STORY: :: ASML From billions in earnings for chipmakers to Anthropic's cybersecurity concerns, this is AI Weekly. :: AI Weekly :: Meta Meta is expanding its deal with chip designer Broadcom to build several generations of custom processors to power AI features across its apps. The deal announced Tuesday extends their partnership through 2029. It includes an initial commitment of more than one giga...
STORY: :: ASML From billions in earnings for chipmakers to Anthropic's cybersecurity concerns, this is AI Weekly. :: AI Weekly :: Meta Meta is expanding its deal with chip designer Broadcom to build several generations of custom processors to power AI features across its apps. The deal announced Tuesday extends their partnership through 2029. It includes an initial commitment of more than one gigawatt of computing capacity – enough to power roughly 750,000 U.S. homes. :: ASML The world's largest supplier of chipmaking tools, ASML reported stronger-than-expected first-quarter earnings on Wednesday (April 15). It hit around $3.2 billion - up from the same period a year ago. The Dutch company also raised its revenue outlook for the year. :: TSMC Fellow chipmaker TSMC saw a 35% surge in first-quarter revenue. The world's largest contract chipmaker said January to March income hit just over $35.7 billion. The number beat market forecasts and came from huge demand for AI applications. Analysts raised their forecasts for April to June revenue despite concerns over possible supply disruption caused by the Middle East conflict. China's chip industry is also showing strong growth momentum as a global sprint to build AI infrastructure creates a demand explosion. Semiconductor industry executives said higher capital spending and capacity expansion has chipmakers racing to keep up. China's manufacturing capacity for chips used in cars, smartphones and electronics is projected to reach 42% of global output by 2028 according to one industry executive. U.S. Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell held an urgent meeting with major bank CEOs, warning of cybersecurity risks linked to Anthropic’s latest AI model. That’s according to two sources familiar with the matter. Anthropic launched its powerful new “Mythos” model but stopped short of a broad release, citing concerns it could expose previously unknown cybersecurity vulnerabilities.
Darren415 Wall Street's top banks notched new records with their first-quarter results, capitalizing on market volatility fueled by the Iran war. JPMorgan Chase ( JPM ) posted its highest-ever trading revenue for the quarter, while Citigroup ( C ) reported its highest quarterly markets revenue in a decade. JPMorgan ( JPM ), Citi ( C ) and Wells Fargo ( WFC ) together reported over $25B of profits ...
Darren415 Wall Street's top banks notched new records with their first-quarter results, capitalizing on market volatility fueled by the Iran war. JPMorgan Chase ( JPM ) posted its highest-ever trading revenue for the quarter, while Citigroup ( C ) reported its highest quarterly markets revenue in a decade. JPMorgan ( JPM ), Citi ( C ) and Wells Fargo ( WFC ) together reported over $25B of profits for the first quarter, as their traders benefited from sharp market moves driven by geopolitical shocks in Venezuela and Iran. Market volatility is good for investment banks as they make money from financing and facilitating client trades. Meanwhile, Wells Fargo ( WFC ) – which is more reliant on retail and commercial banking for its earnings – saw its loan book surpass $1T in the first quarter. Its CEO Charles Scharf noted that while consumers are spending more than a year ago, including on gas, they haven't slowed spending on everything else yet. "We have seen historically that it often takes consumers several months to reduce their spend levels on other categories to adjust for higher oil prices," he added. "And while we don't know the exact timing, we would expect to see the same in the second half of the year." JPMorgan ( JPM ) CFO Jeremy Barnum also pointed to a "resilient consumer that's doing fine" despite higher gas prices. "We've looked to see if there's evidence of people trading, decreasing other discretionary spending to adjust for higher gas prices, but it's just kind of not enough yet to be visible." More on banks Citigroup (C) Q1 2026 Earnings Call Transcript JPMorgan (JPM) Q1 2026 Earnings Call Transcript Earnings from banks offer views of private credit exposure Wells Fargo falls after mixed Q1 results, NII below estimates
Apple quietly threatened to kick Elon Musk's AI app, Grok, from its App Store in January over its failure to curb the surge of nonconsensual sexual deepfakes flooding X, according to NBC News . It was a muted show of force from one of tech's most powerful gatekeepers, made behind closed doors even as the undressing crisis unfolded in full public view and criticism over Apple's cowardice mounted. I...
