Taiwan Semiconductor Manufacturing Co. (TSMC) confirmed that its investment plans in the United States will continue unchanged, following the election of Donald Trump as the next US president. TSMC, a leading global chipmaker and supplier to tech giants like Apple and Nvidia, is investing $65 billion in new semiconductor factories in Arizona.
Despite Trump’s previous comments accusing Taiwan of harming the US semiconductor industry, TSMC has recently secured a $6.6 billion subsidy from the US Commerce Department to support advanced chip production in Phoenix. TSMC’s US unit, along with other firms like GlobalFoundries, is expected to receive additional support under the Biden administration’s Chips and Science Act.
TSMC shares have remained resilient, bolstered by strong demand for AI technology, with its American Depositary Receipts rising 4.1% on Thursday as Nvidia’s stock surged, helping drive investor confidence.
Cloud monitoring firm Datadog raised its annual revenue and profit forecasts on Thursday, driven by increasing demand for its AI-backed cybersecurity products. The New York-based company now expects full-year revenue of about $2.66 billion, up from its previous projection of $2.62 to $2.63 billion, with analysts having anticipated $2.63 billion. Datadog also raised its adjusted profit forecast to between $1.75 and $1.77 per share, surpassing earlier estimates of $1.62 to $1.66.
The company’s performance has been bolstered by the growing adoption of AI applications by its customers, who are increasingly deploying these tools in live production environments. As AI apps run in the cloud, Datadog stands to benefit from the ongoing migration to cloud services, which drives demand for its monitoring software. For the quarter ending September 30, Datadog reported revenue of $690 million, beating the expected $664.3 million, and posted an adjusted profit of 46 cents per share, exceeding analysts’ predictions of 40 cents.
Despite the strong results and optimistic growth outlook, Datadog’s stock saw some volatility, rising 4.1% before later paring its gains as investors reacted to high expectations for the company’s performance.
French AI startup LightOn launched an initial public offering (IPO) on the Euronext Growth market in Paris, with its debut trading expected later this month. The company, known for its large language model (LLM) software used by businesses and the French government, will be Europe’s first publicly listed generative AI startup, a significant milestone as France aims to position itself as a leader in AI within Europe.
LightOn’s co-CEOs Igor Carron and Laurent Daudet emphasised that the IPO provides a ‘unique opportunity’ for investors to support a growing French tech company with a track record of success both in France and internationally. Shares are priced at 10.35 euros, valuing the company at around 50 million euros, and LightOn aims to raise roughly 10.4 million euros through the capital increase. The subscription period will run until November 20, with shares expected to trade beginning 26 November.
This move aligns with France’s broader push to close the innovation gap with the US and the UK, with ambitions for 100 tech ‘unicorns’ by 2030. LightOn’s listing could signal an opening for more European AI firms to seek public funding, offering investors access to an evolving tech market in the region.
Amazon is reportedly in advanced talks for a second multi-billion dollar investment in the AI startup Anthropic, building on its previous $4 billion commitment made in 2023. This new investment would not only bolster Amazon’s growing ties with Anthropic but also help enhance its strategic position in the highly competitive AI sector. Anthropic, which is using Amazon Web Services (AWS) to power its AI model training, has become a key player in the AI race.
In addition to providing financial backing, Amazon has reportedly asked Anthropic to utilise its servers, which are powered by Amazon’s custom-designed chips. However, sources note that Anthropic has a preference for using Nvidia-designed chips, which are widely recognised as the industry standard for AI processing. This dynamic highlights the ongoing competition between Amazon and Nvidia in the AI hardware space, as both tech giants vie for dominance in the rapidly expanding market.
Anthropic, founded by former OpenAI executives Dario and Daniela Amodei, has attracted significant interest from other major players in the tech industry. The startup secured a $500 million investment from Google’s parent company, Alphabet, last year, with Alphabet pledging an additional $1.5 billion over time. Despite these investments, both Amazon and Anthropic have declined to comment on the specifics of the latest talks regarding the new investment, underscoring the confidential nature of these high-stakes negotiations.
GlobalWafers has expressed optimism that the US Chips and Science Act will continue to provide strong support for chip manufacturers under the new administration. This landmark act, aimed at boosting domestic semiconductor production, offers financial incentives to encourage companies to invest in US facilities—a vital step toward securing supply chains and reducing reliance on foreign manufacturing.
In a recent statement, GlobalWafers noted that programs of this scale and duration are typically supported across different US administrations, given their importance to economic and national security. The company sees the CHIPS Act as essential for driving investments in semiconductor production and also for advancing technological innovation within the industry. They anticipate that the act’s stability under a Trump administration will allow businesses to plan long-term investments in US operations without interruption.
By fostering consistent investment in chip manufacturing, GlobalWafers believes the CHIPS Act will help ensure a robust, self-reliant US semiconductor ecosystem. The program’s continuation is seen as crucial for sustaining growth in the industry, creating jobs, and advancing the global competitiveness of the US in semiconductor technology.
