TSMC Q3 net income jumps 69% to NT$763.1B as AI orders drive beat-and-raise outlook
The chipmaker's results and guidance affirm strong AI demand even as investors question the sustainability of the global AI buildout.
Bloomberg · +1 outlets
Asia tech rout deepens as SK Hynix falls 10% on Fed rate hike fears and AI funding worries
A broad selloff in Asian chip and AI hardware stocks is pushing investors to look past near-term panic, with some eyeing China as a relative bright spot.
Bloomberg · +14 outlets
Anthropic tells prospective investors Q3 revenue reached $16.8 billion ahead of IPO
The disclosure puts the AI developer's scale on par with leading software firms as it prepares for a public listing.
Bloomberg · +14 outlets
CoreWeave shares plunge as yields top 15%, CEO calls market reaction irrational
The AI cloud provider's debt costs underscore investor skepticism about the borrowing-heavy economics of AI data center expansion.
Bloomberg · +8 outlets
Eight states sue OpenAI, alleging ChatGPT is unsafe for children
The separate suits by Iowa, Kansas, Nebraska and other states add to mounting legal and regulatory pressure over AI harms to minors.
The Verge · +14 outlets
GlobalFoundries to build two chip plants with up to $21B Japanese backing, US takes 4% stake
The US-Japan arrangement expands government involvement in domestic semiconductor capacity.
Bloomberg · +8 outlets
Character.AI files Chapter 11 bankruptcy, citing costs and litigation; NY AG seeks user data protections
A multi-state investigation is pressing for safeguards on consumer data sold through the AI companion startup's bankruptcy proceeding.
The Verge · +7 outlets
Anduril employee tender offer would value defense tech startup at $90 billion
The valuation underscores sustained investor appetite for defense technology companies.
CNBC · +8 outlets
ByteDance near deal to buy MediaTek AI data center chips
The agreement would secure critical components for TikTok's owner while helping MediaTek compete with Qualcomm.
Bloomberg · +14 outlets
Smartphone shipments fall 22% in worst quarter on record as memory costs rise, IDC says
Rising memory prices are squeezing device makers, with IDC warning of further declines ahead.
Bloomberg · +14 outlets
Stack Infrastructure seeks A$8.6B loan in test of AI debt appetite
The Blue Owl-backed data center firm's financing comes amid mounting concern about the scale of AI-related borrowing.
Bloomberg
Ericsson Q3 beats estimates on mobile network demand, flags component cost pressure
The equipment maker warned that rising component costs will weigh on margins next year.
Bloomberg
YouTube adds "Made with AI" labels to altered or AI-generated music tracks
The label extends YouTube's existing AI disclosure approach for videos to music uploads.
The Verge · +14 outlets
Saudi national charged with bugging OpenAI conference room
The criminal case raises security concerns around the AI lab's facilities.
WSJ · +13 outlets
Microsoft and Japan dismantle cybercrime network behind over a billion scam messages
The takedown targets a marketplace used by scammers to send phishing texts.
The Verge · +12 outlets
JPMorgan's Dimon cites AI benefits while warning of risks to banking
The CEO's remarks at the Economic Club of Chicago address AI's dual role as opportunity and threat for financial institutions.
Bloomberg · +14 outlets
McKinsey to have entry-level candidates interview a simulated AI client
The consulting firm is adding a 10-minute AI client conversation to parts of its hiring process.
The Verge · +1 outlets
BlackRock unit sees $100 trillion infrastructure investment opportunity
The asset manager points to infrastructure as a long-term deployment target for institutional capital.
Bloomberg.com · +1 outlets