Plus: Sports streamer DAZN agrees to buy tech company ViewLift for $100 million. And the U.S. Senate has banned its members from trading on prediction markets. Danny Lewis hosts.
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[00:00:32] [SPEAKER_01] Here's your afternoon TNB Tech Minute for Thursday, April 30th. I'm Danny Lewis for The Wall Street Journal. Thanks to investments in artificial intelligence, memory chips have become one of the world's most profitable products. Today, Samsung Electronics reported first quarter net profit of more than $30 billion, with about 94% of the operating profit coming from its semiconductor business.
[00:00:57] [SPEAKER_01] Samsung's chief memory rivals, SK Hynix of South Korea and US-based Micron Technology, recently delivered similarly dizzying results. And tech market researcher TrendForce says memory prices in the first three months of 2026 grew nearly 100% from the prior quarter, about double initial projections. Sports media company DAZN has agreed to buy technology company ViewLift for about $100 million. That's according to people close to the past year.
[00:01:27] [SPEAKER_01] ViewLift provides streaming service technology for 15 professional US sports teams, five regional sports networks, and clients in news and entertainment. The London-based DAZN, which streams sports including soccer, boxing, and basketball, is hoping that the acquisition will help it expand its footprint in the US. And the US Senate has passed a resolution prohibiting senators from trading on prediction markets. The ban passed with unanimous consent and will be effective immediately.
[00:01:56] [SPEAKER_01] The move follows concerns about the possibility of insider trading on platforms like Calci and Polymarket, which allow users to bet on everything from soccer matches to government shutdowns. Last week, Calci said it had fined and suspended three congressional candidates for betting on their own races. Polymarket has a data partnership with Dow Jones, the publisher of The Wall Street Journal. And that's it for your TNB Tech Minute. We'll have another quick tech update in the morning.
[00:02:49] [SPEAKER_00] We'll see you next time. We'll see you next time. We'll see you next time. We'll see you next time. Bye.