Alphabet’s AI Chip Business Boosts Growth but Pressures Cash Flow
Alphabet is generating billions of dollars from sales of its in-house artificial intelligence (AI) chips, known as tensor processing units (TPUs), which were initially developed for internal use. However, meeting surging demand requires substantial...
TSMC Posts Record Profit but Warns of Economic Uncertainty in 2027
Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, reported a record quarterly net profit of T$763.1 billion ($23.59 billion) for the July–September quarter, marking a 69% increase year-on-year. Driven by robust demand...
AI Investment Boom Supports Global Growth, Warns IMF of Job Disruptions
Global investment in artificial intelligence infrastructure is helping sustain worldwide economic growth at around 3%, despite an energy supply shock, International Monetary Fund Managing Director Kristalina Georgieva said on Monday. Speaking at the IMF...
WTO Raises Global Trade Forecast as AI Boom Offsets Middle East Disruptions
The World Trade Organization has upgraded its forecast for global merchandise trade growth in 2026 to 3.9%, more than double its previous estimate of 1.9%. The stronger outlook reflects robust demand for semiconductors and...
Anthropic Eyes $2 Trillion Valuation as AI Ambitions Drive Massive Costs
Anthropic is preparing for a potential blockbuster IPO that could value the artificial intelligence startup at more than $2 trillion, according to its IPO prospectus reviewed by Reuters. The company reported revenue of nearly...
SoftBank Launches $11 Billion Bond Sale to Fund OpenAI Investment
SoftBank Group has launched a $10 billion US dollar-denominated and €1 billion euro-denominated senior unsecured bond offering to finance its investment in OpenAI, according to a term sheet released on Monday. The dollar notes...
U.S. Manufacturing Growth Slows in June as Order Surge Eases
U.S. manufacturing activity moderated in June after posting its strongest performance in three years during May, as the boost from businesses rushing to place orders ahead of potential shortages and price increases linked to...