Samsung's chip division is projected to earn more in 2026 than it made across its previous 40 years in semiconductors, driven by soaring AI-fueled demand for memory and storage. The company's latest quarterly operating profit reportedly topped Nvidia's, making Samsung the world's most profitable tech company for the period. Tom's Hardware reports: Brokerage consensus puts Samsung's full-year 2026 operating profit near 300 trillion won ($196 billion), and its second-quarter figure at about 84.6 trillion won ($55.1 billion). Samsung easily beat the consensus with $58.5 billion when it posted preliminary results on July 7, overtaking Nvidia's most recent quarterly operating profit of $53.54 billion and becoming the most profitable technology company in the world for the period, on the back of AI-driven memory demand.

Samsung's DS division booked 53.7 trillion won ($35.1 billion) of the company's 57.2 trillion won in total operating profit during the first quarter of 2026, roughly 94% of the total, which is why the division's projection sits so close to Samsung's full-year consensus. "This year's profit will exceed the cumulative profit generated over the past 40 years since we entered the semiconductor business," Kim Yong-Kwan told staff, scoping the claim to the chip business rather than the wider conglomerate. Further reading: Samsung Chip Workers To Get $340,000 Average Bonus In AI Boom

Read more of this story at Slashdot.

The FCC plans to roll back broadband label rules that require ISPs to itemize all passthrough fees. Under the proposal, providers could instead list a single "up to" amount for location-based charges. It would also allow ISPs to link to pricing labels rather than display them prominently, while eliminating machine-readable pricing files. Ars Technica reports: ISPs routinely advertise prices much lower than those actually charged to consumers on their monthly bills. One method of raising monthly bill prices above advertised rates is to tack on fees that, ISPs claim, are used to offset charges imposed by local governments. ISPs would be well within their rights to advertise accurate monthly prices and charge those exact prices on monthly bills. But because ISPs rarely do that, the FCC has required them to make specific price disclosures to consumers for the past decade. The Biden-era FCC updated the broadband-label rules to require that ISPs "itemize on the label (PDF) all discretionary monthly fees that the provider passes through to the consumer." The change drew protest from Comcast and other ISPs that complained bitterly about the complexity of listing all the hidden fees they had chosen to charge.

Under Chairman Brendan Carr, the Trump FCC has steadily whittled away at requirements imposed under Democrats. An order (PDF) released in draft form last week would eliminate the requirement to itemize passthrough fees and let ISPs list them in a single "up to" amount. The "up to" amount can include both government fees and fees charged by non-government entities such as owners of utility poles. "Rather than continuing to require providers to itemize 'passthrough fees' that can vary by location, we allow providers to display such fees in the aggregate, either as a maximum or 'up to' amount for the total fees applicable in any location where the service plan is offered, or as the exact total of such fees assessed in a particular location," the FCC draft order said.

The order to be voted on later this month includes a few other changes that will please ISPs and their lobby groups. ISPs will be allowed to provide links to price labels instead of displaying the full labels prominently on ordering pages and account portals, and will be allowed to stop making the price-label information available in machine-readable spreadsheets. The FCC is also relaxing the requirement that price information be available over the phone. The FCC said the change will "allow phone sales representatives to present label information conversationally, as a summary of key label fields, rather than require verbatim recitation."

The changes have been in the works since October 2025, when the FCC issued a Notice of Proposed Rulemaking to let the public submit comments on the proposals. The outcome of that process is the draft order, which will be voted on at the FCC's July 22 meeting and take effect 30 days after it is published in the Federal Register. There are many types of passthrough fees that ISPs will be able to stop listing individually and roll into the "up to" amount. The FCC defined the fees as follows, saying they include just about anything that isn't a tax [...]. Another planned change will eliminate a requirement that providers archive all labels for at least two years after a service plan is no longer available. The Utility Reform Network, an advocacy group, told the FCC that the archived labels provide crucial data about how prices and services change over time, and that machine-readable labels are important for affordability research and information accessibility.

Read more of this story at Slashdot.

An anonymous reader quotes a report from Reuters: Chinese startup DeepSeek is developing its own AI chip, according to three people familiar with the matter, a push that could reduce its reliance on Nvidia and Huawei chips, which it has depended on to train and run its globally popular models. The chip is designed for inference -- the stage of AI computing in which a trained model generates responses for users -- rather than for training new models, the sources said. If successful, DeepSeek's expansion into semiconductor development would mark a major strategic shift for a company widely hailed in China as the country's AI champion, potentially adding to challenges faced by Chinese tech giant Huawei.

