AI News Archive: May 21, 2026 — Part 15
Sourced from 500+ daily AI sources, scored by relevance.
- AMD invests $10 Billion in Taiwan to build AI chips and challenge Nvidia's dominance
Advanced Micro Devices has pledged more than $10 billion in Taiwan to expand AI chip production with partners including TSMC and ASE Technology, as the chipmaker intensifies its challenge to Nvidia's dominance in artificial intelligence computing.
- AMD Announces More Than $10 Billion in Taiwan Ecosystem Investments to Accelerate AI Infrastructure
AMD Announces More Than $10 Billion in Taiwan Ecosystem Investments to Accelerate AI Infrastructure Toronto Star
- AMD Plans $10B Investment in Taiwan to Boost AI Infrastructure
AMD to invest more than $10 billion in Taiwan ecosystem, ramping HPC chips on TSMC’s 2-nm process amid AI buildout. The post AMD Plans $10B Investment in Taiwan to Boost AI Infrastructure appeared first on EE Times .
- Anthropic on track for first profitable quarter
AI lab set to hit milestone ahead of competitors OpenAI and xAI
- Anthropic to Pay SpaceX $1.25 Bn Per Month, Hits $10.9 Bn Quarterly Revenue
OpenAI is preparing to confidentially file draft IPO paperwork in the coming weeks.
- Anthropic is about to become the first profitable AI lab
Anthropic is approaching its first profitable quarter, the Wall Street Journal reports - with a projected operating profit of $559 million on $10.9 billion in Q2 revenue. Just last summer, the company didn't expect to turn a profit before 2028. The main drivers are coding tools and agentic Claude usage, which at times pushed demand beyond available compute capacity. The article Anthropic is about to become the first profitable AI lab appeared first on The Decoder .
- Anthropic Hits First-Ever Profit as Revenue Doubles to $10.9B
Anthropic hits first-ever profit with $10.9B revenue
- Anthropic On the Cusp of a Profitable Quarter; Commits $40bn to xAI for Compute Power
The era of AI-led IPOs is close and with it the companies lining up their public offerings are going to town sharing news that would likely bolster their share prices. As reports of OpenAI advancing its offerings gather momentum in the media, Anthropic has told its investors that its revenues will double to around $10.9 […] The post Anthropic On the Cusp of a Profitable Quarter; Commits $40bn to xAI for Compute Power appeared first on CXOToday.com .
- Anthropic nears first quarterly profit as sales eclipse enormous costs of developing AI
Company’s financials underscore how demand for Claude AI has jumped as software developers use the technology
- Inside Anthropic’s Push Toward Profitability—and the 1 Big Hurdle Ahead
The company reportedly expects to generate $10.9 million in revenue during the second quarter.
- CEO Dimon says JPMorgan to hire more AI staff, fewer bankers, Bloomberg News reports
CEO Dimon says JPMorgan to hire more AI staff, fewer bankers, Bloomberg News reports Reuters
- JP Morgan boss: AI means we’ll need fewer bankers
JP Morgan boss: AI means we’ll need fewer bankers The Telegraph
- Jamie Dimon says JPMorgan Chase will hire more AI specialists, fewer traditional bankers
Jamie Dimon said JPMorgan will increasingly hire AI specialists and fewer traditional bankers as artificial intelligence reshapes the financial sector. The bank is expanding investments in AI across operations, joining a wider Wall Street trend of prioritising tech talent and automation.
- ‘It will reduce jobs’ – Jamie Dimon sounds off on AI’s impact on banks
One of the world’s leading financial figures has warned AI will inevitably lead to a cut in jobs amid growing jitters around the impact the new tech will have on the banking sector. Jamie Dimon – the top boss of America’s largest bank, JP Morgan – said: “I think [AI] will reduce our jobs down [...]
- Jamie Dimon Says JPMorgan Is Revving Up for an AI Banking Pivot
Jamie Dimon Says JPMorgan Is Revving Up for an AI Banking Pivot Barron's
- Kawasaki Heavy, Nvidia plan Silicon Valley robotics center, Nikkei reports
Kawasaki Heavy, Nvidia plan Silicon Valley robotics center, Nikkei reports Reuters
- Kawasaki Heavy and Nvidia are opening a joint robotics center in Silicon Valley
The collaboration will focus on medical and mobility applications, including Kawasaki's four-legged personal mobility robot
- Workday Stock Jumps 10% After Company Reveals AI Agent Gains
Workday Stock Jumps 10% After Company Reveals AI Agent Gains The Information
- Workday Stock Rises. Why The Software Company’s Earnings Flip the AI Script.
