TSMC says AI chip shortages will persist for years

Demand for artificial intelligence chips continues to outpace global manufacturing capacity, according to TSMC Chief Executive C.C. Wei, who told shareholders that the company does not expect supply to meet demand for several more years. Speaking at the company’s annual shareholder meeting in Hsinchu, Taiwan, Wei said the rapid expansion......

AI coding tools reshape software engineering as competition intensifies

The software engineering profession is undergoing one of its most significant transformations in decades as artificial intelligence coding tools become deeply embedded in development workflows. Major technology companies are rapidly deploying AI systems capable of planning, writing, and testing software, shifting the role of engineers away......

Meta targets premium AI market with $200 monthly Hatch plan

Meta is preparing an ambitious push into the consumer artificial intelligence market with Hatch, a new autonomous AI agent that could cost users as much as $199.99 per month. The proposed pricing would place the service among the most expensive consumer AI subscriptions available and position it in direct competition with premium offerings......

AI IPO wave could trigger short term market pullback

The expected wave of massive artificial intelligence initial public offerings this year could create short term pressure on global equity markets as investors reallocate capital to absorb some of the largest listings in recent history. Standard Chartered warned that the process may not be seamless, even though the bank views any resulting......

Bitcoin falls to four-month low amid liquidation surge market

Bitcoin dropped to its lowest level in four months on Tuesday as selling pressure intensified across global crypto markets. The asset fell as much as 7 percent, briefly touching 65,707 dollars, marking its weakest point since early April. The decline unfolded during Asian and European trading sessions on 3 June and accelerated as risk sentiment......

Greek Shipping Magnate proposes Iranian transit fee for Hormuz

Evangelos Marinakis told shipping executives that paying Iran a transit fee of 100,000 to 200,000 dollars per vessel would be preferable to a prolonged closure of the Strait of Hormuz. He delivered the remarks at an industry forum in Athens held during a major maritime gathering. He argued that a predictable fee system would reduce disruption......

Alibaba shares surge after launch of Qwen3.7-Plus AI model

Alibaba launched Qwen3.7-Plus on Tuesday, introducing a multimodal large language model designed to unify visual and language capabilities into a single interactive system. The model is available through an API on Alibaba Cloud’s Model Studio platform and supports integration with OpenAI and Anthropic compatible endpoints. The system......

Tech stocks steady as AI optimism offsets futures dip

US stock futures moved lower after recent record highs in major indices, but technology shares held firm as investor appetite for artificial intelligence continued to support market sentiment. The S&P 500 and Nasdaq 100 had closed at fresh peaks in the previous session, reflecting sustained momentum in equity markets driven by large-cap......

US to slash visa processing embassies across Africa to 20

The United States plans to sharply reduce the number of embassies and consulates across Africa authorized to process visas, cutting operations from nearly 50 locations to 20. The decision follows an internal directive approved by senior leadership at the State Department and is expected to be implemented in the coming weeks. Officials familiar......

Perplexity unveils hybrid AI system splitting tasks between PCs and cloud

Perplexity has introduced a hybrid inference system that distributes artificial intelligence workloads between personal computers and cloud servers. The company presented the technology at Computex 2026 in Taipei, describing it as an agentic orchestration layer that decides in real time where each AI task should run. The system evaluates......

Russia claims gold production reaching 500 tonnes, surpassing China

Russia plans to produce between 480 and 500 tonnes of gold in 2026, according to official projections from the country’s natural resources authorities. Estimates for 2025 place output at 480 to 485 tonnes. If confirmed, these figures would position Russia as the world’s largest gold producer, ahead of China. The projections mark......

Nadella compares AI data center water use to restaurants

Satya Nadella addressed growing scrutiny over the environmental impact of artificial intelligence infrastructure during a keynote at a major developer conference in San Francisco. He positioned the rapid expansion of cloud and AI data centers as essential for technological progress while arguing that new designs are reducing pressure on local......

Anthropic expands Claude partner network with services track and hub

Anthropic has launched a new Services Track and Partner Hub as part of the expansion of its enterprise partner ecosystem around Anthropic and its AI model Claude. The move formalizes a consulting and deployment layer designed to support large organizations integrating the technology at scale. The Services Track introduces a structured tier......

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