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TSMC's AI Chip Bonanza: Reports of AI's Demise Greatly Exaggerated 🤖💰

Taiwan Semiconductor Manufacturing Company (TSMC) just proved that AI is far from dead. The world's largest semiconductor manufacturer posted knockout earnings, driven by an insatiable appetite for AI chips.

Here's the scoop:

• Q3 revenues surged 36% to $23.5B, with profits skyrocketing 54% to $10.1B

• AI-related chips are expected to triple their contribution to revenue, hitting 15% in Q4

• TSMC's stock jumped 11%, lifting the entire semiconductor sector

But wait, there's more! TSMC Chair CC Wei believes this AI demand is "just the beginning and will continue for many years." The company's positioning as a critical partner for AI and cloud computing advancements has analysts buzzing.

Wedbush analysts claim there's "no end in sight to AI-derived strength," while Quilter Cheviot's Ben Barringer says TSMC "continues to go from strength to strength."

What's next? TSMC is gearing up for massive capital expenditures, expecting to spend over $30B in 2025 on US chip plants. Unlike competitor Intel, TSMC has reportedly achieved the same level of efficiency at its US plants as it sees in Taiwan. Looks like the AI chip party is just getting started! 🎉

Supersized Snacks: Big Food Brands Go Big or Go Home 🍟📏

In a plot twist that would make George Costanza proud, big food brands are now... making things bigger? That's right, folks. After years of sneaky "shrinkflation," companies like PepsiCo and Nestlé are reversing course.

Here's why:

• Consumers are fed up with tricks like PepsiCo shrinking Lipton Tea bottles from 1.5L to 1.25L while hiking prices 40%

• Shoppers have been fleeing to generic alternatives, hitting big brands where it hurts

• Now, these food giants are offering 20% more chips, discount vouchers, and supersized value packs

But it's not all about size. Big food is also pivoting to defend against cheaper alternatives:

• Mars' whopping $36B acquisition of Kellanova shows snacking is still king

• Pet food and healthier meals are emerging as key markets where consumers are willing to splurge

• Innovation is crucial as tastes evolve, or these food goliaths risk becoming staler than last week's Pringles

Will this supersized strategy satisfy hungry consumers? Only time (and waistlines) will tell! 🍔🔍

Netflix and Thrill: Streaming Giant Hits Record High 📺🚀

Netflix just dropped a binge-worthy earnings report, and Wall Street is hitting "play next episode" faster than you can say "Are you still watching?"

Here's the highlight reel:

• Earnings per share: $5.40 (better than expected)

• Revenue: $9.82 billion (also better than expected)

• New subscribers: 5.07 million (smashing expectations)

What's driving this growth? A 35% increase in advertising tier membership and a crackdown on password sharing. Netflix has been expanding its content offerings to keep viewers glued to their screens.

The stock is already up 46% this year, and after-hours trading saw another 5.03% bump. Talk about a cliff-hanger for investors!

But here's a plot twist: Netflix plans to stop reporting subscriber data next year. Is this the end of an era or the beginning of a new season? Stay tuned! 🍿

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In Other News:

🤝 Microsoft and OpenAI's bromance shows signs of strain

• Financial pressure and stability concerns are causing tension

• Microsoft is hedging its bets by building its own AI technologies

• OpenAI is trying to renegotiate its deal for more computing power

👁️ Sam Altman's Worldcoin rebrands as 'World,' unveils new iris-scanning Orb

• The project may be expanding beyond its original cryptocurrency mission

• New Orb is easier to mass-produce and operates three times faster

• Introducing "Deep Face" to combat online deepfakes and impersonation

☁️ 37signals saves millions by ditching the cloud

• Reduced cloud bill from $3.2 million to $1.3 million annually

• Pulled seven cloud apps out of AWS into their own hardware

• Expects to save another $4 million over five years after fully leaving AWS

🏢 Amazon AWS CEO to remote workers: Come back to office or quit

• New policy requires 5 days per week in-office starting January

• CEO claims 9 out of 10 workers support the policy (but do they really?)

• Employees argue the policy wastes time and lacks data-backed benefits

🍔 Meta fires staff for abusing meal vouchers (Talk about a costly lunch!)

• About 24 staff fired at Los Angeles offices

• Some workers sent food home when not in the office

• Occasional rule-breakers were reprimanded but kept their jobs

📚 Amazon announces first color Kindle, priced at $279

• New Kindle Colorsoft boasts weeks of battery life

• Display designed for vibrant colors even when zooming in

• Also announced: updated Kindle Scribe ($399) and Paperwhite ($159)

☢️ Amazon goes nuclear, investing $500 million in small modular reactors

• Partnering with Dominion Energy to develop reactor near existing plant

• Google and Microsoft have announced similar plans

• Aims to fuel growing data center demands and reach net-zero emissions

🏨 Uber eyes potential acquisition of Expedia (Travel plans, anyone?)

• Uber's interest is at a very early stage

• Uber's CEO was Expedia's CEO from 2005 to 2017 and remains on the board

• Expedia has declined to comment on the potential deal

💳 Stripe in talks to acquire Bridge for $1 billion

• Bridge is a platform with an API for accepting stablecoins

• Could expand Stripe's capabilities in the crypto payment space

• Aligns with growing interest in digital currency transactions

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That's all for today Nuts! Remember, in the world of tech and business, the only constant is change – and maybe the occasional oversized bag of chips. Stay curious, stay informed, and we'll see you tomorrow! ☕️🌟