Samsung confirms the AI party is still on. Samsung has reported another set of excellent results confirming that the spending on AI is continuing apace and that it may be a few quarters before reality catches up with the hype. Q2 revenues and operating profit will be KRW73tn-KRW75tn / KRW10.3tn – KRW10.5tn in line with the revenue estimate of KRW74tn...
Baidu is now the biggest & cheapest AI ecosystem. While OpenAI is withdrawing from China, Baidu has already moved to fill the void as its users have jumped by 50% since April confirming that Baidu now has the largest user pool of any generative AI service in the world. At its Create 2024 developer conference (see here), Baidu announced that...
Being on the board will make no difference. Inviting Apple as an observer onto its board is a pitch to Apple to more deeply integrate OpenAI into its ecosystem but given how unstable OpenAI is, I expect that Apple will continue to decline its advances. In the run-up to WWDC, there was a lot of chatter about how Apple was...
A cheaper Vision Pro makes less sense than the original. In response to poor sales, it appears that Apple is working on a cheaper version of the Vision Pro which will make even more horrible compromises than the original meaning that volumes will again be low leading to another disappointment. Furthermore, this obviates the entire reason that the Vision Prio...
Looking good but polish needed. For a first generation, things are looking very good, but it is clear that when one gets into the weeds there are a few loose ends that will need tidying up to really put an end to x86 in computing. The Copilot+ PCs are in the hands of the reviewers and by and large, the...
Good Chinese AI but at what cost? Alibaba’s models have topped the new rankings at Hugging Face in a sign that China is a force to be reckoned with in AI even without leading-edge semiconductors. However, like in advanced semiconductors, the battle will be won or lost on who can produce the product most economically, and here the US still...
Micron spooks the fickle market Another correction from an AI-related company has the market asking whether the question as whether the AI bubble is beginning to burst which is a question that only Nvidia will be able to answer. Micron reported good FQ3 results but failed to guide as strongly as many had hoped raising fears that demand for AI...
VW & Rivian rescue each other. VW’s $5bn investment is precisely what Rivian needs to prevent it from suffering Fisker’s fate but at the same time, it is quite possible that VW needs Rivian just as much and could easily end up acquiring the company. VW and Rivian are establishing a joint venture that will focus on the creation of...
OpenAI bites the hand that feeds it. Despite the inevitability of ending up as part of Microsoft, Open AI is determined to compete with Copilot and is making acquisitions to bolster its service to prevent early subscribers from defecting to Microsoft’s Copilot. OpenAI was first out of the gate with an enterprise offering by adapting ChatGPT to have a large...
Richard is founder, owner of research company, Radio Free Mobile. He has 16 years of experience working in sell side equity research. During his 11 year tenure at Nomura Securities, he focused on the equity coverage of the Global Technology sector.
Lucid Motors – Off the Bottom?
Higher shipments at negative gross margins are not good news. Lucid Motors has preannounced its shipments for Q2 24 where it managed an impressive jump in shipments despite the weakening market but, as ever, cash flow remains critical and here there is likely to be less good news. Lucid Motors produced 2,110 vehicles and delivered 2,394 vehicles to customers, way...