Samsung Electronics Stock Poised for $1 Trillion Valuation Amid AI and Memory Boom 
Pentagon Weighs Supply Chain Risk Designation for Anthropic Over Claude AI Use 
Meta Encryption Plan Sparks Child Safety Concerns Amid New Mexico Lawsuit 
Federal Judge Blocks Virginia Social Media Age Verification Law Over First Amendment Concerns 
Synopsys Q2 Revenue Forecast Misses Expectations Amid China Export Curbs and AI Shift 
OpenAI Secures $110 Billion Funding Round at $840 Billion Valuation Ahead of IPO 
The Pentagon strongarmed AI firms before Iran strikes – in dark news for the future of ‘ethical AI’ 
Samsung and SK Hynix Shares Hit Record Highs as Nvidia Earnings Boost AI Chip Demand 
OpenAI Pentagon AI Contract Adds Safeguards Amid Anthropic Dispute 
Nintendo Share Sale: MUFG and Bank of Kyoto to Sell Stakes in Strategic Unwinding 
U.S. Deploys Tomahawks, B-2 Bombers, F-35 Jets and AI Tools in Operation Epic Fury Against Iran 
Amazon’s $50B OpenAI Investment Tied to AGI Milestone and IPO Plans 
AI is already creeping into election campaigns. NZ’s rules aren’t ready 
Apple to Begin Mac Mini Production in Texas Amid $600 Billion U.S. Investment Plan 
OpenAI Hires Former Meta and Apple AI Leader Ruomin Pang Amid Intensifying AI Talent War 
Australia Targets AI Platforms With Strict Age Verification Rules 
There’s a new big player in the self-driving car business.
On Wednesday, South Korean giant Samsung Electronics confirmed that it is setting up a new division whose focus is to develop technology such as components that will allow driverless cars. CNBC said that the team it will be forming for this new division will be developing infotainment systems and autonomous driving technology. The company did not discuss how big the new division would be. Bloomberg wrote that the new team will be helmed by Samsung executive vice president Park Jong Hwan.
Endgadget said that Samsung’s latest venture is not the first for the company. Samsung did made cars in the 90s and launched a division called Samsung Motors in 1994. By the time it had started manufacturing vehicles, Samsung was forced to sell the division due to the 1997 Asian financial crisis. The division was sold to Renault, with Samsung keeping a 19.9 percent stake and control over the use of its name in the division.
