TSMC soars past expectations with fourth-quarter revenue of T$1.046 trillion ($33.11 billion) posted Friday. That’s a 20.45% rise from the T$868.46 billion the world’s largest contract chipmaker made in the same period last year. Analysts didn’t see it coming at this level. The LSEG SmartEstimate from 20 analysts had forecast T$1.036 trillion ($32.79 billion). TSMC … Read more
Google now confronts a formal EU antitrust investigation as the European Commission examines how the tech giant harvests online content from publishers and YouTube videos to power its AI models. Regulators announced Tuesday they suspect Google leverages its dominant position to force unfair trading conditions on content creators while building AI Overviews without proper payment. … Read more
Sen. Jon Ossoff, the Georgia D-Ga. senator, got himself into hot water with a campaign ad that used AI generated video to put words in his Republican opponent’s mouth. The attack ad sparked headlines and ethical questions, but here’s the thing everyone’s missing: this isn’t really about artificial intelligence. Politicians have been lying and making … Read more
Meta’s Vibes AI feed has quietly crossed 2 million daily active users as of November 9, internal data viewed by media agency reveals. The AI-generated videos platform grew 1% from the previous week, giving us an early look at how people are actually using Meta’s experimental video feed in the real world. The numbers paint … Read more
Sky Sports was forced to ditch its female-targeted TikTok channel Halo just three days after launch following widespread criticism that the content was patronising and unbelievably sexist. The broadcaster pulled the plug on Saturday after the youth-focused content, which positioned itself as the “lil sis” of Sky Sports, was greeted with instant derision from women … Read more
Foxconn shocked Wall Street Wednesday when it announced third-quarter profit jumped 17% compared to a year earlier. The world’s largest contract electronics maker pulled in net profit of NT$57.67 billion, crushing what analysts thought was possible at NT$50.41 billion. What’s fueling this surge? Simple: everyone wants AI servers, and Foxconn knows how to build them. … Read more
Japan’s SoftBank Group reported Tuesday that its second-quarter net profit more than doubled to 2.5 trillion yen ($16.6 billion), driven by explosive valuation gains in its holdings of OpenAI. The results crushed analyst expectations and underscored how the artificial intelligence boom is minting fortunes for early backers of the ChatGPT creator. Three analysts surveyed by … Read more
Meta is expected to make billions from scam ads in 2024, with leaked internal files showing the social media giant planned to pocket roughly $16 billion—about 10 percent of total earnings—from running ads that peddle scams and banned goods, according to a Reuters investigation reported this week. The findings reveal how the company that owns … Read more
Beijing’s about-turn on semiconductor exports came quietly on Saturday, buried in a terse government statement that could save thousands of automotive jobs across Europe. After weeks of brinkmanship that brought Volkswagen and Volvo assembly lines to the edge of shutdown, Chinese officials said they’d consider letting chips flow again to the continent. The whole mess … Read more
Jen Baik, a 28-year-old woman, just quit her six-figure job at Google to work on AI safety. The product operations manager walked away from her role at Google Meet and left behind unvested equity that could have paid for a house one day. She’s now moving from New York to San Francisco to live in … Read more
Treasury Secretary Scott Bessent dropped major news Thursday: the U.S. and China have finalized an agreement on TikTok. The deal means the popular social media platform can stick around for American users. Bessent wrapped up the talks in Kuala Lumpur, where he got Chinese approval on the whole thing. Scott Bessent told Media he hammered … Read more
AWS outage disrupted major online services across the US on Monday, affecting millions of users trying to access Amazon, Snapchat, Venmo, Reddit, and dozens of other platforms. The Amazon Web Service outage started in the early hours of Monday morning, bringing down critical cloud services and infrastructure that power much of the internet. The AWS … Read more
TSMC, the world’s biggest producer of advanced chips, raised its full-year revenue forecast on Thursday, citing a bullish outlook for artificial intelligence spending after posting a record profit that blew past market estimates. The Taiwanese chipmaker now expects mid-30% growth in U.S. dollar terms for 2025, up from around 30%, while maintaining capital spending at … Read more
Meta announced Tuesday that Instagram will restrict teenagers to PG-13 content by default, requiring parental permission to change settings. The social media giant faces mounting criticism over harms to children as teen accounts will now filter posts showing sexual content, dangerous stunts, and marijuana paraphernalia. New Restrictions Target Age-Inappropriate Material The content filtering system hides … Read more
OpenAI will allow mature content on ChatGPT for users who verify their age on the platform starting in December, CEO Sam Altman announced Oct 14. The chatbot had been made restrictive for those experiencing mental distress, but changes are coming. Altman wrote in a post on X this Tuesday that OpenAI embraces a “treat adult … Read more
