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Top Stories This Morning: Samsung's Profits Hit a Record High; Anthropic Releases a New Model

Angelina Kleimenova

Angelina Kleimenova

Samsungs quarterly profit rose 782% year-over-year amid the AI boom / Photo: Sybillla / Shutterstock.com

Samsung's quarterly profit rose 782% year-over-year amid the AI boom / Photo: Sybillla / Shutterstock.com

Anthropic unveiled Claude Haiku 5.5 for AI assistants and voice agents—the third model in the Claude 5.5 family this month—ahead of its planned IPO. Samsung Electronics reported record operating profit for the third quarter thanks to strong demand for AI chips. Read about these and other topics in our roundup of key events as of the morning of October 8.

Samsung's quarterly profit exceeded 100 trillion won for the first time amid an AI boom

Samsung Electronics reported a record preliminary operating profit for the third quarter—107.4 trillion won ($80.2 billion)—up 782% from a year earlier, according to CNBC. The figure exceeded 100 trillion won for the first time in the company’s history, driven by strong demand for artificial intelligence chips. Revenue, according to Samsung’s forecast, rose 127% to approximately 195 trillion won. Despite the record results, the company’s stock fell 0.7% on Thursday amid investors’ inflated expectations.

eToro analyst Josh Gilbert noted that the market is becoming increasingly demanding of memory manufacturers. Demand for chips is being driven by the development of AI agents, which require significantly more memory than conventional chatbots, as well as long-term supply contracts. The company will release its full quarterly financial results later in October, the TV channel reports.

Musk accused Indian billionaires of blocking the launch of Starlink

Elon Musk accused influential Indian business leaders of blocking the launch of Starlink satellite internet in the country in order to maintain a monopoly in the market, according to CNBC. He called this “a crime against the people of India,” without specifying exactly who he was referring to. The Indian telecommunications market is controlled by the companies of billionaires Mukesh Ambani (Jio) and Sunil Mittal (Airtel), which account for more than 80% of the market, the network noted. According to Musk, Starlink will provide affordable high-speed internet to residents of the country who cannot afford current rates.

In 2025, SpaceX signed agreements with Jio and Airtel to launch Starlink in India, but the service has not yet become operational. In addition to competition from local carriers, the company is facing safety-related concerns raised by regulators. In June, Indian authorities suspended the issuance of permits due to concerns that Starlink terminals could be used without a license, the TV channel reports.

Trump Walked Away from the Deal with Iran Amid Reports of Preparations for New Strikes

U.S. President Donald Trump stated that he is no longer interested in reaching an agreement with Iran, even though, according to him, Tehran is willing to make any concessions to end the conflict, CNBC reports. The statement came amid reports that the U.S. is preparing to resume large-scale military operations against Iran in the coming weeks. Against this backdrop, Brent crude rose 2.14% to $102.35 per barrel, while WTI rose 1.78% to $89.85.

According to NBC News, Trump and his national security advisers discussed this possibility. Axios reported that a new phase of the conflict could include massive strikes on Iran’s energy infrastructure and nuclear facilities. A military operation could begin before the U.S. midterm congressional elections.

Anthropic has released its third Claude 5.5 model this month ahead of its IPO

The American AI startup Anthropic has unveiled Claude Haiku 5.5—the third model in the Claude 5.5 family in the past month, according to Reuters. The company is expanding its product lineup ahead of its planned IPO, the agency notes. The new model is designed for classification, summarization, and information retrieval, as well as for use in voice agents, support services, and AI assistants embedded in apps. At the same time, it will cost 75% less to use than the previous version, Haiku 4.5.

The cost to use Haiku 5.5 is $0.10 per million input tokens and $0.50 per million output tokens for requests under 100,000 tokens. For longer queries, the rates increase to $0.50 and $2.50, respectively. Anthropic has also, for the first time, built safety mechanisms into the Haiku model family that restrict the execution of certain high-risk queries in the field of cybersecurity.

What's Happening in the Markets

— Japan's broad-based Topix index fell 1.1%, while the Nikkei 225 fell 0.8%.

— Hong Kong's Hang Seng Index fell 0.5%, while mainland China's CSI 300 Index fell 0.8%.

— In South Korea, the Kospi fell 1.2%, and the Kosdaq fell 0.1%.

— Australia's S&P/ASX 200 — fell 0.8%.

— Nasdaq 100 and S&P 500 futures were unchanged, while Dow Jones Industrial Average futures fell 0.1%.

This article was AI-translated and verified by a human editor

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