Tech Industry Highlights: Samsung’s Profit Struggles, Space X’s New Launch, AI Innovations And Google’s Enhanced Security
the home security and Google boosts smartphone protection with automatic locking. Here’s a quick dive into the news that is shaping the industry.
Samsung’s Profit Is Expected To Reduce In Q3 This Tuesday the Samsung Electronics tech company will likely have a four-fold jump in Samsung Q3 profit due to the increased demand for chips. However, the progression of profit recovery is slowly fading because they need to take advantage of the AI boom.
Samsung Electronics represents the world’s top maker of memory chips, smartphones, and TVs, and according to an average from 29 analysts along with LSEG Estimate, the operating Samsung profit margin in Q3 which ended recently on September 30 was probably at $7.67 billion.
This Samsung profit margin represents now a significant jump from last year's profits at $1.80 billion, but compared with those from the previous quarter at $7.74 billion, these profits have not changed as much.
The whole global market of semiconductors has tried to record a profit recovery from last year’s downturn due to the chips used in artificial intelligence servers, but the demand for standard chips to be used in smartphones along with PCs is now slowing down.
Samsung Electronics is struggling to catch up with other smaller rivals such as SK Hynix and Micron to offer high-end chips powered by artificial intelligence to Nvidia . On the other hand, the South Korean tech company is facing increased competition from Chinese rivals to provide the best traditional chips.
The commercial chip division of Samsung will probably have an operational profit of $4,08 billion compared to the previous year, but this will be down by 15% compared to the preceding quarter according to estimates from 10 analysts from Reuters.
Analysts say that Samsung's late response to the higher-margin AI chip market and its higher exposure to China along with traditional mobile chips than its competitors have made the South Korean tech company more vulnerable to geopolitical risks.
"Samsung is more likely to lose the title of number 1 DRAM vendor in case of a softer commodity DRAM market,", said an analyst from Macquarie Equity Research.
"That is, the conventional DRAM supply glut will likely hurt Samsung far more than SK Hynix."
Also, analysts have estimated that Samsung’s non-memory chip operation, chip designing, and contract manufacturing business will continue to record losses in Q3 because they are in continuous competition for the dominant leader TSMC which has Apple and Nvidia among their customers.
Subscribe to our newsletter Us Faa Approves Space X Falcon 9 For Launching On Monday (Image Credits: Unsplash)
The Federal Aviation Administration said this Monday that the SpaceX Falcon 9 rocket can return to flight for a mission that is planned this Monday to launch the European Space Agency’s Hera spacecraft away from Florida.
According to Elon Musk’s Space X company, the liftoff for the Falcon 9 Space X is planned for 10;52 a.m. ET (1452 GMT) from Cape Canaveral in Florida. Also, the US FAA said that "The SpaceX Falcon 9 vehicle is authorized to return to flight only for the planned Hera mission scheduled to launch on Oct. 7 from Cape Canaveral Space Force Station in Florida,".
The US FAA agency states that it has "determined that the absence of a second stage reentry for this mission adequately mitigates the primary risk to the public in the event of a reoccurrence of the mishap experienced with the Crew-9 mission."
On September 30 the US FAA declared that SpaceX had to investigate why the second stage of the Falcon 9 vehicle had recorded issues after a Nasa astronaut mission that grounded for the third time in three months. The issue has been caused by the booster falling into a Pacific Ocean region outside of the safety zone approved by the US FAA.
What is Space X Falcon 9?
First launched on 4 June 2010, the Falcon 9 Space X represents a medium-lift, partially reusable launch vehicle designed and built by SpaceX in the United States. It is human-rated and features a two-stage-to-orbit system. Recently, in 2020 this vehicle became the first commercial rocket that launched humans into orbit.
Falcon 9 Space X has a remarkable safety record and registered 376 successful launches, two in-flight failures, one partial failure, and one pre-flight destruction, it’s also the rocket with the most launches in American history.
The Hera mission is planned to study the effects that the 2022 impact between the NASA Dart spacecraft and the asteroid Dimorphos that happened during a test of a planetary defense system. This test was set to try for the first time to alter the motion of a celestial object.
