Evening Scan

Samsung reported a profit swing so dramatic the company barely resembled itself. xAI rebranded into SpaceXAI. Apple reminded users that smart home AI will cost extra.

89.4 trillion won ($58.4B) — Samsung's Q2 operating profit guidance. For context, it made about $3B in the same quarter last year. (SiliconANGLE)

Samsung's Q2 Profit Jumps 19-Fold on AI Memory Demand

The AI memory boom handed Samsung its best quarter in years — roughly 19x last year's profit — and the stock fell because investors wanted more. (The Next Web)

xAI Rebrands to SpaceXAI, Unveils New Logo

Following Musk's May announcement, xAI folds into the SpaceX brand — a vertical consolidation that either streamlines operations or reduces oversight of a major AI lab. (Business Insider)

Meta Says Four US States Seek $1.4T Over Youth Safety Claims

The ask is almost exactly Meta's entire market cap — states are not negotiating subtly, and the August trial date is set. (Reuters)

Anthropic Inks $19B AI Data Center Lease with TeraWulf

Anthropic's 20-year, $19B commitment signals a bet on long-term infrastructure, not acquisition timing. (SiliconANGLE)