Software

View All
A TikTok Alternative Hits 380K Users After U.S. Deal Drama - Professional coverage
PrivacySoftwareStartups

A TikTok Alternative Hits 380K Users After U.S. Deal Drama

According to TechCrunch, the TikTok alternative Skylight has soared to over 380,000 users following a surge in signups over the…

Leidos Bets $2.4 Billion on the Power Grid Boom - Professional coverage
DataSoftwareTechnology

Leidos Bets $2.4 Billion on the Power Grid Boom

According to Manufacturing.net, defense and technology contractor Leidos has signed a deal to acquire engineering firm ENTRUST Solutions Group for…

Google Cloud gaming boss says AI is your Iron Man suit - Professional coverage
AIInnovationSoftware

Google Cloud gaming boss says AI is your Iron Man suit

According to TechSpot, Jack Buser, the global director for games at Google Cloud, is pushing the narrative that AI tools…

AISemiconductors

TSMC Reports Record Quarterly Profit as AI Demand Fuels Semiconductor Growth

TSMC has announced a record quarterly net profit of $15 billion, marking a nearly 40% increase attributed to booming artificial intelligence applications. The world’s largest semiconductor manufacturer continues expanding globally with significant U.S. investments amid ongoing trade considerations.

Record-Breaking Financial Performance

Taiwan Semiconductor Manufacturing Company (TSMC), the world’s leading semiconductor manufacturer, has reported a nearly 40% surge in net profit for the July-September quarter, according to recent financial disclosures. Sources indicate the company achieved a record net profit of 452.3 billion new Taiwan dollars ($15 billion), exceeding analyst expectations and demonstrating the powerful impact of artificial intelligence demand on the semiconductor industry.

BusinessEnergy

Venture Global Faces Renewed Contract Concerns as LNG Clients Question Delivery Commitments

Venture Global LNG is confronting renewed skepticism from foundation customers about its contract fulfillment plans amid regulatory extensions for its Plaquemines facility. The company faces multiple arbitration cases and a negative outlook revision from Fitch as spot market prices create significant revenue incentives. Industry analysts suggest the situation mirrors previous contract disputes at the company’s Calcasieu Pass terminal.

LNG Supplier Addresses Contract Fulfillment Concerns

Venture Global LNG is working to reassure major energy clients about its commitment to long-term supply agreements amid growing concerns the company may prioritize spot market sales over contractual deliveries, according to industry reports. The Virginia-based liquefied natural gas exporter has communicated with foundation customers regarding its Plaquemines export terminal in Louisiana after securing regulatory approval to extend the facility’s operational timeline.

EconomyFinance

Wall Street Slumps as Banking Sector Concerns Overshadow AI Optimism

Major U.S. stock indices fell Thursday as banking sector concerns overshadowed positive AI developments. Regional banks tumbled following earnings reports revealing loan challenges, while broader economic uncertainty persisted.

Market Decline Amid Banking Sector Pressures

U.S. stocks retreated Thursday as concerns about the banking sector and broader economic health overshadowed positive developments in the artificial intelligence space, according to market reports. The S&P 500 declined 0.6%, while the Dow Jones Industrial Average dropped 301 points and the Nasdaq composite fell 0.5% during another volatile trading session on Wall Street.