Taiwan Semiconductor Manufacturing on Thursday reported sales for the month of June that topped expectations. TSM stock rose on the news.

Makers of the most advanced artificial intelligence systems will face new obligations for transparency, copyright protection and public safety. The rules are voluntary to start.

Nvidia has beaten the S&P 500 by 37% since the market bottomed in April.

Apple stock is down 15% this year as the company is behind with artificial intelligence.

Goldman Sachs spotlighted a slew of artificial intelligence-related beneficiaries that it believes the market is not yet fully appreciating.

Shares of Taiwan Semiconductor Manufacturing Co. (TSMC) and IBM have crushed the S&P 500’s returns over the last one year, three years, and five years. Shares of TSMC and IBM are currently yielding 1.26% and 2.31%, respectively. Artificial intelligence (AI) is the biggest secular growth trend today.

Meta Platforms has recently created a new Meta Superintelligence Labs division to focus on AI. It’s been spending heavily on artificial intelligence, recently investing $14 billion in privately held Scale AI. Meta has already been burning through a lot of cash via its metaverse business unit, Reality Labs.

At least some of it, anyway.

The New York legislature recently passed the Responsible AI Safety and Education Act (SB6953B) (“RAISE Act”). The bill awaits signature by New York Governor Kathy Hochul. Applicability and Relevant Definitions The RAISE Act applies to “large developers,” which is defined as a person that has trained at least one frontier model and has spent over $100 million in compute costs in aggregate in training frontier models.