Seoul, Oct 31 (AP/UNB) — Samsung Electronics Co. has posted a record operating profit for the last quarter with robust demand for its mainstay memory chips compensating for a slowdown in its smartphone business.
The South Korean technology giant on Wednesday said its operating profit during the July-September quarter grew at nearly a 21 percent annual pace to 17.6 trillion won ($15.4 billion). Samsung's previous high in quarterly profit was the 15.6 trillion won it posted during the first quarter.
Third-quarter sales grew 5.5 percent year-on-year to reach 65.4 trillion won ($57 billion) while net income rose 17.5 percent to reach 13.1 trillion won ($11.5 billion), the company said.
The operating profit of Samsung's chips division rose 37 percent year-on-year to 13.65 trillion won ($11.9 billion) thanks to strong demand generated by mobile devices and servers. The operating profit for Samsung's display panel business also saw a slight increase at 1.1 trillion won ($966 million).
However, operating profit for Samsung's IT and mobile communications division, which covers smartphones, fell 32 percent on year-on-year to 2.22 trillion won ($1.9 billion) while sales declined 10 percent. Samsung said smartphone shipments stagnated during the period despite strong sales of its flagship Galaxy Note 9 devices because it was restructuring the lineup of its lower-cost handsets.
Samsung is the world's largest maker of memory chips, smartphones and display panels.
Dhaka, Oct 30 (UNB)- Robi Axiata Ltd, a digital service provider and Bengal Group of Industries have recently signed a corporate agreement.
Robi’s Managing Director and CEO, Mahtab Uddin Ahmed and Bengal Group of Industries’ concern, Romania Food and Beverage Limited’s CEO, KM Ali signed the agreement on behalf of their respective organisations in a programme at the Bengal Group of Industries’ corporate head-quarter in city.
Robi’s Managing Director and CEO and Bengal Group of Industries’ Director, Humayun Kabir (Bablu) exchanged the agreement documents while Bengal Group of Industries’ concern, Linnex Electronics BD Ltd’s CEO, SM Salauddin along with senior officials were present.
Robi’s Head of Enterprise Business, Md Adil Hossain along with the top management of Robi Enterprise Business team were also present in the signing ceremony.
Cape Canaveral, Oct 30 (AP/UNB) — NASA's Parker Solar Probe is now closer to the sun than any spacecraft has ever gotten.
Parker on Monday surpassed the record of 26.6 million miles (43 million kilometers) set by Helios-2 back in 1976. And it will keep getting closer to the sun until it flies through the corona, or outer atmosphere, for the first time next week, passing within 15 million miles (24 million kilometers) of the solar surface.
Parker will make 24 close approaches to the sun over the next seven years, ultimately coming within just 3.8 million miles (6 million kilometers).
Launched in August, Parker is on track to set another record late Monday night. It will surpass Helios-2's speed record of 153,454 miles per hour (247,000 kilometers per hour), relative to the sun.
Sunnyvale, Oct 30 (AP/UNB) — Google will give away $25 million to projects that propose ways to use the artificial intelligence of computers to help create a more humane society.
The grant program announced Monday is part of a broader Google initiative called "AI for Social Good" that aims to ease concerns that advances in artificial intelligence will eliminate jobs and perhaps even be autonomously deployed by militaries to kill people.
Other technology companies have taken similar steps to address ethical issues in AI. For instance, Microsoft has committed $115 million to an "AI for Good" initiative that provides grants to organizations harnessing AI for humanitarian, accessibility and environmental projects.
During a presentation in Sunnyvale, California, Google demonstrated how its AI technology is already being used to diagnose diseases, help people with disabilities, predict areas likely to flood and protect endangered species.
Despite commitments like those being made by Google and Microsoft, the specter of AI going horribly awry lingers.
Even as it pledges to do good things with AI, Microsoft is pursuing a massive U.S. military contract that prompted an open letter earlier this month from a purported group of Microsoft employees worried the company might be betraying its own artificial-intelligence principles. Microsoft reaffirmed its resolve to win the military contract in its own blog post last week, promising to address any ethical concerns that may arise if it ends up working on the project.
Google decided not to bid for the same military contract that Microsoft wants after some its own employees protested. The company concluded the contract, potentially worth $10 billion, didn't comply with its AI principles , which preclude the technology from being used to "cause or directly facilitate injury to people."
The company's AI For Social Good program was already in the works before Google employees raised objections about the military contract, said Jeff Dean, a senior fellow overseeing AI.
Google's nonprofit arm will announce the winners of its AI grants next spring at an annual company conference.