AI chip boom lifts Samsung profits by 1,800%

South Korean technology giant Samsung Electronics says it expects to post a 19-fold jump in its profits, driven by global demand for artificial intelligence (AI) memory chips. The company forecast that it made 89tn won (£44bn; $58bn) between the start of April and the end of June, marking its third record quarterly operating profits in…

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Can China repeat its EV success with robotaxis?

Chinese companies are expanding globally, and fast. Their biggest commercial competitors are in the US. Waymo, Alphabet’s robotaxi business, remains the commercial leader, operating paid driverless services in several US cities. Amazon-owned Zoox and Tesla are expanding more cautiously, while Uber has abandoned the development of its own autonomous vehicles, which had been marred by…

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