October 14, 2024

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TSMC Set to Report 40% Profit Surge in Q3 Amid Soaring AI Chip Demand

Key Points TSMC is expected to report a 40% increase in Q3 profit, driven by high AI chip demand. The forecasted Q3 profit is T$298.2 billion, up from T$211 billion in the same period last year. TSMC’s major clients, including Apple, Nvidia, and AMD, rely heavily on its advanced chip technologies. TSMC is expanding its global production, investing $65 billion in new plants in Arizona. Taiwan Semiconductor Manufacturing Co (TSMC), the world’s largest contract chipmaker, is poised to announce a...

Latest October 14, 2024

Adobe Enters AI Video Generation with Firefly Video Model

Key Points Adobe has launched the Firefly Video Model, an AI tool that generates video from text prompts. Adobe’s tool will compete with similar video AI tools from OpenAI, ByteDance, and Meta. The Firefly Video Model will initially be available to users on a waiting list, and there is no confirmed general release date. Adobe is focused on using data...

Breakthrough in Hydrogen Storage: Safer, Efficient Polymer-Based Method Developed

Key Points University of Leoben researchers developed a new method for hydrogen storage using reactive polymers. The process involves catalytic hydrogenation and dehydrogenation reactions in polymers like polyvinyl naphthalene. This method stores around 5% by weight of hydrogen without requiring high pressures or low temperatures. The polymer-based approach offers enhanced safety, cost-efficiency, and ease of handling compared to traditional storage...

General Motors and Barclays Announce Long-Term Credit Card Partnership

Key Points GM and Barclays have signed a long-term credit card partnership that allows customers to earn and redeem reward points on GM vehicles. Barclays will acquire the GM credit card program's receivables from Goldman Sachs next year. Starting next summer, Barclays will become the exclusive issuer of GM Rewards Mastercard and GM Business Mastercard. The partnership strengthens Barclays' U.S....