Apple has launched the AI-powered version of iOS 18.2, bringing new features to public beta users. These include tools like Genmoji, an AI-powered emoji generator, Image Playground for creating AI-generated images and ChatGPT integration with Siri. The update also introduces Visual Intelligence, which uses the iPhone 16’s camera for real-time object and place identification. These features were previously available only to developers but are now open to select users, with some requiring a waitlist for access.
The new capabilities, grouped under “Apple Intelligence,” promise to enhance Siri’s functionality, including offering writing and proofreading assistance across apps. Apple plans to extend these AI tools to third-party developers, potentially increasing their impact. For now, users can experiment with ChatGPT for text generation and image creation, as well as generate custom emojis and edit rough sketches using Image Wand.
While Apple Intelligence is enabled by default on some devices, others will need to sign up for the new features. However, there’s a waitlist for certain tools, which Apple is managing to ensure a safe rollout. Concerns over misuse, like the creation of NSFW emojis, have contributed to the cautious approach.
The update follows AI improvements introduced in iOS 18.1, such as enhanced writing tools and updated Siri features. Alongside iOS 18.2, Apple also released public betas for iPadOS 18.2, macOS Sequoia 15.2, and tvOS 18.2, continuing to expand its AI-driven ecosystem.
Singapore’s Keppel has announced an agreement to acquire an AI-ready data centre being developed by Japan’s Mitsui Fudosan in Tokyo. The deal comes shortly after Keppel revealed plans to significantly increase its data centre funds under management, aiming to take advantage of the growing AI sector.
Mitsui Fudosan will handle the core and shell development of the facility, while Keppel’s private fund will oversee the fit-out works. The data centre is expected to be completed by 2027, with Keppel taking on the role of facility manager, which will contribute to its recurring income stream.
Keppel emphasised its ongoing partnership with Mitsui Fudosan to develop a strong pipeline of assets for its upcoming Keppel Data Centre Fund III. Financial details of the transaction have not been disclosed due to confidentiality agreements.
Google has announced plans to open a new AI-focused data centre in Saudi Arabia, aligning with Saudi Arabia’s Public Investment Fund to expand research in Arabic language AI models and ‘Saudi-specific AI applications.’ The project arrives as Google continues to face scrutiny over meeting its own climate goals, including its commitment to reduce carbon emissions by 2030.
The tech giant’s choice of location, a region highly dependent on fossil fuels, has raised eyebrows, given Google’s 2020 pledge to avoid developing AI algorithms for oil and gas. Aramco, Saudi Arabia’s state-owned petroleum company, currently uses AI to enhance production, with one oil field reportedly seeing a 15% boost through AI integration. While Google has stated the partnership ‘comports’ with its climate pledges, the data centre may contribute to advancing AI within the oil and gas sector.
The exact nature of ‘Saudi-specific AI applications’ remains unclear, though the centre could have implications for energy production as AI’s role in Saudi industry expands.
In a groundbreaking test for sustainable space exploration, Japan has launched the world’s first wooden satellite, LignoSat, aboard a SpaceX mission. Developed by Kyoto University and Sumitomo Forestry, LignoSat will orbit approximately 400 kilometers above Earth to test whether timber can endure the harsh conditions of space, marking an early step toward using wood in lunar and Mars habitats.
LignoSat, crafted from Japanese honoki wood, will remain in orbit for six months, with onboard sensors monitoring the wood’s resilience to extreme space temperatures and radiation. Researchers believe that, unlike metals, wood can burn up cleanly upon reentry, potentially reducing space debris and environmental impact compared to traditional satellites.
Kyoto University astronaut and project leader Takao Doi sees LignoSat as a first step toward a future where timber could be used to build sustainable housing on the moon and Mars. Doi’s team is exploring honoki wood’s effectiveness as a protective material in space, highlighting its role in possibly reinvigorating Japan’s timber industry while opening new paths for green technology in space missions.
NTT DATA and Google Cloud have partnered to accelerate the adoption of cloud-based data analytics and generative AI solutions across the Asia Pacific region. By combining NTT DATA’s industry expertise and client base with Google Cloud’s cutting-edge technologies, the partnership aims to drive innovation, improve operational efficiency, and enhance agility for enterprises.
Specifically, the collaboration focuses on co-developing industry-specific solutions for sectors such as healthcare, financial services, manufacturing, retail, and the public sector. A new NTT DATA Google Cloud Business Unit will also be created to focus on joint solutions in data analytics, GenAI, applications, infrastructure, cybersecurity, and SAP on the Google Cloud Platform (GCP).
The expansion also involves enhancing internal expertise, as NTT DATA plans to certify at least 1,000 more engineers in the APAC region and provide advanced training to its teams to ensure successful solution delivery. With global public cloud spending projected to grow significantly, the partnership aims to capture the increasing demand for cloud services and AI-driven solutions.
The goal is to grow NTT DATA’s cloud business in APAC by more than 10 times over the next three years. By combining NTT DATA’s digital transformation portfolio with Google Cloud’s advanced technologies, the collaboration is set to drive modernisation in AI, cloud infrastructure, and cybersecurity, offering businesses secure and efficient solutions to accelerate their digital transformation.
