The millionaire profits that Samsung expects thanks to artificial intelligence

by times news cr

2024-07-05 07:41:23

The company from South Korea specializing in the development of technology, Samsungannounced that they are expected millionaire profits Thanks to the artificial intelligence.

This is what he announced Samsung Electronics reporting that it expects that for the second quarter of this year 2024registers a increase significant in its operating profits.

Regarding the forecasts, the South Korean company highlighted that the millionaire profits that could be realized for the period in question, would be thanks to the artificial intelligence.

Samsung (JEON HEON-KYUN / EFE)

Samsung expects artificial intelligence to bring it millions in profits

For the second quarter of this 2024, Samsung hopes that their Profits are triggered by a factor that is closely related to the development of the artificial intelligence.

In this regard, the company announced that it is expected that for this period, its operating benefits are located in 1,452% year-on-year up to 10.4 trillion won.

That is to say, million-dollar profits are forecast for 7.54 billion dollarswhich is equivalent to more than 136 thousand 284 million 500 thousand pesos at the current exchange rate.

The figures reported by the company are well above expectations as local analysts expected profits of just over $5 billion.

Regarding this increase, the report published by Samsung indicates that it is due to to the increase in prices that have had the chips amid the rise of artificial intelligence.

Samsung

Samsung (ANTHONY WALLACE / AFP)

Why artificial intelligence will bring Samsung millions in profits

Presenting the report on the increase in operating profit which will be received by the second quarter of 2024, Samsung He explained that the increase is due to the artificial intelligence.

Regarding this, the South Korean technology giant explained that it is due to the price escalation that they have had during the most recent months his memoirs DRAM y NAND Flash.

The chips that the company makes have been a fundamental element in evolution of artificial intelligence technologies, so their development has also increased.

It should be noted that the million-dollar profits to be confirmed are greater than those recorded by Samsung since 2022 and higher than those received during all of 2023.

It should be noted that despite what was announced, the South Korean firm did not publish the full results on net profits recorded for the period from April to June.

The above is because he stated that it will be until the last week of July when it releases its results sheet on what happened during the second quarter.

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2024-07-05 07:41:23

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