TSMC Says It Can’t Keep Up With AI Demand
The world’s most important chipmaker has run out of polite ways to say no. TSMC, the Taiwanese foundry that manufactures the processors behind nearly every AI system in production, said…
Google’s Gemini Surpasses 2.5 Billion Users With AI Search Summaries
Google’s AI-powered search summaries have become the most widely used artificial intelligence product on earth, reaching 2.5 billion monthly users, according to an investor presentation Alphabet released this week. The…
Alphabet Raises $85 Billion to Fund Google’s AI Push
Alphabet has raised $85 billion for its Google AI business through the largest debt and financing package in the company’s history, a sum larger than the valuation of most AI…
Microsoft and OpenAI, Once Allies, Now Rivals
Mustafa Suleyman, the executive Microsoft put in charge of its artificial intelligence business, has a simple message for the company’s employees, partners and competitors: Microsoft no longer needs OpenAI. “We…
Jamie Dimon Takes SpaceX’s IPO Pitch to JPMorgan’s Richest Clients
Jamie Dimon will personally pitch SpaceX’s initial public offering to the bank’s wealthiest clients this month, a roadshow built around the lender’s branch network rather than the usual circuit of…
Singapore Court Clears Path to Extradite Tycoon in Indonesia’s E-ID Graft Case
SINGAPORE — The defendant is 71 years old, holds passports from several countries, and has spent the past two years fighting with every legal tool available. This week, Singapore’s High…
Wharton Researchers Warn AI Could Produce Everything and Sell Nothing
PHILADELPHIA — The paper is an academic exercise, a mathematical model of an economy where machines do the work and people do the buying, and its conclusion is a paradox…
U.S. Job Openings Jump to a Two-Year High, Complicating the Fed’s Rate Path
WASHINGTON — The labor market was supposed to be cooling by now. Instead, the April numbers landed like a warning: job openings rose to 7.62 million from 6.89 million in…
Bitcoin Slides Toward a Halving From Its Peak as Four Pressures Converge
NEW YORK — The sale was small, thirty-two coins, worth a few million dollars, and it would have been invisible in any other week. But the seller was Strategy, the…
Alphabet Raises $80 Billion in Its Largest-Ever Share Sale to Fund AI Buildout
MOUNTAIN VIEW, Calif. — The news arrived in a regulatory filing rather than a keynote, and it was the largest equity raise in Google’s history. Alphabet announced plans to sell…
