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TSMC profit surges 61% to record high fueled by AI chip demand

A motorcycle is seen near a building of the Taiwan Semiconductor Manufacturing Company (TSMC), which is a Taiwanese multinational semiconductor contract manufacturing and design company, in Hsinchu, Taiwan, on April 16, 2025. Taiwan Semiconductor Manufacturing Company on Thursday reported a near 61% year-on-year rise in second-quarter profit, hitting a record high and beating estimates, as demand for artificial intelligence chips stayed strong. The world's largest contract chip manufacturer fo

TSMC forecasts 38% jump in third-quarter revenue after results beat on AI chip demand

A motorcycle is seen near a building of the Taiwan Semiconductor Manufacturing Company (TSMC), which is a Taiwanese multinational semiconductor contract manufacturing and design company, in Hsinchu, Taiwan, on April 16, 2025. Taiwan Semiconductor Manufacturing Company on Thursday reported a near 61% year-on-year rise in second-quarter profit, beating estimates, as demand for artificial intelligence chips stays strong. The world's largest contract chip manufacturer expects third-quarter revenue

EU likely to shelve digital tax plan that would target Apple and other Big Tech companies

Just ahead of its next multi-year budget proposal, the European Commission is walking back plans to impose a digital tax on Big Tech companies, handing a win to both U.S. tech giants like Apple and Meta, and to President Trump. Out with the digital tax, in with a few more Initially pitched as a way to help repay the EU’s shared pandemic-era debt, the digital levy was floated in May and appeared in internal drafts of the bloc’s next seven-year budget, now expected to be published by the Europea

Weekly subscriptions dominate iOS app revenue, report finds

Weekly subscriptions have now become one of the most popular ways iOS apps are earning revenue, with these plans contributing 46% to the bottom line, according to a new report by app revenue management platform Adapty. The study, which observed $1.9 billion in revenue across more than 11,000 apps, noted that weekly plans have grown by 9.5% this year compared to one-time purchases, which grew by 6.3% in the first quarter. Other paid plans, including monthly, yearly, and lifetime subscriptions, d

The Hidden Cost of OpenAI’s Genius

OpenAI is the undisputed poster child of the AI revolution, the company that forced the world to pay attention with the launch of ChatGPT. But behind the scenes, a desperate and wildly expensive battle is raging, and the cost of keeping the company’s geniuses in-house is becoming astronomical. According to a recent report from The Information, OpenAI revealed to investors that its stock-based compensation for employees surged more than fivefold last year to an astonishing $4.4 billion. That fig

Apple to release Q3 2025 earnings results on Thursday, July 31

Today, Apple announced that it will report its quarterly results for April, May, and June on July 31st. Here’s what to expect. Last year, Apple reported $85.8 billion in revenue, which was a record for a fiscal Q3, and a 4.8% increase year over year. Product-wise, iPad revenue grew 24% thanks to the release of the M4 iPad Pro and the M2 iPad Air, Mac revenue grew 2%, iPhone revenue dropped 1%, while Wearable, Home, and Accessories dropped 2%. Services saw its usual double-digit grown, maintai

App Store revenue and downloads increased in June, but users are spending less on games

Bank of America has released its latest App Store performance data, and observed that while revenue is growing faster than downloads, users are shifting how they spend their money. According to the report (via Investing.com), which cited SensorTower data, global App Store revenue rose 12% year over year in June, while downloads were up just 4%. That widening gap suggests a positive shift in monetization, although users are reportedly increasingly spending more in non-gaming categories: “Gamin

What comes after Twitter and Meta? The founders of 01A share their playbook at TechCrunch Disrupt 2025

TechCrunch Disrupt 2025 is coming to Moscone West in San Francisco, October 27–29, and we’re bringing the heavy hitters to the Builders Stage. On October 28, three names that helped shape the modern internet are sitting down for an exclusive fireside chat on what it takes to build, scale, and fund startups in today’s ever-shifting tech landscape. Adam Bain, Dick Costolo, and David Fischer are now leading the charge at 01 Advisors, a venture firm investing in breakout companies like Tipalti and

