WS #11586
Reuters exclusive: China's DeepSeek is developing its own AI chip for inference, holding talks with foundries and memory firms, hiring chip-design engineers. Microsoft cutting ~4,800 jobs (2.1% of workforce), including 20% of Xbox division, as part of cost-cutting amid AI capex concerns. Samsung reports record Q2 2026 operating profit of 89.4 trillion won ($58B), a 19x jump driven by AI memory chips, but shares fell as investors worry AI boom is priced in.
DeepSeek developing own AI chip
Reuters exclusive: China's DeepSeek is developing its own AI chip for inference, holding talks with foundries and memory firms, hiring chip-design engineers.
Microsoft cutting ~4,800 jobs (2.1% of workforce), including 20% of Xbox division, as part of cost-cutting amid AI capex concerns.
Samsung reports record Q2 2026 operating profit of 89.4 trillion won ($58B), a 19x jump driven by AI memory chips, but shares fell as investors worry AI boom is priced in.