Samsung has failed to recover from the sharp decline in profit it experienced in 2022. In its latest earnings report, the Korean company has reported KRW 258.94 trillion ( 194 billion) in annual revenue and KRW 6.57 trillion ( 4.9 billion) in operating profit for the fiscal year of 2023. Those are markedly smaller numbers than the previous fiscal year's, especially the latter's -- Samsung posted an operating profit of KRW 43.38 trillion ( 35 billion) for 2022, which was already 6.9 billion smaller than the year before due to the weak demand for its chips and smartphones. According to The Wall Street Journal, these numbers represent Samsung's weakest earnings in over a decade. The company says its memory business showed signs of recovery, but not enough to stop it from incurring KRW 2.18 trillion ( 1.63 billion) in operating losses for the fourth quarter of 2023.

In Portugal, a remarkable milestone has been achieved as ChatGPT, an artificial intelligence chatbot, has taken on the role of CEO in a startup company. Despite temporary restrictions on ChatGPT in Italy, this innovative move has led the Portuguese company to profitability in just one week. Founder João F. Santos appointed ChatGPT as the CEO of his startup, AIsthetic Apparel, while taking on the role of an assistant. He devoted only an hour each day to execute the tasks given by the AI, adhering strictly to its directives, even if they appeared risky for the business. Instead of venturing into services, Santos and ChatGPT decided to focus on selling T-shirts featuring AI-generated designs by Midjourney.

Automaker Honda Motor Co. reported a 12 percent rise in its January-March profit thanks to growing sales and cost-cutting. Tokyo-based Honda said Friday it posted a quarterly profit of ¥107.7 billion ($988 million), up from ¥95.9 billion a year earlier. Honda, which makes the Odyssey minivan and Asimo robot, says the results were achieved despite some unfavorable currency moves. The company also suffered from costs related to a massive recall caused by faulty air-bag inflators made by Takata Corp. Honda was among Takata's biggest customers. But that was offset by strong sales, especially of motorcycles, in other Asian nations such as India and Vietnam.