All news
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TSMC Q3 Revenue Rises 50% to Record $46.7 Billion
Why it mattersThird-quarter revenue reached NT$1.49 trillion, up 50% year on year and a record, above the NT$1.46 trillion estimate from 19 analysts; September revenue alone reportedly rose 54.6% year on year.
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Illumina Launches SpliceAI2 Genomics AI Model, Lifting Disease-Variant Detection by 17%
Why it mattersOn rare-disease datasets SpliceAI2 detected 17% more disease-related variants than comparable models, and it was trained on more than 100 times the data of the 2019 original; code and weights are open for academic, non-commercial use.
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GlobalFoundries Wins Five-Year TSMC Deal to Build Silicon Interposers in New York
Why it mattersUnder the five-year deal, the Malta facility is expected to become the first US-based source of silicon interposers for advanced packaging, with volume production ramping in the first half of 2028; the deal was reported to be worth $2 billion.
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White House Announces $2.4B in AI-for-Science Tool and Compute Credit Pledges From 11 Companies
Why it mattersThe $2.4 billion from 11 companies comes as compute credits and tools rather than cash appropriations; Nvidia's $1 billion over five years is more than 40% of it, covering more than 15 federal agencies.
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USA Today Sues OpenAI: $250M+ Damages Sought, "Hundreds of Thousands" of Articles Allegedly Taken for Training
Why it mattersUSA Today Co alleges OpenAI used "hundreds of thousands" of its articles without permission for training and seeks more than $250 million; it is one of "dozens" of copyright suits against tech companies.
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Isomorphic Labs in Talks at a $40–50B Valuation; No Drug Yet in Human Trials
Why it mattersIsomorphic is in talks at a valuation of at least $40 billion and up to $50 billion, five months after a $2.1 billion Series B; none of its drugs has entered human trials.
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Broadcom Arranges $50B+ Financing for OpenAI Custom Chips; Oracle and SpaceX Also Seek Chip Debt
Why it mattersBroadcom is arranging more than $50 billion in financing for the custom chip it is developing with OpenAI; per the WSJ, cloud providers have already issued hundreds of billions in bonds, and buyers are turning to Wall Street for custom financing.
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Nvidia-Backed Firmus Said to Cut $5B Australian IPO Pricing as Investors Balk
Why it mattersFirmus planned to raise about $5 billion in what would be Australia's second-largest IPO in nearly 30 years; local media say the price could fall from A$11 to A$8.25 a share.
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OpenAI in Talks for $30B Round at $1.4T Valuation, With UAE Funds and BlackRock Circling
Why it mattersThe ~$1.4 trillion pre-money valuation is about 64% above March's $852 billion post-money; it is offered as a fixed price with no lead investor yet, and the IPO is delayed until at least next year.
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Tencent Mulls $5B Offshore Bond Sale to Fund AI Push
Why it mattersIf it goes ahead, it would be Tencent's second large bond deal this year; in June it sold $4.66 billion of bonds, its largest debt deal since 2020.
