Daily Brief: Samsung Q3 2026 Profit Tops KRW 100 Trillion

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This 31 October 2026 edition of The Daily Brief covers Samsung's record third-quarter profit, Google DeepMind's Genie 4 preview, S&P's negative outlook on Meta and Oracle's plan to host Google TPUs.

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Samsung Q3 2026 operating profit passes KRW 100 trillion

Samsung reported third-quarter 2026 operating profit of KRW 107.4 trillion on revenue of KRW 195.3 trillion, up 14% from the previous quarter. The company says it is the first technology company to pass KRW 100 trillion in quarterly operating profit, and the result rests almost entirely on memory chips sold into AI infrastructure. The DS chip division reported KRW 106.5 trillion in operating income, while the DX consumer devices division posted a KRW 0.8 trillion operating loss. Read our full report on Samsung's Q3 2026 operating profit.

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AI Business

Google DeepMind previews Genie 4 with native audio

Google DeepMind has previewed Genie 4, a real-time world model that generates native audio and lets users reshape scenes with plain-language instructions covering camera moves, weather and new characters. The model draws on the Gemini model family, including Gemini Omni, and access is limited to trusted testers at first. Google AI Ultra subscribers will reach it through Project Genie, while early-access partners will use the Gemini API and AI Studio. Google names robots and AI agents as intended users, which makes Genie 4 closer to a training tool than a consumer creative product. The announcement gives no pricing, regional availability or general release date. Details are in Google's Genie 4 announcement.

S&P cuts Meta's outlook to negative as AI spending outruns cash flow

S&P revised its outlook on Meta's AA- credit rating from stable to negative and affirmed the rating itself. Meta reported a third-quarter free cash outflow of $2.12 billion and capital spending of $34.91 billion, compared with positive free cash flow of $10.63 billion a year earlier. S&P projects a free operating cash burn of $39 billion in 2026 and $71 billion in 2027, with leverage above 1.0x by 2027 from about 0.1x in 2025. Unlike Amazon, Microsoft and Google, Meta has no cloud arm that rents out compute, so its AI returns must come through advertising and its own products. The full account is in The Next Web's report on the S&P action.

Oracle to offer Google TPUs on OCI from 2027

Oracle will offer Google Tensor Processing Units on Oracle Cloud Infrastructure from 2027, making it the first hyperscale cloud outside Google to host the chips. Oracle announced the capacity at Oracle AI World in Las Vegas on 27 October 2026, with deployment ramping over several years. Oracle would supply the power, cooling and datacenter networking inside its own facilities, while Google supplies the accelerators. The chip model, launch quarter, chip count and pricing remain undisclosed, so the scale of the capacity cannot be estimated. This outlet is critical of the AI data center build-out, and the sources do not quantify the power, noise or water costs that this capacity would place on nearby residents and the environment. The announcement is in Oracle's official release.

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Blaze's Evercade Nexus ships with two N64 classics

Blaze Entertainment's Evercade Nexus went on sale on 30 October 2026 at $199.99 in the US, £169.99 in the UK and €199.99 in the EU. Every unit includes the Banjo-Kazooie Double Pack, which holds Rare's two Nintendo 64 platformers, and the handheld plays existing Evercade cartridges. The Nexus adds dual thumbsticks, a 5.89-inch IPS screen and a 5000mAh battery rated for more than five hours, moving the platform further into the 32-bit and 64-bit era. Blaze's native ports of the two Banjo games run at 60fps, with N64 rendering at 840 x 512. See the GamesRadar coverage of the Nexus for hands-on details.

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Researched and cross-referenced against primary sources by the Bytevyte editorial team. This article was generated with the assistance of artificial intelligence and reviewed by the Bytevyte editorial team.