Latest AI News

Mistral AI, a French company, has launched new models to compete with US AI chatbots. Their offerings include Mistral Medium 3, Pixtral Vision Models, specialized coding models, and domain-specific AIs. They emphasize open-source architecture, flexible licensing, and customization options, positioning themselves as a cost-effective, privacy-conscious alternative for European businesses seeking advanced AI solutions.

TSMC reported a record 60.7% increase in Q2 profit to $13.53 billion, exceeding market expectations with revenue growth of 39% year-over-year to $31.93 billion. This surge is driven by AI chip demand, with AI-related products now representing 59% of sales. Despite strong performance and optimistic Q3 guidance, TSMC faces challenges from potential US tariffs and currency risks as the New Taiwan dollar appreciates against the USD.

OpenAI has established a strategic partnership with Google Cloud, diversifying beyond its previous exclusive arrangement with Microsoft Azure. This allows OpenAI to leverage Google's TPU processors and increase computing capacity as demand for ChatGPT and other AI services grows. The partnership reduces OpenAI's dependency on a single provider, helps Google gain a prominent AI customer despite competing with its Gemini assistant, and follows OpenAI's other infrastructure initiatives like the $500 billion Stargate project. This positions OpenAI as a cloud-agnostic company better equipped to meet growing AI computing demands.

TSMC is poised for record Q2 2025 profits with net earnings projected at $12.9 billion (up 52% year-on-year) and revenue reaching $933.8 billion (up 38.6%). This growth stems from surging demand for advanced 3nm and 5nm chips used in AI applications, with orders from Apple, NVIDIA, and AMD driving performance. While TSMC is expected to outpace industry growth (30% vs. 17-18%), challenges remain from U.S. tariffs and Taiwan dollar exchange rate volatility. Despite these concerns, strong demand for TSMC's manufacturing capacity continues amid the global AI boom.