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TSMC approves up to $1 billion investment in Anthropic and OpenAI

Reuters +1 · ·by G4L

TSM Taiwan Semiconductor Manufacturing ADR
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  1. 1TSMC's board has approved a combined investment of up to $1 billion in Anthropic and OpenAI.
  2. 2This includes an investment of up to $500 million for the acquisition of Anthropic shares.
  3. 3TSMC's October revenue growth recorded 60% compared to the same month last year.

So what's the key point?

TSMC has decided to invest up to $1 billion in artificial intelligence companies. This spending comes as revenue has increased by 60% compared to last year.

Source Reuters +1 · View original ↗

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