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Samsung on cloud nine after 933% Q1 profit jump, thanks to AI wave

The tech giant reported blowout Q1 2024 results on Tuesday, with an operating profit of 6.61 trillion Korean won ($4.76 billion) - up an eye-popping 932.8% compared.

Exclusive: Pax8 s John Street Steps Down, Taps CTO Scott Chasin As CEO

‘I can’t imagine a better leader, he’s got terrific vision, he’s got the fire in his belly that I share with him and he’s ready to take it to a whole new level. I’m looking forward to plugging in and being on the ride, but I don’t need to steer the ship,’ Pax8’s John Street said of naming Scott Chasin its new CEO.

Kartoon Studios Announces Gadget A I

New proprietary GenAI integrated toolkit, developed on NVIDIA Omniverse, is designed for development, production, and post-production of new animated content as well as upgrading existing catalogs.

Intel: 500 AI Models Have Been Optimized For Core Ultra Processors

Intel said it has optimized more than 500 AI models for its Core Ultra processors in an effort to cement itself as the AI PC chip leader.

AI investments are showing signs of a payoff, but the price is steep

Amazon, Google, Meta, and Microsoft announced they are spending billions to build out their AI capabilities. It'll take time for it to pay off.

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