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☆ Sam Altman warns AI could kill us all. But he still wants the world to use it
▼ + stars: | 2023-10-31 | by ( Samantha Kelly | ) edition.cnn.com time to read: +10 min

New York CNN —Sam Altman thinks the technology underpinning his company’s most famous product could bring about the end of human civilization. As many as 300 million full-time jobs around the world could eventually be automated in some way by generative AI, according to Goldman Sachs estimates. Challenges aheadWhen starting OpenAI, Altman told CNN in 2015 he wanted to steer the path of AI, rather than worrying about the potential harms and doing nothing. OpenAI CEO Sam Altman addresses a speech during a meeting at Station F in Paris on May 26. Sam embodies that for AI right now.”The world is counting on Altman to act in the best interest of humanity with a technology by his own admission could be a weapon of mass destruction.

Persons: Sam Altman, OpenAI’s ChatGPT, Altman, ChatGPT, Goldman Sachs, ”, Patrick Semansky, ‘ Kevin Bacon, Mairo, ” Altman, Kamala Harris, Joe Biden, OpenAI, Elon Musk, Kyunghyun Cho, JP Lee, Greg Brockman, SeongJoon Cho, Kevin Bacon, Aaron Levie, “ I’ve, he’s, ” Levie, Bern Elliot, “, Rowan Curan, Forrester, –, Biden, Joel Saget, Emily Bender, Margaret O’Mara, O’Mara, Gates, Jobs Organizations: New, New York CNN, World Economic, Privacy, Technology, Capitol, Silicon, White House, New York University, Softbank Ventures, Bloomberg, Getty, CNN, Gartner Research, Israeli Defense Force, University of Washington, Laboratory Locations: New York, Washington ,, Washington, Valley, Silicon, Silicon Valley, Milan, Italy, Softbank Ventures Asia, Seoul, South Korea, Big Sur, Paris, AFP, Manhattan

☆ Smartphones with 'self-healing' displays will arrive within five years, analysts predict
▼ + stars: | 2023-10-11 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

SeongJoon Cho | Bloomberg via Getty ImagesSmartphones with displays capable of repairing themselves could start appearing on the market by 2028, according to analyst firm CCS Insight. Companies have been talking about smartphone display technology that can be self-repaired for several years now. LG, the South Korean consumer electronics giant, was touting self-healing technology in its smartphones as far back as 2013. Phone makers are getting more and more inventive when it comes to display technology. The company's HTC Hero, HTC Legend, HTC Desire and HTC One were among some of the leading Android phones.

Persons: SeongJoon Cho, Wood, We're, Apple, HTC Organizations: Samsung, Bloomberg, Getty, CCS Insight, CNBC, Companies, LG, South, Motorola, Mobile, HTC, Insight, Google, Meta, Sony, Apple, they'll Locations: Barcelona

☆ Samsung reports 95% drop in profit, but expects global demand to recover in second half of the year
▼ + stars: | 2023-07-27 | by ( Sheila Chiang | ) www.cnbc.com time to read: +4 min

A Samsung Galaxy Z Fold 5 smartphone, left, a Galaxy Z Flip 5 smartphone during the Galaxy Unpacked event in Seoul, South Korea, on Wednesday, July 26, 2023. Both DRAM and NAND flash memory chips also saw "more limited price drops" which improved second-quarter performance, compared with the first quarter, Samsung said. Weak electronics demandSamsung said that overall mobile phone market demand declined from the first quarter due to continued macroeconomic challenges such as inflation. Inflation has led to consumers cutting back on purchases of these goods, driving down prices for memory chips. Focus on premium foldable phonesSamsung said it will focus on the newly launched high-end Galaxy Z Flip 5 and Galaxy Z Fold 5 series to cement its leading position in the global foldable smartphone market.

Persons: SeongJoon Cho, Nabila Popal, Bryan Ma Organizations: Samsung, Galaxy, Apple Inc, Bloomberg, Getty, International Data Corporation, Micron, SK Hynix, IDC Locations: Seoul, South Korea, China

“I’m getting to know how to live in South Korea at Hanawon.”A Hanawon instructor in an IT education center for North Korean defectors on July 10, 2023. This approach is “outdated,” ineffective and overly restrictive, said Sokeel Park, South Korea country director for international nonprofit Liberty in North Korea (LINK), which helps North Koreans resettle in the South. North Korean defectors attend a computer class at the Hanawon facility on July 10, 2023. In 2022, the remains of a North Korean woman wrapped in winter coats found in her Seoul home. After their arduous journey, he said, North Korean defectors should have the chance to begin this new chapter on their own terms – with the freedom they risked their lives to seek.

