Samsung planning its first AI data centre, make $1 billion dollar annually through cloud services
2 weeks, 6 days ago

Samsung planning its first AI data centre, make $1 billion dollar annually through cloud services

Firstpost  

Samsung’s decision to ramp up AI infrastructure aligns with the industry’s ongoing race to meet the surging demand for AI capabilities. As companies across the globe adopt AI at breakneck speed, Samsung is trying to reposition itself as a key player in this expanding market Samsung has been seeing impressive results from its cloud services division, which recorded a 35% jump in revenue in the third quarter of 2024 compared to the same period the previous year. Image Credit: Reuters Samsung SDS, the South Korean tech giant’s IT services arm, is gearing up to establish its first AI-focused data centre. AI strategy gets leadership backing The company has been seeing impressive results from its cloud services division, which recorded a 35% jump in revenue in the third quarter of 2024 compared to the same period the previous year. Looking ahead to big wins Samsung’s plan to build its first AI data centre marks a pivotal step in its journey to dominate the AI and cloud services market.

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History of this topic

Samsung reveals ambitious AI plans with Galaxy AI, hybrid processing and enhanced security
2 months ago

Samsung reveals ambitious AI plans with Galaxy AI, hybrid processing and enhanced security

Live Mint  

Korean giant Samsung has outlined an ambitious roadmap for artificial intelligence in its Galaxy devices, focusing on personalisation and security. In a recent announcement, Samsung Research's Global AI Center Director, Kim Dae-hyun, emphasised the company’s commitment to delivering user-focused AI services via Galaxy AI, the suite of advanced features for Galaxy devices. The hybrid model, which is already partially implemented …

Tech Titans' AI Bets Paying Off: A Record Quarter for Cloud Businesses
2 months, 1 week ago

Tech Titans' AI Bets Paying Off: A Record Quarter for Cloud Businesses

Live Mint  

Tech giants are seeing the fruits of their massive investments in AI infrastructure, with revenue from cloud businesses at Amazon, Microsoft and Google reaching a total of $62.9 billion last quarter. This figure is up 22.2% from the same period last year and marked at least the fourth straight quarter in which their combined growth rate has increased.

Too premature to monetise Galaxy AI: Samsung mobile chief TM ROH
5 months, 3 weeks ago

Too premature to monetise Galaxy AI: Samsung mobile chief TM ROH

Hindustan Times  

Spending over ₹1 lakh on a flagship smartphone has been normalised but Samsung may soon set a new normal in India. At the Samsung Galaxy Unpacked 2024 event in Paris, HT Tech had the chance to ask TM Roh about what plans Samsung have around Galaxy AI. At Samsung Mobile with Galaxy devices, even before the advent of Generative AI, …

Samsung expects profits to jump nearly 15-fold thanks to AI boom
6 months ago

Samsung expects profits to jump nearly 15-fold thanks to AI boom

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Samsung expects its profits for …

Samsung witnesses new opportunity in AI: Know-how
9 months, 2 weeks ago

Samsung witnesses new opportunity in AI: Know-how

India TV News  

Samsung Electronics, the largest memory chip maker in the world has stated that the macroeconomic uncertainties are expected to grow higher by this year itself. In an annual meeting of shareholders Han Jong-hee, Vice Chairman and CEO of Samsung Electronics said, "Although uncertainties in the macroeconomic environment are expected to be high this year, new opportunities will also be increased …

Samsung ‘Closely Working’ With Microsoft, Google For Generative AI: TM Roh
1 year, 9 months ago

Samsung ‘Closely Working’ With Microsoft, Google For Generative AI: TM Roh

News 18  

After Google and Microsoft, Samsung is also working on generative AI technology. Samsung global mobile business head Dr. TM Roh during his visit to Samsung India’s R&D facility in Bengaluru confirmed this development. Going forward AI technology will play an important role to advance the smartphone industry," said Dr. TM Roh President & Head of Mobile eXperience Business, Samsung Electronics …

Microsoft's Nadella says India's digital infra building capability far ahead of others
2 years ago

Microsoft's Nadella says India's digital infra building capability far ahead of others

Live Mint  

NEW DELHI :"Oh, please don’t make me laugh. That’s the witty response that Satya Nadella, chairman and chief executive officer of Microsoft Corp., got when he prompted artificial intelligence -powered ChatGPT to write a play where Mumbai’s favourite street food--the vada pav--would argue its supremacy against competitors including Delhi's bhel puri. India-born Nadella, who is on a four-day tour of …

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