Broadcom Shares Jump After Chipmaker Predicts AI Sales Surge
Broadcom Inc., a chip supplier for Apple Inc. and other big tech companies, rallied in late trading after predicting a boom in demand for its artificial intelligence chips. Most Read from BloombergHon
Corporate AI capex ready to rocket with focus on the big payoff
The ramp-up in corporate AI spending in 2025 will include a greater focus on deploying applications and components that help run AI systems faster and more efficiently, Bloomberg Intelligence analysis shows.
TSMC Posts 34% Sales Growth in November on Sustained AI Demand
Apple, Nvidia Supplier TSMC Posts 34% Jump in November Sales
TSMC reports November revenue NT$276.1B, up 34% y/y
TSMC (TSM) revenue for January through November 2024 totaled NT$2.62T, an increase of 31.8% compared to the same period in 2023.Pick the best
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HarperCollins Book Catalog To Train Microsoft AI Models For The Next 3 Years
Microsoft strikes a groundbreaking 3-year deal with HarperCollins to utilize its vast book catalog for AI model training.
Palantir Teams Up With Shield AI on AI-Powered Autonomous Aircraft
Defense tech companies Palantir Technologies Inc. and Shield AI have signed an agreement for a new strategic partnership, a step toward developing autonomous flight with AI-powered intelligence and operational control.
Israel Set for Record Tech M&A in 2024 on Cyber, AI Deals
Israeli technology startups are on track for a record year of mergers and acquisitions, according to Vintage Investment Partners, as wars in Gaza and Lebanon didn’t dent investor appetite.
Nvidia steps up hiring in China to focus on AI-driven cars, Bloomberg News reports
Nvidia has added about 200 people in China this year to enhance its research capabilities and focus on new autonomous driving technologies, Bloomberg News reported on Wednesday.
Writers Guild demands studios start suing tech companies for AI plagiarism
The Writers Guild is now demanding studios take legal action against tech companies found to have been training their artificial intelligences on copyrighted works—including on open-source subtitles for TV shows and films,
Adobe stock sinks as weak outlook stokes fears over AI monetization, growing competition
Adobe stock fell after the creative software giant provided a weaker-than-expected outlook for the 2025 fiscal year.
iOS 19 features to reportedly see delays as Apple’s AI struggles continue
An insider claims Apple's work on rolling out Apple Intelligence features via iOS 18 will impact the iOS 19 release schedule.
What Trump’s New AI and Crypto Czar David Sacks Means For the Tech Industry
“A whole-of-government approach that collaborates closely with private industry is essential to winning the AI race, and a designated AI leader in the Administration can help do that,” Tony Samp, the head of AI policy at the law firm DLA Piper, tells TIME.
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Broadcom earnings top estimates after AI fuels sales growth
BROADCOM, a chip supplier for Apple and other big tech companies, posted better-than-expected profit in the fourth quarter after artificial intelligence demand helped bolster growth. Read more at The Business Times.