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AI chip boom pushes Samsung profits to record $80bn

Samsung Electronics says it expects a nine-fold surge in its quarterly profits compared with a year earlier, driven by surging demand for memory chips used in artificial intelligence (AI) data centres.

World

Worried Consumers Keep Spending: Here’s Why

For nearly four years, economists have been predicting that consumers would fail the economy. To their point, sustained high inflation, the fastest Fed tightening cycle in decades, and more recently, surging gasoline pr…