Read more of this story at Slashdot.

This marks ⁠the first known US military strikes ​against ​Iran since late last ​month

Iran’s foreign ministry has accused the U.S of “major violations” of the Islamabad Understanding which had been signed by the two sides last month.

In a statement, the ministry vowed to “take whatever measures it deems necessary to safeguard its national interests and security”.

Continue reading...

WASHINGTON (ANP/RTR) - Het Amerikaanse leger heeft een reeks "krachtige" luchtaanvallen op Iran uitgevoerd, meldt het Amerikaanse centrale commando CENTCOM op X.

De aanvallen waren een reactie op wat volgens het commando Iraanse aanvallen waren op drie commerciële schepen die door de Straat van Hormuz voeren. "De door Iran getoonde agressie was ongerechtvaardigd, gevaarlijk en een duidelijke schending van het staakt-het-vuren", aldus CENTCOM.

Iraanse staatsmedia melden dat er diverse explosies te horen waren in en rondom de Zuid-Iraanse kustplaats Sirik, die aan de Straat van Hormuz ligt.

Iran houdt de Amerikaanse regering verantwoordelijk voor de gevolgen van de "schending van het memorandum van Islamabad" over het beëindigen van de oorlog, laat het Iraanse ministerie van Buitenlandse Zaken weten via staatsmedia.

Joy Machine and Vertical Gallery are excited to share their first collaborative exhibition, Wanderland by Collin van der Sluijs. This marks the artist’s sixth solo exhibition in Chicago and more than a decade in partnership with Vertical Gallery. It’s his first presentation at Joy Machine.

Wanderland comprises a new body of work developed during a two-year period. Spanning enormous mixed-media paintings, intimate drawings, and skate decks bearing the artist’s signature birds, the exhibition reflects both the momentous and mundane, particularly loss, grief, and the therapeutic powers of nature.

A portmanteau of wander and wonderland, the title evokes van der Sluijs’ continued devotion to imagining a vast, dreamlike ecosystem. For the past decade, he’s produced various bodies of work as a sort of world-building exercise, intuitively selecting a blend of oil paint, acrylic, watercolor, and more to render dynamic still lifes and portraits of figures subsumed by chaos. Wanderland continues in this vein, once again presenting hazy bouquets that allude to the artist’s Dutch heritage and a melange of symbols and markings referencing his background in street art. “Collin works in such a wide range of styles—like a modern twist on classical painting, with graffiti and illustration mixed in,” Patrick Hull, Vertical’s owner and curator, shares. 

Each collection emerges through a lengthy process of trial and error, and often, van der Sluijs will work on a piece for years, even turning it around to face the wall periodically to provide a brief respite while in his studio. “I really need to make big mistakes and fight my way out of it,” he adds. In this way, cultivating wonder and an unceasing desire to explore his inner emotional and external landscapes is an essential part of the process.  Wanderland is about “a walk to the visual world that you create around yourself, like wandering around. But it’s also like diving into the unknown.”

Following a collection of darker pieces made in the early years of the pandemic, Wanderland emerges with more levity and hope, albeit not without difficulty and grief. While working toward the exhibition, the artist broke his ankle, rendering it impossible for him to stand while painting larger canvases hanging on the wall. Instead, he had to sit, stretching himself across the horizontal surfaces and contending with a novel, challenging mode of making.

And despite his physical limitations, van der Sluijs also spent more time venturing outdoors during the last two years. Making small works on paper amid natural settings was a sort of balm in processing the recent death of a friend. “All those personal stories, they make the context of a show,” he adds.

To celebrate more than a decade of collaborations, Vertical Gallery published a book commemorating the occasions, titled Wanderland: 1991-2026. Its pages juxtapose the artist’s exploits as a painter, muralist, and graffiti writer with the more personal moments that define his roles as husband, son, father, and friend. 

Wanderland runs from July 10 to August 22. An opening reception will be held from 6 to 8 p.m. on July 10. The artist will be present.

Do stories and artists like this matter to you? Become a Colossal Member today and support independent arts publishing for as little as $7 per month. The article Collin van der Sluijs’ ‘Wanderland’ Imagines a Vast Ecosystem Encompass the Momentous and Mundane appeared first on Colossal.

If Only There Had Been a Sign That the Face-Melting Nazi from Indiana Jones Wouldn’t Make a Good Senator. “Marion Ravenwood said he trapped her in a room and physically assaulted her. But I decided to keep supporting Toht anyway.”

Greg Adams Photography posted a photo:

From an old machine shop in New Jersey. June, 2011.