SpaceX Stock Rebounds After Sharp Selloff, But Valuation Concerns Persist 
SK Hynix Moves Closer to New York ADR Listing Amid AI Chip Boom 
Oracle Cuts 21,000 Jobs as AI Reshapes Workforce and Cloud Expansion Accelerates 
Cerebras Revenue Forecast Tops Expectations, but Margin Concerns Weigh on Stock 
Baseten Secures $1.5 Billion Funding at $13 Billion Valuation Amid AI Infrastructure Boom 
Apple Signals Product Price Hikes Amid Rising Memory Chip Costs 
SK Hynix Overtakes Samsung as South Korea’s Most Valuable Company 
Trump Says Anthropic No Longer Seen as National Security Threat 
US-Iran De-Escalation Shifts Washington’s Focus to AI Regulation and Crypto Legislation 
John Jumper Leaves Google DeepMind for Anthropic Amid Intensifying AI Talent Race 
World Cup technology: from ref cams to AI analysts, cutting-edge research is changing the game 
Today’s space race could turn fatal if we don’t agree on new rules 
Google’s Open-Source AI Data Center Cooling Design Raises Commoditization Concerns 
WiseTech Global Denies Knowledge of Investigation Into Founder Richard White 
Samsung Electronics Stock Surges on Report of Massive $59 Billion Share Buyback Plan 
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.
