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Samsung surge 930% Samsung Electronics said on Tuesday that its operating profit surged more than 930% in the first quarter of 2024, driven by soaring demand for its servers, memory chips and storage used in AI applications. The company, which struggled in 2023 as the macroeconomic slowdown hurt demand for its products, said its memory chip business returned to profitability, and prices continued to rise thanks to solid demand for DRAM and NAND chips, high-density SSDs and servers. #samsung #DemCryptoPLUG #write2earn🌐💹

Samsung surge 930%

Samsung Electronics said on Tuesday that its operating profit surged more than 930% in the first quarter of 2024, driven by soaring demand for its servers, memory chips and storage used in AI applications.

The company, which struggled in 2023 as the macroeconomic slowdown hurt demand for its products, said its memory chip business returned to profitability, and prices continued to rise thanks to solid demand for DRAM and NAND chips, high-density SSDs and servers.

#samsung #DemCryptoPLUG #write2earn🌐💹

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Decentralized AI Network on Solana Faces Challenges. According to PANews, a decentralized computing network built on Solana, known as io.net, has raised funding from Mult1C0in Capital and Moonhill Capital. The exact amount of funding has not been disclosed. The platform, which falls under the Depin and AI sectors, provides instant, permissionless access to global GPU and CPU networks for machine learning training on GPUs. It boasts 25,000 nodes and uses revolutionary technology to cluster GPU clouds together, saving up to 90% of computing costs for large-scale AI startups. However, the platform has been scrutinized for the number of GPUs it claims to have. Four different figures have been suggested: 7,648 (attempted during deployment), 11,107 (manually calculated from their resource manager), 69,415 (an unexplained, constant number), and 564,306 (a number without any transparent information). The number of GPUs is believed to be 320. This figure is based on the fact that all GPUs are listed as 'free' on the resource manager page, but none can be rented. The only GPUs that can actually be rented are 320. If they cannot be rented, they are not considered to exist. The DEX AI protocol has been criticized for several issues. Firstly, there is no cost-effective and time-efficient way to conduct useful online training on highly distributed general hardware architectures. This would require a significant breakthrough. Iference on general hardware sounds like a good use case, but the rapid development of hardware and software means that a general DEX approach performs poorly in most key use cases. 3, Using decentralized cryptocurrency to lower capital costs to compete with AWS and incentivize enthusiasts to participate sounds like a good idea. However, due to the many suppliers and shared liquidity of the GPU spot market, no one has integrated enough supply to provide for those operating real businesses.
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Ripple Experiences Significant Drop, Indicating Bearish Market Sentiment According to CryptoPotato, Ripple recently experienced a significant drop, breaking below its multi-month ascending trendline and retracing toward the breached level, indicating a bearish sentiment in the market. This could potentially lead to a continuation of the downward retracement. Upon examining the daily chart, it was observed that Ripple underwent a substantial decline below the multi-month ascending trendline, moving toward the $0.45 threshold. However, buyers initiated a bullish rebound towards the previously breached ascending trendline at $0.56 and the 100 and 200-day MAs around $0.59, thereby completing a pullback. Despite this temporary rebound, the price action suggests a bearish sentiment in the market, with Ripple potentially poised for a sustained retracement toward the critical support region of $0.45. As a result, Ripple is likely to remain within the price range delineated by the $0.45 support level and the resistance zone of $0.59 long-term until a breakout occurs. A closer look at the 4-hour chart reveals that Ripple stabilized around the $0.49 mark following a notable decline, subsequently experiencing a bullish retracement towards a significant resistance region outlined by the price range between the 0.5 ($0.5310) and 0.618 ($0.5574) Fibonacci levels. However, the price encountered increased selling pressure near this critical juncture, continuing the initial bearish trend. Currently, Ripple sellers aim to breach the crucial $0.49 threshold, potentially triggering a significant long-squeeze event. However, a more plausible scenario is that the price remains within the range defined by the support of $0.49 and the resistance of the 0.5 ($0.5310) and 0.618 ($0.5574) Fibonacci levels, indicating the likelihood of the market continuing its current state of consolidation. #xrp #DemCryptoPLUG
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