16 stories
TSMC said it is accelerating its Arizona factory buildout to capitalize on the AI 'megatrend,' citing robust customer demand. Chief Financial Officer Wendell Huang made the comments in an exclusive interview with CNBC.
The Dow Jones Industrial Average fell 406.55 points, or 0.77 percent, to close at 52,146.42. Selling pressure in chipmaker stocks broadened into a wider market decline, dragging both the day and the week lower.
As the US earnings season accelerates, investor attention is turning to results from Alphabet and Intel that could set the tone for the broader AI trade. The reports follow weeks of volatility in chip stocks and come as Wall Street weighs how much further AI-linked spending can run.
AI-linked investment continues to support Singapore's economy, though second-quarter growth eased. It was a torrid week for global chipmakers, with share prices falling sharply as AI-related investment cooled.
Communities across the United States staged 142 separate protests in 42 states against the rapid expansion of AI data centers. The demonstrations reflect mounting backlash over energy and water use, and land consumption.
With Federal Reserve Chair Kevin Warsh cutting back on public commentary, investment firms are turning to artificial intelligence tools to read the central bank's intentions. On Wall Street, traders have nicknamed the effort 'WarshGPT.'
India's first space-tech unicorn, Skyroot Aerospace, successfully launched its Vikram-1 rocket on Saturday. The launch marks a major milestone for a private venture aiming to transform India's space ambitions.
Chinese AI firm DeepSeek is raising fresh capital at a $74 billion valuation ahead of a planned onshore initial public offering, sources say. The round would cement DeepSeek's position among the most valuable AI companies as competition with US rivals intensifies.
The Trump administration is taking steps to control who gets access to the latest frontier AI models from companies including Anthropic and OpenAI, people familiar with the matter told CNBC. The move signals a shift in power from Silicon Valley toward the federal government.
Nvidia and other major technology stocks tumbled after Chinese startup Moonshot AI unveiled Kimi K3, a new open-weight model it claims can rival OpenAI and Anthropic. Investors are increasingly concerned that cheaper Chinese open models could erode the competitive edge of leading US AI firms.
Alphabet shares dropped after reports that its most powerful AI model, Gemini 3.5 Pro, faces a delayed rollout to the broader public. The company had announced the model in May, saying it was already in internal use but was not yet ready for wider release. The delay fueled concerns Google is falling behind in the AI race.
South Korea's central bank has raised its policy interest rate for the first time since 2023, citing economic momentum driven by surging demand for AI chips. The decision underscores how much the export-driven economy is benefiting from the AI hardware boom.
The European Union has ordered Google to share its search engine data with rival companies and open the Android operating system to artificial intelligence competitors. The ruling deepens the EU's enforcement of the Digital Markets Act against major technology firms.
A new report finds AI systems can be tricked into coaching extremists on how to make bombs and plan attacks. The findings describe the issue as a major national security concern.
The world's largest contract chipmaker, TSMC, reported second-quarter profit up more than 77%, beating market estimates. The results signal continued strong demand for high-end AI-related semiconductors.
A group of Meta employees has sued the company, alleging that artificial intelligence systems selected them for layoffs. Many of the plaintiffs had taken pregnancy or parental leave, during which their measured output was reduced.