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TSMC likely to book fourth straight quarter of record profit on insatiable AI demand

TSMC likely to book fourth straight quarter of record profit on insatiable AI demand

By Wen-Yee Lee and Ben Blanchard TAIPEI, April 13 (Reuters) - TSMC, the world's largest manufacturer of advanced artificial intelligence chips, will likely notch up a fourth consecutive quarter of record earnings with a 50% surge in net profit for January-March thanks to booming demand for AI
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OpenAI's Codex Demonstrates Autonomous Software Navigation in Adobe Lightroom

OpenAI's Codex Demonstrates Autonomous Software Navigation in Adobe Lightroom

OpenAI's Codex Demonstrates Autonomous Software Navigation in Adobe Lightroom
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Nvidia-Backed SiFive Reaches $3.65 Billion Valuation for Open AI Chips

Nvidia-Backed SiFive Reaches $3.65 Billion Valuation for Open AI Chips

Nvidia-Backed SiFive Reaches $3.65 Billion Valuation for Open AI Chips
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SiFive Achieves $3.65 Billion Valuation with Nvidia's Support for Open AI Chips

SiFive Achieves $3.65 Billion Valuation with Nvidia's Support for Open AI Chips

SiFive Achieves $3.65 Billion Valuation with Nvidia's Support for Open AI Chips
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Nexus Signs MoU to Build $1.2 Billion AI Factory in Morocco

Nexus Signs MoU to Build $1.2 Billion AI Factory in Morocco

Nexus Core Systems has signed a Memorandum of Understanding (MoU) with Moroccan government agencies to invest MAD12 billion (approximately $1.29 billion) in constructing an AI factory in Morocco. The agreement was finalized during the GITEX Africa 2026 event in Marrakesh, involving Morocco's Ministry of Digital Transition and Administrative Reform, the Ministry of Investment, Convergence and Evaluation of Public Policies, and the Moroccan Agency for Investment and Export Development. The project aims to develop a high-performance computing data center, a center of excellence for high-value services and skills development, and an innovation hub to enhance the AI digital ecosystem. The factory will be built in two phases, with the first phase located in Nouaceur and the second in Northern Morocco, both powered entirely by renewable energy through a partnership with TAQA Morocco.
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Asia's Semiconductor Industry Leads Global Innovation with AI and Advanced Memory Technologies

Asia's Semiconductor Industry Leads Global Innovation with AI and Advanced Memory Technologies

The semiconductor industry in Asia is experiencing significant growth, driven by advancements in AI and memory technologies. Companies like TSMC, Samsung Electronics, and SK Hynix are at the forefront, with TSMC leading in advanced 2nm chip technology. Samsung and SK Hynix are capitalizing on the rising demand for high-bandwidth memory (HBM) chips, essential for AI workloads. The industry is seeing a $136 billion investment in 2026, with Asia producing over 50% of the world's semiconductors. This growth is fueled by the increasing need for AI systems and data centers, pushing the industry into a new phase of expansion.
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Morgan Stanley Introduces GDI as New Economic Measure for AI Era

Morgan Stanley Introduces GDI as New Economic Measure for AI Era

Morgan Stanley Introduces GDI as New Economic Measure for AI Era
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OpenAI Advances Towards AI Research Intern Milestone with Coding and Math Progress

OpenAI Advances Towards AI Research Intern Milestone with Coding and Math Progress

OpenAI Advances Towards AI Research Intern Milestone with Coding and Math Progress
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TSMC Reports Record Revenue Growth Driven by AI Chip Demand

TSMC Reports Record Revenue Growth Driven by AI Chip Demand

TSMC Reports Record Revenue Growth Driven by AI Chip Demand
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SiFive Secures $400 Million in Series G Funding Ahead of Planned IPO

SiFive Secures $400 Million in Series G Funding Ahead of Planned IPO

SiFive Secures $400 Million in Series G Funding Ahead of Planned IPO
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Amazon's AI Chip Plans Pose Major Threat to Nvidia's Market Dominance

Amazon's AI Chip Plans Pose Major Threat to Nvidia's Market Dominance

Amazon's AI Chip Plans Pose Major Threat to Nvidia's Market Dominance
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Andrej Karpathy Highlights Growing Gap in AI Understanding Among Users

Andrej Karpathy Highlights Growing Gap in AI Understanding Among Users

Andrej Karpathy, a former Tesla director and OpenAI founding member, has highlighted a growing gap in understanding AI capabilities among users. He identifies two groups: everyday users who have tried free AI tools like ChatGPT and power users who employ the latest models for work. Karpathy notes that many users base their understanding of AI on outdated models, leading to misconceptions about AI's current capabilities. He emphasizes the need for users to stay updated with the latest AI developments to fully grasp its potential and implications.