are required to notify authorities at least 30 days in advance when exporting, transhipping, or bringing in transit any item that is not expressly listed on Malaysia’s strategic items list, the ministry said in a statement. The move serves to close regulatory gaps while Malaysia reviews the inclusion of high-performance AI chips of…

By Jaspreet Singh and Aditya Soni (Reuters) -Mark Zuckerberg said on Monday that Meta Platforms would spend hundreds of billions of dollars to build several massive AI data centers for superintelligence, intensifying his pursuit of a technology he has chased with a talent war for top engineers. The social media giant is among the large tech companies that have struck high-profile deals and doled out multi-million-dollar pay packages in recent months to fast-track work on machines that could outthink humans on many tasks. Its first multi-gigawatt data center, dubbed Prometheus, is expected to come online in 2026, while another, called…