Samsung Electronics’ chip profit shrinks 40% from the previous quarter

Samsung Electronics’ chip profit shrinks 40% from the previous quarter

Customers shop at a Samsung mobile store inside a shopping mall in New Delhi. Reuters | Anindito Mukherjee Samsung Electronics on Thursday reported third-quarter sales and operating profit slightly above its own expectations, but its chip business posted a sharply lower profit from the previous quarter. The semiconductor unit reported third-quarter operating profit of 3.86…

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Tesla shares jump on profit beat, Musk’s prediction of at least 20% ‘vehicle growth’ next year

Tesla shares jump on profit beat, Musk’s prediction of at least 20% ‘vehicle growth’ next year

Tesla CEO and X owner Elon Musk speaks during an unveiling event for Tesla products in Los Angeles, California, U.S. October 10, 2024 Source: Tesla | Youtube Tesla reported third-quarter earnings Wednesday that topped analysts’ estimates even as revenue came in just shy of expectations. The stock popped 12% in extended trading. Here’s what the…

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Honeywell signs deal with Google to bring Gemini generative AI to industrial sector

Honeywell signs deal with Google to bring Gemini generative AI to industrial sector

Google Gemini, the flagship generative AI from Alphabet, is is being tapped by Honeywell to search for insights across the industrial giant’s massive data set that can lead to reduced maintenance costs, increased productivity and opportunities to upskill employees.  “The path to autonomy requires assets working harder, people working smarter and processes working  more efficiently,”…

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