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TSMC has reported its sixth straight quarter of record profits, surging 69% to NT$763.1 billion as relentless demand for artificial intelligence hardware drives massive revenue growth.
Amazon has launched the Bee Frontier wearable and Bee Eclipse phone attachment, two new personal AI devices that listen to, transcribe, and summarize real-world conversations.
AI pioneer Anthropic is aggressively courting Wall Street investors ahead of a high-stakes public market debut, showcasing explosive revenue growth and corporate governance adjustments.
European Investment Bank President Nadia Calviño has outlined a dual investment strategy aimed at closing Europe’s artificial intelligence funding gap while expanding its commitment to decarbonization. Backed by €100 billion in annual financing capacity, the EU's lending arm is ramping up venture debt for deep-tech startups alongside record investments in clean power grids to meet the surging electricity demands of modern data centers.
Early equity trading on Wall Street saw sharp divergences as investors weighed third-quarter corporate earnings against fresh analyst ratings. BlackRock rallied after assets under management surged to a record $15.49 trillion, whereas Bank of America tumbled following a quarterly revenue miss and a $1.2 billion U.S.
Consumer AI pioneer Character.ai has filed for Chapter 11 bankruptcy protection as soaring server expenses outpaced revenue and compounded mounting wrongful-death and negligence litigation. With Disney stepping in as a stalking horse bidder for key IP assets, the company faces a high-stakes auction to determine whether its companion chatbot platform will survive.
At the Bloomberg New Economy Forum, Kumar Mangalam Birla warned that capital allocation faces rising friction from geopolitics and AI hype, emphasizing that businesses must maintain cost discipline and continuous growth to navigate global volatility.
SpaceX has agreed to testify before the New York City Council on artificial intelligence safety risks, ending a subpoena standoff after lawmakers threatened to ask a state judge to enforce compliance.
Camila Henry • Oct 13, 2026 • 5m read
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