Author: Advanced AI Editor

(Bloomberg) — Nvidia Corp. boss Jensen Huang lauded DeepSeek and China’s other contributions to AI research as he met with political and tech leaders in Beijing. Most Read from Bloomberg Huang said open-source Chinese AI models were helping the rest of the world during a fireside chat with Wang Jian, a former Alibaba Group executive who helped create the company’s cloud unit, at the International Supply Chain Expo in the Chinese capital on Thursday. The Nvidia CEO singled out DeepSeek’s AI research. “It is incredibly well written. It is absolutely A-plus quality science and A-plus quality engineering,“ Huang said. He…

Shares of ASML, the Dutch semiconductor equipment giant, tumbled 11% on Wednesday after the company announced it could no longer confirm that it will grow in 2026. The drop wiped out over $30 billion in market value and sent shockwaves through global tech markets, as investors digested the implications for the broader semiconductor and AI industries. The selloff followed ASML’s second-quarter earnings report, which beat expectations on revenue and net profit, with robust bookings of $6.4 billion. However, CEO Christophe Fouquet’s comments overshadowed the strong results: “While we still prepare for growth in 2026, we cannot confirm it at this…

Google Brain founder has an unexpected one-word message on AI originally appeared on TheStreet. Big Tech just can’t stop chasing it. The dream of controlling an all-knowing, human-like AI, artificial general intelligence (AGI), has become Silicon Valley’s obsession. 💵💰Don’t miss the move: Subscribe to TheStreet’s free daily newsletter💰💵 From cloud giants to chipmakers, they’re shelling out billions in building the elusive AGI, opening up never-before-seen avenues. But just as the race heats up, one seasoned AI veteran dropped a single word that has quickly turned the narrative on its head. AI systems have advanced fast, but Andrew Ng says human-like…

You’ve probably seen the headlines. “AI job cuts.” “Automation replacing humans.” Some CEOs are even proud of it. OpenAI CEO Sam Altman says the next billion-dollar company could consist of one person thanks to AI advances. Anthropic CEO Dario Amodei thinks AI could eliminate nearly half of all entry-level white-collar jobs in five years Already this year, more than 64,000 people have been laid off across the tech sector, with Microsoft and Intel leading the charge and AI being a major factor. Not only is this short-sighted, it’s fundamentally bad business. The companies cutting people today in the name of…

Jonathan Mortensen, ceo/founder of Confident Security | Image Credits:Confident Security As consumers, businesses, and governments flock to the promise of cheap, fast, and seemingly magical AI tools, one question keeps getting in the way: How do I keep my data private? Tech giants like OpenAI, Anthropic, xAI, Google, and others are quietly scooping up and retaining user data to improve their models or monitor for safety and security, even in some enterprise contexts where companies assume their information is off limits. For highly regulated industries or companies building on the frontier, that gray area could be a dealbreaker. Fears about…

(Bloomberg) — Taiwan Semiconductor Manufacturing Co. raised its outlook for 2025 revenue growth, shoring up investors’ confidence in the momentum of the global AI spending spree. Most Read from Bloomberg The world’s biggest contract chipmaker on Thursday forecast sales growth of about 30% in US dollar terms this year, up from mid-20% previously. That reinforced expectations that tech firms from Meta Platforms Inc. to Google will keep spending to build the data centers essential to artificial intelligence development. TSMC’s American depositary receipts gained as much as 4.3% after markets opened in New York, while top supplier ASML Holding NV rose…

An Rong Xu / Bloomberg via Getty Images TSMC CEO C.C. Wei said he expects 2025 revenue to rise around 30% in U.S. dollar terms. Taiwan Semiconductor Manufacturing Co. on Thursday boosted its full-year revenue growth projections, as strong AI demand continued to fuel results at the world’s largest contract chipmaker. CEO C.C. Wei said he saw full-year sales growth of around 30% in U.S. dollar terms, up from around mid-20% levels previously. TSMC’s second-quarter earnings per share and revenue came in higher than estimates. Taiwan Semiconductor Manufacturing Co. (TSM) boosted its full-year revenue growth projection to around 30%, with strong…

(Bloomberg) — Meta Platforms Inc. hired a pair of key artificial intelligence researchers who worked at Apple Inc., shortly after poaching their former boss from the iPhone maker. Most Read from Bloomberg The social networking giant hired Mark Lee and Tom Gunter for its Superintelligence Labs team, according to people with knowledge of the matter. Lee has started at Meta after leaving Apple in recent days, while Gunter will begin work in the near future, said the people, who asked not to be identified because the hires haven’t been announced. The moves are part of a scramble for AI talent…

Amazon Web Services joined the agentic AI frenzy in a big way this week, revealing at a New York City event Wednesday a host of services and tools dubbed Agentcore that let technologists build and deploy so-called AI agents capable of automating internal tasks while potentially overhauling the way consumers interact with online businesses too. These agents, to many in the tech industry, are the next evolution in our new AI-powered future, where artificial intelligence not only acts as an assistant, but can autonomously complete complex multi-step actions with just some human intervention in sensitive sectors like healthcare, and no…

The Meta AI app is displayed on a mobile phone with the Meta AI logo visible on a tablet in this photo illustration | Image Credits:Jonathan Raa/NurPhoto / Getty Images Meta has refused to sign the European Union’s code of practice for its AI Act, weeks before the bloc’s rules for providers of general-purpose AI models take effect. “Europe is heading down the wrong path on AI,” wrote Meta’s chief global affairs officer Joel Kaplan in a post on LinkedIn. “We have carefully reviewed the European Commission’s Code of Practice for general-purpose AI (GPAI) models and Meta won’t be signing…