Explained
Learn how Samsung’s Knox Matrix uses blockchain technology to secure connected devices, ensuring safer AI home appliance networks.
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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Already available on Google Pay, Alchemy Pay’s virtual card is now coming to Samsung Pay, giving users another seamless way to spend their crypto.
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A Samsung executive said a successful implementation would be more “mobile” and look “radically different” from the phones consumers are used to today.
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Apple’s letter to a federal judge previewed its slated dismissal motion to a U.S. antitrust suit, with the firm claiming prosecutors didn’t define where it has a monopoly.
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The South Korean manufacturing conglomerate also plans to invest up to $45 billion in expanding its Texas facility by the end of the decade.
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Canada is launching a fund to invest in AI infrastructure, grow startups, and create a new AI safety institute.
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The 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.
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The AI chip developing company Tenstorrent just closed a funding round worth $100 million, which was led by manufacturing giants Samsung and Hyundai.
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The collaboration will have both parties researching the offline capabilities of the CBDC issued by South Korea’s central bank.
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The information was published on WIPO’s global database for intellectual property on May 11, 18 months after LG filed its application.
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The company-wide ban prevents Samsung employees from accessing generative AI tools on all Samsung-owned devices and internal networks.
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With 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.
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Hong Kong investors can now gain exposure to Bitcoin through Samsung’s new ETF listing, which launches on Jan. 13.
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Samsung’s Knox Matrix uses blockchain technology backing to increase security for all personal smart devices of a user connected to the network.
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Raymond Liao believes 2022 is a good time for product builders and investors to focus on the Web3 space.
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