TSMC, the world’s largest contract chipmaker, posted a 39.1% jump in third-quarter net profit on Thursday, beating market forecasts and hitting a record as it benefited from surging demand for semiconductors used in artificial intelligence applications. Taiwan Semiconductor Manufacturing Co, whose customers include Nvidia and Apple, saw July-September net profit rise to T$452.3 billion ($14.76 billion). The profit handily beat a T$417.7 billion LSEG SmartEstimate, which is weighted toward forecasts from analysts who are more consistently accurate.

Institutions are learning that the real gains come from putting AI deeper into the business, not just on top of it.

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MIT researchers developed a training method that teaches vision-language generative AI models to localize a specific object, like a person’s pet, in a new scene.

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After receiving backlash, OpenAI CEO Sam Altman said that the company is not rolling back any restrictions related to “mental health.”

Its American depositary receipts are trading at the highest premium to its Taipei shares since 2002, on a 50-day moving average basis. The ADRs have surged 54% this year, outpacing the 38% gain in the Taiwan listing, as global traders boost bullish bets. “We are positive on TSMC’s outlook and expect it to raise its full-year 2025 sales growth outlook,” said Rex Chen, a Taipei-based fund manager at Capital Investment Trust Corp.