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Nov 24
Nvidia’s AI lead looks secure for the next five years—bubble or not
Nvidia posted strong results for the third quarter of fiscal year 2026, with CEO Jensen Huang dismissing recent claims of an artificial intelligence (AI) bubble, emphasizing that the broader ecosystem is rapidly expanding. Analysts note that while the current scale of the AI market does show some bubble-like characteristics, it differs from previous boom-and-bust cycles in emerging industries. Over the medium to long term, they say, structural growth is still expected to unfold.
Apple has confirmed a restructuring of its global sales organization after eliminating dozens of roles, marking a rare round of layoffs for the company. The changes come as Apple faces heightened scrutiny over its leadership future, with reports stating that CEO Tim Cook may step down next year.
Amazon has announced an investment of up to US$50 billion to expand artificial intelligence (AI) and supercomputing capabilities for Amazon Web Services' (AWS) US government customers. Scheduled to break ground in 2026, the plan will add approximately 1.3GW of AI and supercomputing capacity across AWS Top Secret, AWS Secret, and AWS GovCloud (US) Regions through new data centers equipped with advanced compute and networking technologies.
OpenAI has introduced a new AI-powered shopping feature in ChatGPT designed to help users research and compare products ahead of the Thanksgiving holiday. The feature, called shopping research, is rolling out on mobile and web for users across Free, Go, Plus, and Pro plans, with nearly unlimited usage available through the holiday season.
OpenAI CEO Sam Altman has reportedly warned employees of a potentially difficult period for the company as competition in artificial intelligence intensifies. In a recent internal memo, Altman urged his team to remain focused and maintain a long-term vision despite setbacks, as the company strives to overcome technical issues and financial uncertainties.
Google has introduced Nano Banana Pro, a Gemini 3 Pro–based image model that improves multilingual text rendering and visual consistency while enabling more reliable infographics and brand materials. The release marks progress in text-accurate AI imagery, though the model still struggles with logical reasoning tasks.
Foxconn Industrial Internet (FII), a subsidiary of Foxconn Technology Group, has publicly rejected recent media reports asserting that it would reduce its fourth-quarter performance targets and alter its business model. The company emphasized in a statement on the evening of November 24 that these claims are unfounded and not supported by any factual basis.
TP-Link has spent years trying to downplay its Chinese roots, but Washington remains sceptical. Bloomberg reports that the company's new Vietnam campus is being built by China State Construction Engineering Corp. (CSCEC), a state-owned contractor the US Department of Defense identifies as a Chinese military-linked enterprise. Hunan provincial officials have also listed the project as a key annual investment, heightening sensitivities as the US considers blocking TP-Link products from the American market.
Tata Consultancy Services (TCS) has entered a strategic partnership with global investment firm TPG to expand its AI data center business, HyperVault, at a time when global interest in India's AI infrastructure market is accelerating.
Nvidia disclosed in its latest earnings report that it cannot guarantee completion of a planned investment in OpenAI, a statement that immediately sparked debate across the tech and financial communities. The disclosure highlights how major players in the US are spreading risk by investing across multiple AI ecosystems rather than committing to a single partner.
South Korean startup Stratio has developed a mass-producible short-wave infrared (SWIR) imaging sensor based on germanium, costing just 1% of comparable market products. By integrating AI algorithms, the company targets applications across recycling, agriculture, food safety, home appliances, and security industries, aiming to become the smartphone's "fourth camera lens."
Yann LeCun, Meta's chief AI scientist and 2019 Turing Award laureate, announced he will depart Meta by the end of 2025 to launch a startup centered on "world model" technology. LeCun stated on LinkedIn that his new company aims to build AI systems capable of understanding the physical world, with persistent memory, reasoning, and planning abilities.