Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s leading contract chipmaker, reported a significant 39.6% year-over-year surge in May revenue, reaching NT$320.52 billion ($10.70 billion).
This robust growth is primarily attributed to sustained high demand for its AI chips. The company, a key supplier to tech giants like Apple and Nvidia, has seen its US-listed shares rise over 2% in premarket trading, extending their 5% gain so far this year.
Despite May’s revenue being down 8% from April’s figure, the chipmaker’s January-to-May revenue climbed nearly 43% compared to the same period last year, reaching NT$1.51 trillion.
This strong performance underpins TSMC’s ambitious expansion plans, including a previously announced intent to invest $100 billion in U.S.-based chip-manufacturing facilities.
TSMC CEO C.C. Wei reiterated the company’s full-year 2025 revenue projection in April, anticipating an increase of ‘close to mid-20s percent in US dollar terms.’
The continued strong demand for AI chips is expected to be a major driver in achieving these financial targets, solidifying TSMC’s critical role in the global technology landscape.
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Dogecoin has seen a sharp decline of over 10% in the past week, falling to $0.179. The drop coincides with heightened uncertainty linked to Elon Musk and Donald Trump, which appears to have dampened investor sentiment.
Despite the setback, Dogecoin remains the eighth-largest cryptocurrency by market capitalisation at $26.88 billion and commands a dominance of 0.8299%.
Technical analysis shows widening Bollinger Bands on the 4-hour chart, indicating increased volatility. The price touched the lower band near $0.17 before making a mild recovery towards the midline.
Meanwhile, trading volume surged to $1.63 billion, suggesting a large-scale sell-off. The Relative Strength Index (RSI) fell into an oversold zone but is now showing signs of recovery at 39.75, hinting at a potential reversal.
If bullish momentum continues, Dogecoin could test the resistance level at $0.183, with possible targets at $0.200 and $0.217. However, failure to break through could send the price down to the key support level of $0.165 in the coming weeks.
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TikTok has announced plans to expand its UK operations significantly, adding over 500 new jobs and investing in a significant new office in London.
Despite ongoing scrutiny from Western governments over data security and alleged ties to the Chinese state, TikTok insists it invests heavily in trust and safety.
The company already employs 2,500 people in the country and will bring its UK workforce to 3,000 by the end of 2025.
The announcement coincides with London Tech Week, where Prime Minister Keir Starmer welcomed major global tech firms to showcase innovation and economic commitment.
TikTok’s UK director, Adam Presser, described the country as the platform’s largest user community in Europe, with over 30 million monthly users.
He emphasised that the company’s growth strategy includes commitments to digital safety and economic support for local creators and entrepreneurs.
Company leaders have reiterated that they aim to create a secure space while supporting the broader economy through innovation and job creation.
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Mark Zuckerberg, Meta Platforms CEO, is reportedly building a new team dedicated to achieving artificial general intelligence (AGI), aiming for machines that can match or exceed human intellect.
The initiative is linked to an investment exceeding $10 billion in Scale AI, whose founder, Alexandr Wang, is expected to join the AGI group. Meta has not yet commented on these reports.
Zuckerberg’s personal involvement in recruiting around 50 experts, including a new head of AI research, is partly driven by dissatisfaction with Meta’s recent large language model, Llama 4. Last month, Meta even delayed the release of its flagship ‘Behemoth’ AI model due to internal concerns about its performance.
The move signals an intensifying race in the AI sector, as rivals like OpenAI are also making strategic adjustments to attract further investment in their pursuit of AGI. This highlights a clear push by major tech players towards developing more advanced and capable AI systems.
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The temporary outage of ChatGPT this morning left thousands of users struggling with their daily tasks, highlighting a growing reliance on AI.
Social media was flooded with humorous yet telling posts from users expressing their inability to perform even basic functions without AI. This incident has reignited concerns about society’s increasing dependence on closed-source AI tools for work and everyday life.
OpenAI, the developer of ChatGPT, is currently investigating the technical issues that led to ‘elevated error rates and latency.’ The widespread disruption underscores a broader debate about AI’s impact on critical thinking and productivity.
While some research suggests AI chatbots can enhance efficiency, others, like Paul Armstrong, argue that frequent reliance on generative tools may diminish critical thinking skills and understanding.
The discussion around AI’s role in the workplace was a key theme at the recent SXSW London event. Despite concerns about job displacement, exemplified by redundancies at Canva, firms like Lloyd’s Market Association are increasingly adopting AI, with 40% of London market companies now using it.
Industry leaders maintain that AI aims to rethink workflows and empower human creativity, with a ‘human layer’ remaining essential for refining and adding nuanced value.
