TSMC posted July revenue of $14.5 billion, up 44.7% year-on-year, pushing cumulative 2026 revenue 37% higher and prompting the company to raise its full-year growth forecast above 40%.
Tag: artificial intelligence
Posted inTech
Google’s $1.5 Billion Mechanize Bid Follows Its Playbook to Skirt Antitrust
Google is in talks to pay $1.5 billion to license AI startup Mechanize’s coding-agent benchmarks and hire its team, using a structure designed to sidestep antitrust review of outright acquisitions.
Posted inTech
AMD Data Centre Revenue Doubles as Helios AI Platform Enters Production
AMD’s Q2 2026 data centre revenue doubled to $6.7 billion as the Helios AI platform entered production with Anthropic and Microsoft as launch customers.
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DeepSeek V4-Flash Exits Preview at $0.14 per Million Tokens
DeepSeek’s efficiency-focused V4-Flash model reached general availability on July 31, priced at 9.5 times less than its Pro sibling and outperforming it on at least one coding benchmark.
Posted inMarkets
Palantir Surges 29% After Q2 Revenue Hits $1.93 Billion on 93% Growth
Palantir’s Q2 2026 results shattered expectations as US commercial revenue grew 149% year-on-year, US government revenue jumped 90%, and the stock surged nearly 30% — making it the standout earnings story of the week.
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EU AI Act Enforcement Reaches GPAI Providers August 2, Exposing AI Giants to Billion-Dollar Fines
The European Commission’s AI Office gains formal enforcement powers over general-purpose AI model providers on August 2, 2026, with fines of up to 3% of global annual turnover and four separate violation routes that could apply simultaneously.
Posted inMarkets
Meta Revenue Rises 28% but Profits Fall 14% as AI Spending Tops $31 Billion
Meta Platforms reported Q2 revenue of $60.8 billion, beating estimates, but net income dropped 14% and free cash flow fell to just $784 million as capital expenditure hit $31 billion and full-year guidance was raised to $145 billion.
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Azure Crosses $100 Billion as Microsoft Copilot Hits 30 Million Paid Seats
Microsoft reported on July 29 that Azure revenue crossed $100 billion annually for the first time, with Q4 FY2026 cloud growth accelerating to 43%, while Microsoft 365 Copilot reached over 30 million paid seats — more than doubling in the quarter.
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South Korea Closes $950 Billion in AI Deals at San Francisco Summit
South Korean companies struck $950 billion in semiconductor and AI deals with Nvidia, Anthropic and Broadcom at a San Francisco summit hosted by President Lee Jae-myung on July 24.
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China Consults Alibaba and ByteDance on Curbing Overseas AI Model Access
China is consulting Alibaba and ByteDance on restricting foreign downloads of AI model weights, in a move that could end Beijing’s open-source AI advantage.