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Samsung cuts hundreds of US jobs while AI boom sends chip profits soaring

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What just happened? Samsung is cutting hundreds of jobs from its US consumer electronics business as it prepares to move the division's headquarters from New Jersey to Texas. The restructuring comes as the company's semiconductor operation is generating record profits from the AI boom, while the divisions selling phones, TVs, and appliances are struggling with the resulting surge in chip prices.

Samsung Electronics America said 739 roles at its Englewood Cliffs, New Jersey, offices have been affected by the relocation. The majority of those workers have been offered positions in Texas, though others have been laid off. Around 100 employees at Samsung's Plano, Texas, site, including staff from the mobile division, have also reportedly lost their jobs.

Samsung Electronics America employs about 1,200 people in the state of New Jersey, meaning the 739...

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Sources: Anthropic is courting investors for what could be the biggest IPO ever, touting rapid growth and plans to address mounting public backlash against AI

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Today’s NYT Mini Crossword Answers for Tuesday, Aug. 11

Need some help with today’s Mini Crossword? It features some fun and also some tricky clues. I will say 1-Down is a little disturbing. Read on for all the answers. Mini across clues and answers 1A clue: “Magic” items for Jack, in a classic fairy tale Answer: BEANS 6A

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The AI stole the answer key, and we are still asking the wrong question!

By Sujato Guha Ray When an intelligent system is measured only by whether it succeeds, every rule risks becoming just another obstacle. During a job interview in San Francisco, a candidate interrupted the voice on the call. “Uh, excuse me miss, I can’t see your face, your camera is

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The new technology debt: Why legacy thinking is more dangerous than legacy systems

By Gajanan Raut For years, technology leaders have been fighting a familiar enemy: legacy systems. Board meetings, transformation programs, and technology budgets have been dominated by discussions around aging core platforms, monolithic applications, technical debt, data silos, and infrastructure modernization. Billions of dollars have been invested globally to migrate workloads

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Sources: Anthropic is courting investors for what could be the biggest IPO ever, touting rapid growth and plans to address mounting public backlash against AI

Today’s NYT Mini Crossword Answers for Tuesday, Aug. 11

The AI stole the answer key, and we are still asking the wrong question!

The new technology debt: Why legacy thinking is more dangerous than legacy systems