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TSMC Sells Remaining Stake in Arm Holdings for $231 Million

Key Points: TSMC sold its final 1.11 million shares in Arm Holdings for a total of $231 million in cash. The chipmaker finalized the stock sale between April 28 and April 29 at $207.65 per share. TSMC originally invested $100 million in Arm's initial public offering in 2023 at $51 per share. Arm shares fell 7.98% on Tuesday during regular trading hours. Taiwan Semiconductor Manufacturing...

Goldman Sachs Blocks Hong Kong Staff From Using Anthropic’s Claude AI

Key Points: Goldman Sachs recently removed access to Anthropic's Claude artificial intelligence for its bankers stationed in Hong Kong. The Wall Street bank made this strict decision after a close review of its service contract with the technology startup. Despite the ban on Claude, Hong Kong employees can still access other popular AI models, such as Google Gemini and OpenAI's ChatGPT. The restriction follows a...

Honda Delays Artificial Intelligence Self-Driving Technology to 2028 After Canceling Electric Vehicles

Key Points: Honda pushed back the launch of its advanced artificial-intelligence self-driving system by one year to 2028. The automaker recently canceled three planned electric vehicle models in North America due to slowing market demand. Engineers will now install the autonomous technology into hybrid cars, starting with the Vezel sport utility vehicle in Japan. Competitors like Tesla and Nissan continue to race forward with their...