TSMC
TSMC reported a 36% year-over-year increase in second-quarter revenue to T$1.27 trillion (about $39.62 billion), driven by demand for AI applications.
Why it matters for sellers
Growing company = growing budgets
Signal details
- Reported
- July 13, 2026
- Source
- theaiinsider.tech
From the coverage · theaiinsider.tech
Welcome to AI Insider’s The Week Ahead in AI. See the key developments and events we’re watching July 12-18. TechCrunch reported that Apple filed a lawsuit against OpenAI in federal court alleging trade secret theft and breach of contract tied to former Apple employees who joined OpenAI’s hardware efforts. Apple alleges OpenAI leadership directed efforts to obtain confidential information about unreleased Apple products, while OpenAI said it has no interest in other companies’ trade secrets. ( TechCrunch ) The Financial Times reported that Google has capped Meta’s access to its Gemini AI models after the social media company requested more computing capacity than Google could provide, delaying some internal AI projects and prompting Meta to encourage more efficient AI token usage.
The restrictions highlight growing infrastructure constraints across the AI industry as demand for computing power outpaces available capacity, even among the largest technology companies. ( University of Chicago Law ) Bloomberg’s Mark Gurman reported that Apple may skip expected M6 Pro, Max and Ultra variants and move more quickly to the M7, with AI now shaping chip design and release timing, according to Gizmodo. 5 terabytes of memory. S. adults found that 69% support requiring AI firms to transfer 50% of their stock to a public sovereign wealth fund, amid concern over tech layoffs and rising AI investment, CNBC reported.
The proposal mirrors Senator Bernie Sanders’s American AI Sovereign Wealth Fund Act, while research firm Windfall Trust said such funds could capture AI-driven gains for the public but may face tensions between financial returns and national AI strategy. 62 billion, up 36% from a year earlier and slightly above analyst expectations, as demand for AI applications lifted sales, Reuters reported. The company, a major supplier to Nvidia and Apple, is scheduled to report full second-quarter earnings and updated guidance on Thursday. ( Yahoo Finance ) China’s President Xi Jinping will attend the opening ceremony of the 2026 World Artificial Intelligence Conference in Shanghai and deliver a keynote address, marking his first in-person appearance at the annual event since its 2018 launch, according to the SOuth China Morning Post.
The four-day conference that starts later this week is scheduled to include more than 140 forums, 1,400 guests, 1,100 exhibitors and more than 300 global product debuts, alongside a high-level meeting on global AI governance. ( South China Moring Post ) UNESCO’s Regional Office for South Asia launched the Outlook Study on Artificial Intelligence and Gender in South Asia, its first regional assessment of women’s participation in AI across Bangladesh, Bhutan, India, Maldives, Nepal and Sri Lanka. The study found that barriers accumulate across education, research, workforce participation and entrepreneurship, with women underrepresented in STEM, AI research leadership, high-value AI roles and AI startup founding across the region.
( UNESCO ) A Gates Foundation-funded study published in Nature Medicine found that a generative AI clinical support tool safely improved clinical decision-making but did not significantly improve short-term patient outcomes in a trial involving more than 9,600 patients across 16 primary care clinics in Kenya. Researchers reported no statistically significant difference in 14-day treatment failure between AI-assisted and standard care, although the AI system improved clinical documentation and treatment planning while reducing antibiotic-related costs.
m. in Hart Senate Office Building Room 216.
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