The South Korean manufacturing conglomerate also plans to invest up to $45 billion in expanding its Texas facility by the end of the decade.
Samsung News
Samsung is a transnational conglomerate founded in 1938 and headquartered in Seoul, South Korea. Samsung is active in various industries. The largest part of Samsung is Samsung Electronics — one of the world’s biggest companies in terms of revenue — which specializes on IT, consumer electronics and chipmaking. Samsung is also present in the construction business, life insurance and marketing. Samsung SDS — the company’s IT provider — is actively working on improving business processes of Samsung with blockchain implementation. The most promising of them is blockchain for supply chain management. Samsung news is that it’s cashing in on cryptocurrency usage and mining. The relationship between Samsung and Bitcoin is mostly built on proof-of-work mining. As Samsung is one of the largest computer chip makers — which are used in PoW mining — the growing demand for them is a way for gathering huge profits.
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Canada is launching a fund to invest in AI infrastructure, grow startups, and create a new AI safety institute.
9997The race to develop AI chips continues as Samsung’s chip manufacturing department partnered with Canadian startup Tenstorrent to produce chips and intellectual property for data centers.
6638The AI chip developing company Tenstorrent just closed a funding round worth $100 million, which was led by manufacturing giants Samsung and Hyundai.
2352The collaboration will have both parties researching the offline capabilities of the CBDC issued by South Korea’s central bank.
8081The information was published on WIPO’s global database for intellectual property on May 11, 18 months after LG filed its application.
10987The company-wide ban prevents Samsung employees from accessing generative AI tools on all Samsung-owned devices and internal networks.
5458With the Hong Kong Stock Exchange being the only regulated exchange in Asia offering Bitcoin futures ETFs, some believe spot crypto ETF products will soon be allowed.
5124Hong Kong investors can now gain exposure to Bitcoin through Samsung’s new ETF listing, which launches on Jan. 13.
14120Samsung’s Knox Matrix uses blockchain technology backing to increase security for all personal smart devices of a user connected to the network.
4069Raymond Liao believes 2022 is a good time for product builders and investors to focus on the Web3 space.
4590“We didn’t make money, but we definitely made new friends," said Lavar, who originally purchased the Bitcoin in 2016.
16771Samsung Asset Management acquired a 20% equity stake in the U.S. ETF provider Amplify Holding Company in March 2022.
2519Redditor Andre highlighted the ease with which hackers can use the text prediction feature to drain a user’s funds just by being able to type the first word out of the BIP 39 list.
31420Animoca is entering the Japanese market with a new subsidiary aimed at Japanese IP, while Rarible NFT offerings will be available as part of a new VR experience.
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