Samsung reports 10-fold increase in profits driven by AI

SEOUL, South Korea: This week, Samsung Electronics reported a tenfold rise in operating profits for the last quarter, driven by an expansion of artificial intelligence (AI) technologies that caused a rebound in computer memory chip markets.

The South Korean semiconductor and smartphone giant said its operating profit for the January to March quarter totaled 6.6 trillion won (US$4.8 billion), up from 640 billion