Persons: ”, “, “ I’ve, “ I’m, Jeon Heon, Seokyong Lee, Hanawon, SeongJoon Cho, Kim, Kwon Young, ” B, Park, they’d, Kwon, he’d, she’d Organizations: South Korea CNN, South Korea –, Unification, National Intelligence Service, Liberty, CNN, Bloomberg, Getty, North, NIS, Hanawon, Authorities, South Locations: Seoul, South Korea, North Korea, Korea, China, Hanawon, North, Anseong, South, Pyongyang, North Korean, Korean

Hong Kong/Seoul CNN —Sam Altman, the CEO of ChatGPT maker OpenAI, used a high-profile trip to South Korea on Friday to call for coordinated international regulation of generative artificial intelligence, the technology that underpins his famous chatbot. “As these systems get very, very powerful, that does require special concern, and it has global impact. So it also requires global cooperation,” Altman said at an event in Seoul, ahead of a meeting with South Korean President Yoon Suk Yeol. In China, authorities will also “be initiating AI regulation,” according to Elon Musk, who helped found OpenAI before breaking from the group. As many as 300 million full-time jobs around the world could eventually be automated in some way by generative AI, according to Goldman Sachs estimates.

Persons: Sam Altman, ” Altman, Yoon Suk, that’s, ”, Yoon, Antony Blinken, Elon Musk, Musk, OpenAI, Goldman Sachs, Altman, “ it’s, ” Sam Altman, SeongJoon Cho, Narendra Modi Organizations: Seoul CNN, South Korean, Reuters, World Economic, SoftBank, Bloomberg, Getty, United Arab Locations: Hong Kong, Seoul, South Korea, Sweden, China, India, Israel, United Arab Emirates

☆ Memory-Chip Makers Say Recovery Is in Sight After Long Slump
▼ + stars: | 2023-04-27 | by ( Jiyoung Sohn | ) www.wsj.com time to read: 1 min

Samsung Electronics says demand for memory chips is expected to gradually recover in the second half of the year. Photo: SeongJoon Cho/Bloomberg NewsThe world’s top memory-chip makers, struggling with the deepest industry downturn in more than a decade, say the worst may soon be over as customers come back and cuts in production and investment help counter a supply glut. After reporting a $3.4 billion operating loss in the first quarter in its semiconductor division, Samsung Electronics Co. said Thursday that demand for memory chips was expected to gradually recover in the second half of the year after a prolonged slide.

☆ SK Hynix reports record quarterly operating loss, but expects rebound later this year
▼ + stars: | 2023-04-26 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +3 min

In this article .FKRX300 Follow your favorite stocks CREATE FREE ACCOUNTwatch nowSouth Korean chipmaker SK Hynix has reported a record quarterly operating loss of 3.4 trillion won ($2.54 billion) for the first quarter of the year. This is a reversal from the 2.84 trillion won operating profit in the same period last year, and a larger loss from the the 1.89 trillion won operating loss the previous quarter. Employees stand in front of the SK Hynix Inc. logo displayed at the company's office in Seongnam, South Korea, on Monday, July 24, 2017. Shares of SK Hynix were higher by 1.75% in afternoon trade after surging as much as 3.5% earlier Wednesday. "We expect revenues to rebound in the second quarter after bottoming out in the first, driven by a gradual increase in sales volume," SK Hynix also said.

☆ Analysts worry about Microsoft's cloud but really like Humana. Here's our take on both Club stocks
▼ + stars: | 2023-04-11 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

UBS analysts are warning about additional weakness in Microsoft 's (MSFT) key cloud computing, while Morgan Stanley issued a rosy multiyear outlook on Humana (HUM). Here's a look at both notes and how we feel about the stocks, which are both in the Club's portfolio. MSFT 1Y mountain Microsoft's stock performance over the past 12 months. Ahead of all that, UBS lowered its own Azuze revenue growth estimates for Microsoft's fourth-quarter and upcoming fiscal year 2024. The news: Club holding Humana is the "strongest earnings growth story" in the managed care industry, Morgan Stanley equity analysts told clients in a note Tuesday.