Apple quietly threatened to kick Elon Musk's AI app, Grok, from its App Store in January over its failure to curb the surge of nonconsensual sexual deepfakes flooding X, according to NBC News . It was a muted show of force from one of tech's most powerful gatekeepers, made behind closed doors even as the undressing crisis unfolded in full public view and criticism over Apple's cowardice mounted. In a letter obtained by NBC News , Apple told US senators it "contacted the teams behind both X and Grok after it received complaints and saw news coverage of the scandal" and demanded that the developers "create a plan to improve content moderation." … Read the full story at The Verge.
Goldman Highlights Global Nuclear Progress Across SMRs And The Fuel Chain March saw the submission of multiple construction permits for new reactors, while new designs like India's thorium reactor , obtained their first criticality. Microreactors in the US also progressed through DOE regulatory pathways as they approach a criticality deadline in July. Last month also saw multiple headlines in the ...
Goldman Highlights Global Nuclear Progress Across SMRs And The Fuel Chain March saw the submission of multiple construction permits for new reactors, while new designs like India's thorium reactor , obtained their first criticality. Microreactors in the US also progressed through DOE regulatory pathways as they approach a criticality deadline in July. Last month also saw multiple headlines in the US across the nuclear fuel chain. Uranium pricing in the spot market was relatively flat after the significant pullback in February. GS updated their uranium supply demand model to account for some of the latest updates resulting in a continued gross mismatch over the next couple decades. These nuclear industry updates come in a time of great power competition in the form of an AI race between China and the US. Constellation Energy's CEO Joseph Dominguez recently stated the US is "very behind" China in the race to build up energy to feed AI data centers. Taking into account the fact that China has built the entirety of the US electric system since just 2010 , Dominguez said "we're in some trouble" if building as fast as China is what it takes to win. He additionally argues a restructuring of national grid operations to better manage peak energy demands could more appropriately balance use of the grid and potentially lead to lower energy prices. Goldman Sachs analyst Brian Lee reviews headlines across the nuclear industry for March. New reactor progress and announcements North America 3/16/26 - Canada - Darlington Unit 4 has returned to service at 100% power, completing Ontario Power Generation’s four‑unit Darlington Refurbishment Project, which extends the plant’s operating life by around 30 years; the CAD 12.8 billion programme was finished four months ahead of schedule and CAD 150 million under budget, marking the full return of all four Candu units to operation. 3/26/2026 - United States - NASA plans to launch Space Reactor‑1 Freedom, the first nuclear‑powered interplane...
Dilok Klaisataporn/iStock via Getty Images The market’s reaction to Goldman Sachs’ ( GS ) first quarter (Q1) earnings for FY2026 – made on the 13 th of April 2026 – was striking: despite early trends that the company will repeat the results of Fiscal Year 2025 wherein net earnings registered strong growth over the previous year’s, the stock went on to fall by 2%. There are two specific factors tha...
Dilok Klaisataporn/iStock via Getty Images The market’s reaction to Goldman Sachs’ ( GS ) first quarter (Q1) earnings for FY2026 – made on the 13 th of April 2026 – was striking: despite early trends that the company will repeat the results of Fiscal Year 2025 wherein net earnings registered strong growth over the previous year’s, the stock went on to fall by 2%. There are two specific factors that could be attributed to this immediate conviction – one for the industry that the company operates in and one more generalized for the economy. Trend Drilldown In recent years, Goldman Sachs has been working on transitioning out of the consumer banking business altogether. Early in January, the company announced that it will be transitioning its Apple Card business – which represented the first consumer credit card by Goldman Sachs – to Chase over a period of 2 years. In 2025, it had entirely exited the General Motors card business as well. Meanwhile, some line items have been merging as the company streamlines its business. For example, “Equity Investments” and “Debt Investments” are now reported in aggregate as the bank transitions from direct investments on its balance sheet to a scaled third-party funds-driven business. Previously, the bank would use its own balance sheet to make massive investments (known as “Principal Investments”) into opportunities. Going forward, it would increasingly raise money from outside investors and manage the investment in exchange for “Management Fees” and “Incentive Fees”. The line item merge in this instance is a signal of commitment to the market. While the changes don’t alter the bottom line (i.e. earnings) or the top line (i.e. revenue) in past quarters, it does alter the horizon of the trend line analysis relative to more recent data. Source: Created by Sandeep G. Rao using data from Goldman Sachs' Financial Statements One potentially significant standout in trends is in the company’s steadfast commitment to compensation and benefit...