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Apple has unveiled a range of AI features at its annual Worldwide Developers Conference, focusing on tighter privacy, enhanced user tools and broader integration with OpenAI’s ChatGPT. These updates will appear across iOS 26, iPadOS 26, macOS 26 and visionOS 26, set to launch in autumn.
While Apple Intelligence was first teased last year, the company now allows third-party developers to access its on-device AI models for the first time.
CEO Tim Cook and software chief Craig Federighi outlined how these features are intended to offer more personalised, efficient apps. Users of newer iPhones will benefit from tools such as live translation in Messages and FaceTime, and AI-powered image analysis via Visual Intelligence.
Apple also enables users to blend emojis creatively and use ChatGPT through its Image Playground to stylise photos. Enhancements to the Wallet app will help summarise order tracking from emails, and AI-generated voices will offer fitness updates.
Despite these innovations, Apple’s redesign of Siri remains incomplete and is not expected to launch soon.
The event failed to deliver major surprises, as many details had already been leaked. Investors responded cautiously, sending Apple shares down by 1.2%. The firm has lost 20% of its value in the year and no longer holds the top spot as the world’s most valuable company.
Nonetheless, Apple is expected to reveal more AI advancements in 2026.
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Marks & Spencer has resumed online clothing orders following a 46-day pause triggered by a cyberattack. The retailer restarted standard home delivery across England, Scotland and Wales, focusing initially on best-selling and new items instead of the full range.
A spokesperson stated that additional products will be added daily, enabling customers to gradually access a wider selection. Services such as click and collect, next-day delivery, and international orders are expected to be reintroduced in the coming weeks, while deliveries to Northern Ireland will resume soon.
The disruption began on 25 April when M&S halted clothing and home orders after issues with contactless payments and app services during the Easter weekend. The company revealed that the breach was caused by hackers who deceived staff at a third-party contractor, bypassing security defences.
M&S had warned that the incident could reduce its 2025/26 operating profit by around £300 million, though it aims to limit losses through insurance and internal cost measures. Shares rose 3 per cent as the online service came back online.
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Telegram founder Pavel Durov says he remains baffled by his detention in France, describing the incident as politically charged and unjustified. In his first interview since his August 2024 arrest, Durov said French prosecutors treated Telegram’s operations as a mystery.
Durov was indicted on six charges, including complicity in criminal activity, money laundering, and failing to respond to legal requests. He denied the accusations, stating that a top-tier accounting firm audits Telegram and spends millions on compliance quarterly.
‘We did nothing wrong,’ he said, accusing French authorities of failing to follow due legal process.
Carlson criticized the arrest as an attempt to humiliate Durov and questioned why civil liberties advocates were silent.
In response, Durov pointed out that over nine million Telegram users have signed a letter demanding his release. He also emphasized that Telegram is prepared to leave countries that oppose its values.
Telegram’s global user base continues to grow rapidly, reaching one billion monthly active users as of March 2025.
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Paraguay’s government warned of possible unauthorised access to President Santiago Peña’s X account after a false Bitcoin legal tender claim. The now-deleted message announced a $5 million Bitcoin reserve fund and featured a decree with the national coat of arms.
Officials quickly noted inconsistencies in the statement’s formatting and tone. No matching information was published on government websites or state-run media. These red flags led observers to question the post’s authenticity almost immediately.
Authorities confirmed that the president’s account had shown signs of ‘irregular activity’, suggesting it may have been compromised. Citizens have been urged to ignore the claim and await verified updates through official channels.
Although countries like El Salvador have formally adopted Bitcoin as legal tender, Paraguay has made no such move. At the time of writing, no further details had been released regarding the source or method of the suspected breach.
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Reddit has taken legal action against AI company Anthropic, accusing it of scraping content from the platform’s sports-focused communities.
The lawsuit claims Anthropic violated Reddit’s user agreement by collecting posts without permission, particularly from fan-driven discussions that are central to how sports content is shared online.
Reddit argues the scraping undermines its obligations to over 100 million daily users, especially around privacy and user control. According to the filing, Anthropic’s actions override assurances that users can manage or delete their content as they see fit.
The platform emphasises that users gain no benefit from technology built using their contributions.
These online sports communities are rich sources of original fan commentary and analysis. On a large scale, such content could enable AI models to imitate sports fan behaviour with impressive accuracy.
While teams or platforms might use such models to enhance engagement or communication, Reddit warns that unauthorised use brings serious ethical and legal risks.
The case could influence how AI companies handle user-generated content across the internet, not just in sports. As web scraping grows more common, the outcome of the dispute may shape future standards for AI training practices and online content rights.
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