Samsung's operating profit to surge ninefold to a record ~$80 billion on AI chip demand — Daily Fintech News
Thursday, October 8, 2026 · 11:21 AM ET
Earnings
1.Samsung's operating profit to surge ninefold to a record ~$80 billion on AI chip demand
Samsung Electronics said quarterly operating profit will reach roughly $80 billion for the first time, up nearly ninefold year on year, as surging demand for advanced memory chips used in AI infrastructure drove record earnings for the three months to September.
Funding
2.Quantum Startup Oratomic Now Worth $5.4 Billion After Series-B Funding
Quantum-computing startup Oratomic raised $475 million in a Series B just three months after its Series A, lifting total funding to $775 million at a $5.4 billion valuation, the latest sign of surging investor enthusiasm for the nascent technology.
AI Infrastructure
3.Amazon Reworks Mississippi Data Centers After Utility Warned It Would Cut Power at Peak Times
Mississippi utility Entergy warned Amazon it would have to pull the company's data centers off the grid during peak demand to protect other customers, prompting AWS to rework how it runs and expands its Jackson-area facilities as power constraints increasingly shape AI data-center growth.
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