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TSMC beat market expectations in the third quarter of 2025 with a 30 percent jump in revenue. The Taiwanese company reported 989.92 billion Taiwan dollars ($32.47 billion), surpassing the 973.26 billion T$ forecast by analysts surveyed by LSEG.

Soaring demand for artificial intelligence applications, especially from customers like Nvidia and Apple, drove the gains. This growth helped offset weaker chip sales in the consumer electronics sector. Revenue landed in the middle of TSMC's July forecast range of $31.8 billion to $33 billion. Full quarterly results are set to be released on October 16.

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The US government has approved the export of Nvidia AI chips worth several billion dollars to the United Arab Emirates, according to Bloomberg. The Commerce Department's approvals are part of a deal signed in May that ties US chip shipments to matching Emirati investments in the US.

US officials say the Gulf federation plans to invest about $1.4 trillion over the next decade. The initiative includes a five-gigawatt data center in Abu Dhabi, with OpenAI among the partners. Some lawmakers in Washington have raised concerns about security risks and growing Chinese influence. The Trump administration sees the deal as a way to keep China out of the Middle East.

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OpenAI and Anthropic are considering using investor funds to cover potential multibillion-dollar lawsuits after insurers refused to provide comprehensive coverage for AI-related risks, according to the Financial Times.

People familiar with the matter said OpenAI has secured only about 300 million dollars in insurance for emerging AI risks—a small fraction of what would be needed to handle ongoing lawsuits that could reach into the billions. The company is now weighing a form of self-insurance, drawing from its roughly 60 billion dollars in investor funds.

Anthropic, meanwhile, is already using internal resources to help fund a 1.5 billion dollar settlement. The FT reports that insurers have grown wary of so-called "nuclear verdicts"—unprecedented damage awards against young tech firms developing high-stakes technologies.

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Venture capitalists have already invested $192.7 billion in AI startups in 2025 - a new record. For the first time, more than half of all global VC funding is flowing into AI, according to an analysis by PitchBook.

Major players like Anthropic and xAI have secured multi-billion dollar rounds, while smaller startups outside the AI sector are finding it harder to raise money. Kyle Sanford at PitchBook describes the result as a split market - it's either AI or not.

In the US, 62.7 percent of VC funding went to AI companies, compared to 53.2 percent worldwide. In total, global VC investment for 2025 stands at $366.8 billion, with $250.2 billion coming from the US.

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