Also, this Hera mission is presumed to offer data for future missions about the asteroid deflection focusing on redirecting objects that could have a future collision with the Earth.
Plumerai, Backed by Tony Fadell, Introduces On-Device AI for Home Security Cameras (Image Credits: PlumerAI)
Recently there have been some privacy concerns about the power of technology since cameras are now very present in modern society. Also, connectivity has its role because remote servers are introducing their own security and privacy concerns.
Founded in 2017, Plumerai represents a company that has a key value proposition to enhance on-device AI processing. Plumeria has its base in London and managed to develop a method of performing tasks such as people detection and familiar face identification which isn’t requiring to send data to a remote server.
Tony Fadell represents an early investor for Plumerai, and it’s also the iPod creator. He states some issues that he experienced as the co-founder of Next in his decision to back the company.
He told to TechCrunch “We’d have to worry so much just about the storage cost and the data transmission costs. We’re taking full frames. It’s a ton of stuff that we’re recording, but not recording on-camera. I felt the weight of this all the time.”
Plumerai specializes in tiny artificial intelligence models, specially trained for on-device AI tasks, unlike the large black box models that serve as the foundation for platforms like ChatGPT. These platforms use large language models (LLMs) powered by vast depositories of data, requiring significant computing power. For small electronics, this much power could lead to serious issues.
Fadell states that the iPhone is now the most used phone because he started small with the iPod, and also there’s always room for growth when things are small.
“So we started small and grew the iPhone up from that. Remember, Microsoft tried to take Windows and make Windows Mobile on a phone. They take this big thing and it never worked. You have to start small, and then you grow from there.”, he said.
The Plumerai CEO Roeland Nusselder told to TechCrunch that their on device AI technology is advanced and it runs at a lower cost along with a lower power chip compared to every other AI home security security system on the market. He states that Plumerai represents the future of the AI smart home security market and their AI power is innovative.
Plumerai company has not disclosed yet its employees but is most likely to be a lot fewer compared to its competitors Ring and Nest. Because this company is relatively new in the startup market, they have been focused on its market segment.
Tony Fadell is planning now to be more focused on supporting startups such as Plumerai because he is experienced in this field due to his previous positions as an executive at some of the world’s largest tech firms.
“I have learned that small teams — in the 10s, the 50s — can really do a lot when it’s the right set of expertise around the table. I like to be at the tip of the spear on disruptive technologies. It’s small teams with the right idea.”
Google Introduces Automatic Locking Screen for Stolen Android Smartphones (Image Credits: Threads)
The idea of losing your smartphone can indeed be a nightmare because, in addition to losing the device itself, you will risk exposing all your Google personal data. Google cyber security wants now to increase its efforts to protect Android users with a theft detection system that is taking the stolen phone protection to another level and designed to make all of the stolen devices useless to thieves.
Google Security is currently launching a theft detection feature for Google Android smartphone users in the US and ensures that if your precious device is getting stolen all your Google personal data will be very secure and inaccessible. This new Google security feature was first seen on the latest Xiaomi phone, the 14T Pro according to a Threads post.
First announced in May this year, this update incorporates three significant security features, the theft detection lock, offline device lock, and remote lock.
The theft detection feature uses a machine learning algorithm to identify the case when someone steals your phone directly from your hands. When this happens, your smartphone will lock itself automatically to prevent the thief from seeing any of your delicate information. What’s impressive is that this feature claims to show up immediately to offer quick stolen phone protection.
The second feature, called offline device lock will be triggered if the thief tries to disconnect your device from the internet for a longer period. So, if the case where your phone stays offline for too long will automatically lock itself to make it harder to access. This means that even if your device will no longer be connected to the internet, the thief won’t be able to access any of your information.
The last feature that Google Security launches is the remote lock feature which offers users the chance to lock their stolen phone remotely. Smartphone owners who are using the Google Find My Device manager will be able to secure their phone from a distance to keep their Google personal data secure even if the phone is in someone else’s hands.
These three features have been tested since August but now Google is launching them to all of the Android phones. To access this new and improved security feature make sure that your phone is updated to the latest version of Google Play services.
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