Samsung said it will make a 300 trillion Korean won investment in a new semiconductor facility in South Korea over the next two decades. It is part of a broader tech investment plan by the South Korean government. The South Korean government is looking to join together its biggest technology companies to spur development in key areas. The new 300 trillion won chip complex Samsung is building will be just outside of the South Korean capital of Seoul. The South Korean government said that companies will build five chip manufacturing facilities in the cluster.

It plans to offer SM shareholders 150,000 won ($115) per share. The artists are represented by SM Entertainment, which is currently in the midst of several shareholder disputes. Kakao and its Kakao Entertainment unit already currently hold 4.9% of SM, the company told CNN in a statement Tuesday. Kakao’s gambleKakao is pressing forward nonetheless, inviting SM shareholders to accept its tender offer, which ends on March 26. Its shares closed 3% lower in Seoul on Tuesday, while SM’s shares soared 15%.

☆ Apple, Nvidia in the news: Here's our take on these outsized tech holdings
▼ + stars: | 2023-02-27 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Apple (APPL) and Nvidia (NVDA) made headlines Monday, with bullish implications for both Club holdings. For example, Apple's market share of the 18-to-29-year-old cohort in South Korea has increased to 52% from 44% over the past two years, the Journal report noted, citing a Gallup poll. More broadly, the Journal explained, Apple continues to take market share away from South Korea's Samsung, the world's largest smartphone maker overall. That's a key reason we've expressed frustration with Qualcomm's slow progress on diversifying its revenue stream away from its heavy reliance on the smartphone market. Nvidia (NVDA) The news: Analysts at Bernstein took a crack at sizing up the market opportunity that generative AI represents, particularly as it relates to Nvidia.

☆ Microsoft's cloud business, a key pillar of the Club's investment case, stands to gain from the AI craze
▼ + stars: | 2023-02-07 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +5 min

"But the one good thing here is the business model side of this, because it builds on the cloud." Nadella's comments Tuesday came shortly after Microsoft unveiled its strategy to reshape its internet search engine , Bing, by incorporating generative AI capabilities. Equipped with generative AI capabilities, Bing will be able to respond to users' queries with human-like written answers. On Monday, competitor Alphabet (GOOGL) announced its response to the ChatGPT craze , a generative AI service called Bard. The Club take The rivalry between Microsoft and Google has now spilled into generative AI, which is still in its early days.

☆ Asia-Pacific markets trade mixed as investors digest Fed's smaller quarter-point hike
▼ + stars: | 2023-02-02 | by ( Jihye Lee | ) www.cnbc.com time to read: +1 min

Foreign currency dealers work in a dealing room of Hana Bank in Seoul, South Korea, on Monday, Jan. 3, 2022. South Korea's Kospi advanced as much as 1.1% on the first trading day of 2022 on foreign purchases. South Korea's Kospi rose 0.9% and the Kosdaq gained 1.16%. South Korea's consumer price index rose 5.2% in the first month of 2023 on an annualized basis, ticking upward for the first time in three months, government data showed. The Korean won stood at 1,221.18 against the U.S. dollar while the dollar index fell by a percent to stand at 101.08.

☆ Get ready for a deluge of data next week that will shape the Fed's next moves
▼ + stars: | 2023-01-21 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Within the portfolio, we'll get the latest earnings from Danaher (DHR), Halliburton (HAL), and Johnson & Johnson (JNJ) on Tuesday before the opening bell. While the results will be important as always, we are most interested in the earnings call with analysts and investors. Housing Starts fell 1.4% in December to a seasonally adjusted annual rate of 1.38 million, slightly above the 1.36 million expected. Building permits dropped 1.6% in December to a seasonally adjusted annual rate of 1.33 million, below expectations of 1.37 million. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

It came after Amazon said in November it was looking to cut staff, including in its devices and recruiting organizations. The company had 2,450 employees, according to PitchBook data, suggesting around 490 employees were laid off. In a letter to employees, CEO Logan Green and President John Zimmer pointed to "a probable recession sometime in the next year" and rising ride-share insurance costs. Shopify: 1,000 jobs cutIn July, Shopify announced it laid off 1,000 employees, which equals 10% of its global workforce. Tesla: 6,000 jobs cut

☆ Cramer: Apple, Amazon, Microsoft and Google will fuel the next rally — but not in the usual way
▼ + stars: | 2022-12-11 | by ( Jim Cramer | ) www.cnbc.com time to read: +8 min

