Samsung expects Q4 operating profit up 208% YoY to ~$13.8B, vs. ~$12.3B est., and revenue up 23% to ~$64.2B, as demand for AI servers lifted memory chip prices (Yoolim Lee/Bloomberg)
Bloomberg.com
Samsung Posts Record Profit After AI Supercharges Memory Market
Samsung Electronics Co.’s quarterly profit more than tripled to a record high after global demand for AI servers sharply lifted memory chip prices.
Techmeme
Samsung expects Q4 operating profit up 208% YoY to ~$13.8B, vs. ~$12.3B est., and revenue up 23% YoY to ~$64.2B, as AI server demand lifts memory chip prices
By Yoolim Lee / Bloomberg. View the full context on Techmeme.
Trump family's World Liberty Financial says its entity World Liberty Trust has applied for a US banking license, which would let it issue the USD1 stablecoin (Vicky Ge Huang/Wall Street Journal) https://www.wsj.com/finance/currencies/world-liberty-flagship-in-trumps-crypto-fleet-seeks-a-u-s-banking-license-72cca502
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The Trump family
By Vicky Ge Huang / Wall Street Journal. View the full context on Techmeme.
Apple announces JPMorgan Chase as the new issuer of the Apple Card, taking over from Goldman Sachs, with an expected transition in about 24 months (Wall Street Journal) https://www.wsj.com/finance/banking/jpmorgan-chase-reaches-a-deal-to-take-over-the-apple-credit-card-4e214fb2?st=amhnjV&reflink=desktopwebshare_permalink
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Apple says JPMorgan will take over issuing the Apple Card from Goldman, which sources say will offload ~$20B in balances; the banks expect a two-year transition
From Wall Street Journal. View the full context on Techmeme.
Sources: Larry Page bought two Miami estates in December and January for a combined $173.4M; Sergey Brin is also said to be in discussions to buy a Miami home (Wall Street Journal) https://www.wsj.com/real-estate/luxury-homes/google-co-founder-larry-page-spends-173-4-million-on-two-miami-homes-3553e880
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Sources: Larry Page bought two Miami estates in December and January for a combined $173.4M; Sergey Brin is also said to be in discussions to buy a Miami home
From Wall Street Journal. View the full context on Techmeme.
WhatsApp rolls out new group chat features: member tags that show user roles, text stickers generated from any word, and custom event reminders (Aisha Malik/TechCrunch)
TechCrunch
WhatsApp rolls out new group chat features, including member tags | TechCrunch
You can choose a tag that gives others in the group chat more context about who you are.
Techmeme
WhatsApp rolls out new group chat features: member tags that show user roles, text stickers generated from any word, and custom event reminders
By Aisha Malik / TechCrunch. View the full context on Techmeme.
Alphabet surpassed Apple in market cap for the first time since 2019 after its shares closed up 2.5% on Wednesday, valuing it at $3.89T vs. Apple's $3.85T (Barron's Online) https://www.barrons.com/articles/alphabet-stock-apple-market-cap-625151cc?st=Gfqj5p&reflink=desktopwebshare_permalink
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Alphabet surpassed Apple in market cap for the first time since 2019 after its shares closed up 2.5% on January 7, valuing it at $3.89T, above Apple
From Barron
Lux Capital raised $1.5B for its ninth fund, the largest in its history, to back companies focusing on fields like breakthrough science and national security (Lizette Chapman/Bloomberg)
Bloomberg.com
Lux Capital Raises $1.5 billion for Fund Focused on New Science, Defense
Venture firm Lux Capital raised $1.5 billion for its ninth fund — the largest in its more than 20-year history — with plans to back more compan...
Techmeme
Lux Capital raised $1.5B for its ninth fund, the largest in its history, to back companies focusing on fields like breakthrough science and national security
By Lizette Chapman / Bloomberg. View the full context on Techmeme.
Sources: JPMorgan Chase has reached a deal to take over the Apple credit card program from Goldman Sachs; JPMorgan plans to launch a new Apple savings account (Wall Street Journal) https://www.wsj.com/finance/banking/jpmorgan-chase-reaches-a-deal-to-take-over-the-apple-credit-card-4e214fb2?st=amhnjV&reflink=desktopwebshare_permalink
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Apple says JPMorgan will take over issuing the Apple Card from Goldman, which sources say will offload ~$20B in balances; the banks expect a two-year transition
From Wall Street Journal. View the full context on Techmeme.
OpenAI unveils ChatGPT Health, which lets users import medical records and other data from health apps into ChatGPT, initially available to a small group (Ina Fried/Axios) https://www.axios.com/2026/01/07/chatgpt-health-tab-apple-fitness-apps
Techmeme
OpenAI unveils ChatGPT Health, which lets users import medical records and other data from wellness apps into ChatGPT, available to a small group via a waitlist
By Ina Fried / Axios. View the full context on Techmeme.
Docs: Character.AI and Google agree to settle lawsuits with families of teenagers who killed or harmed themselves after interacting with Character.AI's chatbot (Amrith Ramkumar/Wall Street Journal) https://www.wsj.com/tech/ai/ai-chatbot-startup-google-to-settle-lawsuits-over-teen-suicides-fb41a063?st=r6MHVs
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Docs: Character.AI and Google agree to settle lawsuits with families of teenagers who killed or harmed themselves after interacting with Character.AI
By Amrith Ramkumar / Wall Street Journal. View the full context on Techmeme.