As AI kills search traffic, Google launches Offerwall to boost publisher revenue

Google’s AI search features are killing traffic to publishers, so now the company is proposing a possible solution. On Thursday, the tech giant officially launched Offerwall, a new tool that allows publishers to generate revenue beyond the more traffic-dependent options, like ads. Offerwall lets publishers give their sites’ readers a variety of ways to access their content, including through options like micropayments, taking surveys, watching ads, and more. In addition, Google says that publis

As AI kills search traffic, Google launches Offerwall to boost publisher revenue

Google’s AI search features are killing traffic to publishers, so now the company is proposing a possible solution. On Thursday, the tech giant officially launched Offerwall, a new tool that allows publishers to generate revenue beyond the more traffic-dependent options, like ads. Offerwall lets publishers give their sites’ readers a variety of ways to access their content, including through options like micro payments, taking surveys, watching ads, and more. In addition, Google says that publi

Micron reports earnings, revenue beat and issues strong forecast

Micron CEO Sanjay Mehrotra speaks before President Joe Biden delivers remarks on the CHIPS and Science Act and his Investing in America agenda, at the Milton J. Rubenstein Museum in Syracuse, New York, April 25, 2024. Micron shares rose in extended trading on Wednesday after the chipmaker reported better-than-expected earnings and revenue and issued a forecast that also topped analysts' estimates. Here's how the company did in comparison with the LSEG consensus: Earnings per share: $1.91, a

In just 3 months, Ramp’s valuation jumped to $16B from $13B

In Brief Spend management startup Ramp announced on Tuesday that it raised a $200 million Series E led by its largest investor, Founders Fund, at a post money $16 billion valuation. This is a jaw-dropping $3 billion increase over the $13 billion valuation Ramp announced just a few months ago in March from a $150 million secondary share sale. It’s current valuation is also more than double the $7.65 billion Ramp hit a little over a year ago when it raised $150 million at a $7.65 billion post mo

Own, a new social media app, aims to tokenize the creator economy

With the TikTok deadline to sell its U.S. operations now just two days away, a new decentralized social media app launched its beta to the public on Tuesday. Own is the latest alternative to TikTok to emerge, featuring a swipeable feed for not just short videos but also text posts and images, as well as other features you’d expect, like direct messaging. However, the new app aims to disrupt the market by utilizing blockchain technology and a token economy. Most notably, content creators on the

Oracle shares climb 8% as earnings, revenue top estimates

From left, former Fox Corp. Executive Chairman Rupert Murdoch and Larry Ellison, Oracle's co-founder, chief technology officer and executive chairman, listen as U.S. President Donald Trump speaks to reporters in the Oval Office of the White House in Washington on Feb. 3, 2025. Oracle shares rose about 8% in extended trading on Wednesday after the software maker reported results that exceeded Wall Street estimates and signaled that cloud growth will accelerate. Here's how the company did in com

Amazon surpasses Walmart in revenue for the first time

Amazon CEO Andy Jassy speaks during the New York Times DealBook Summit in the Appel Room at the Jazz At Lincoln Center in New York City on Nov. 30, 2022. Amazon has dethroned Walmart in quarterly revenue for the first time ever. Amazon said earlier this month that it brought in $187.8 billion in revenue during the fourth quarter. That beat Walmart's sales for the period, which came in at $180.5 billion, the company reported on Thursday. Since 2012, Walmart has held the distinction of being th

Rivian inches closer to profitability but warns ‘changes to government policies’ could hurt

Rivian’s cost-cutting measures have gotten it a lot closer to profitability, but the company is warning that 2025 could still be a challenging year — especially because of the whorl of uncertainty caused by the new Trump administration. The company announced Thursday its fourth-quarter and full-year 2024 financial results, and along with it, shared plans to deliver between 46,000 and 51,000 EVs across 2025. Rivian cautioned that “changes to government policies and regulations, and a challenging