Those who fought this trend abandoned Twitter, hired bodyguards and tried to hide from the angry mob that was attempting to will stocks higher by savaging the sellers. As a result, they overran their brains and outsourced them to others who claimed to know more than they did. My point is this: The crypto con and the Robinhood dollar conflagration can't produce enough money to buoy stocks. We will hold Apple (AAPL), Microsoft (MSFT), Alphabet (GOOGL) and Amazon , even as we've trimmed them higher. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ EXCLUSIVE Bank of Korea ready to adjust tightening pace, hopes for peak rate near 3.5%
▼ + stars: | 2022-11-30 | by ( Cynthia Kim | ) www.reuters.com time to read: +3 min

[1/2] South Korea's new central bank governor Rhee Chang-yong speaks during his inauguration ceremony in Seoul, South Korea April 21, 2022. But he added that South Korean interest rates should not get too far below those of the United States, because of the risk of capital outflow. With the policy rate now at 3.25%, Rhee hopes it will not have to go much higher. It is the first time that the central bank governor has specified a level around which he hopes rates will peak. The Fed's policy rate is currently 3.75% to 4.00%.

☆ Microsoft raised the bar for Windows PCs with its Surface computers, despite low share after a decade
▼ + stars: | 2022-11-26 | by ( Jordan Novet | ) www.cnbc.com time to read: +14 min

In 2012, the Surface with Windows RT, later named Surface RT, was more than just a touchscreen slab like Apple's iPad. The inaugural Surface, the Surface RT running Windows RT, boasted clever physical attributes. Microsoft Surface with Windows 8 Pro Source: Microsoft.comIn 2013 Microsoft brought out the Surface RT's more expensive and more powerful sibling, the Surface Pro. He bought a Surface Pro 3 and then a Surface Pro 7. If someone buys the Surface Pro 7 for a good price, he'll upgrade to the Surface Pro 9, which has a larger display.

☆ Microsoft's Satya Nadella says he is 'very, very bullish' on Asia, especially China and India
▼ + stars: | 2022-11-17 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

Satya Nadella, chief executive officer of Microsoft Corp., during the company's Ignite Spotlight event in Seoul, South Korea, on Tuesday, Nov. 15, 2022. Photographer: SeongJoon Cho/Bloomberg via Getty ImagesThe CEO of Microsoft says he is bullish about Asia, especially China and India, as Microsoft plans to build more data centers around the world. We're very, very bullish about what's happening in Asia," Satya Nadella, chairman and CEO of Microsoft, told CNBC's Tanvir Gill in an interview Thursday, adding that Microsoft is investing in at least 11 regions. Today, we primarily work to support multinational companies that operate in China and multinational companies out of China." "Microsoft's presence in India was about mostly multinational companies operating in India.

☆ Microsoft wants to create more competition among game publishers, CEO Satya Nadella says
▼ + stars: | 2022-11-17 | by ( Sheila Chiang | ) www.cnbc.com time to read: +3 min

SeongJoon Cho | Bloomberg | Getty ImagesMicrosoft CEO Satya Nadella says the American tech giant wants to create more competition among game publishers, as it faces an anticompetition probe over its $69 billion offer to buy Activision Blizzard . Activision Blizzard, the American game publisher behind popular franchises such as Call of Duty, Warcraft, and Candy Crush, could boost Microsoft's mobile gaming presence where it is largely absent. Microsoft has largely been in the console and PC video game businesses, offering access to hundreds of games via their video game subscription services Xbox Game Pass and PC Game Pass. What can Microsoft uniquely do for gamers and game publishers? When asked about the next step if the Activision Blizzard deal doesn't happen, Nadella said: "We have been in gaming for decades.

☆ North Korea fires missile after Harris leaves South Korea
▼ + stars: | 2022-09-29 | by ( ) www.cnbc.com time to read: +7 min

North Korea test-fired two ballistic missiles on Wednesday, a day before Harris visited South Korea, and one before she left Washington on Sunday. Getty Images AsiaPacSouth Korea’s military says North Korea has fired at least one ballistic missile toward its eastern waters. Thursday’s launch was the third round of missile tests by North Korea this week. North Korea test-fired two ballistic missiles on Wednesday, a day before Harris visited South Korea, and one before she left Washington on Sunday. In this handout image provided by the South Korean Defense Ministry, The U.S. nuclear-powered aircraft carrier Ronald Reagan (C) and South Korean warships seen during a US-South Korea combined naval exercise on September 29, 2022 in East Sea, South Korea.

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