Workday Stock Rises. Why The Software Company’s Earnings Flip the AI Script. Barron's
- Tesla rolls out supervised Full Self-Driving in China in wider global push
Tesla announced that its Full Self-Driving system, FSD Supervised, has launched across multiple countries and regions worldwide, with China included in the rollout. The release covers more than a dozen markets across North America, Asia-Pacific, and Europe. The launch marks another step in Tesla’s push to expand its advanced driver-assistance technology beyond the US, even […]
- Tesla ramps up China hiring for self-driving rollout
Recruitment notices list jobs such as Autopilot test engineers and data labelers across several Chinese cities.
- Tesla says its Full Self-Driving package is now available in China
Tesla has brought its Full Self-Driving suite of driver assistance features to China.
- Nvidia concedes China AI chip market to Huawei
Demand in China remains high, but Nvidia expects no near-term approvals to resume advanced chip sales.
- CNBC Daily Open: Nvidia posts strong quarter, as AI leaders race to IPO
Stocks rally back with the Dow jumping more than 600 points as rate and oil fears ease.
- NVIDIA Hits Record Quarter With $81.6 Bn Revenue as Blackwell Fuels AI Spending
The chipmaker forecasts another strong quarter as Blackwell demand and AI infrastructure spending continue to rise.
- Nvidia's profit increases 211% as AI boom powers chipmaker's growth
Nvidia highlighted diversification beyond hyperscalers as it posted soaring profits amid rising AI chip competition
- Nvidia Q1 result beats Wall Street estimates on massive AI chip demand
Artificial intelligence chipmaker Nvidia's quarterly results surpassed Wall Street's expectations once again, fuelled by massive demand for its high-end AI chips. The company said Wednesday it earned USD 58.32 billion, or USD 2.39 per share, in the February-April period, up from USD 18.78 billion, or 76 cents per share, in the same period a year earlier. Excluding one-time items, Nvidia earned USD 1.76 per share. Revenue jumped 85 per cent to USD 81.62 billion from USD 44.01 billion. Analysts, on average, were expecting earnings of USD 1.75 per share and revenue of USD 78.91 billion, according to a poll by FactSet. Nvidia's results have exceeded the analyst projections that shape investors' perceptions since Nvidia's high-end chips emerged as AI's best building blocks three years ago. "The buildout of AI factories - the largest infrastructure expansion in human history - is accelerating at extraordinary speed," said CEO Jensen Huang in a statement. For the current quarter, Nvidia
- NVIDIA’s record Q1 shows how AI infrastructure demand is reshaping growth
NVIDIA has reported record revenue of USD 81.6 billion for the first quarter of fiscal 2027, ended April 26, 2026. Revenue grew 85% year-on-year and 20% sequentially. Data Center revenue alone reached USD 75.2 billion, up 92% from a year ago. The numbers underline how NVIDIA is positioning itself not simply as a chip supplier, but as the foundational layer powering what it calls AI factories - large-scale environments designed to produce, train, deploy, and run artificial intelligence (AI) systems continuously. “The buildout of AI factories, the largest infrastructure expansion in human history, is accelerating at extraordinary speed,” said Jensen Huang, founder and CEO, NVIDIA. The company’s latest quarter reflects how quickly AI infrastructure demand is scaling across cloud providers, sovereign AI initiatives, industrial AI deployments, and enterprise data centres. Importantly, NVIDIA is also restructuring how it presents its business around two major market platforms: Data Center an
- Nvidia posts record $81.6bn Q1 amid AI infrastructure boom
Nvidia smashed revenue records in its first quarter of fiscal 2027, with sales up 85pc year-on-year to $81.6bn. Read more: Nvidia posts record $81.6bn Q1 amid AI infrastructure boom
- Nvidia hits record revenue as AI chip demand stays strong
Nvidia also approved an additional US$80 billion share buyback plan on May 18, 2026.
- Nvidia posts record $81.6 billion quarterly revenue on AI spending boom
Nvidia posts record $81.6 billion quarterly revenue on AI spending boom
- Nvidia Just Crushed Earnings Again—and 1 Revenue Segment Proves the AI Boom Is Only Getting Started
Nvidia reported its 12th record-breaking quarter in a row.
- NVIDIA reports huge Q1 earnings due to AI boom despite struggles in China
NVIDIA reported $81.6 billion in revenue in its Q1 2027 earnings call, benefitting from the AI boom despite losing its Chinese market share.
- Nvidia no longer reports gaming GPU sales as a separate segment — posts eye-watering $81.6 billion Q1 profit thanks to AI boom
Nvidia to split its revenue streams based on deployment markets rather than product segments going forward.
- Nvidia Q1 FY27 net income surges 211% to $58.3bn
Nvidia Q1 FY27 net income surges 211% to $58.3bn verdict.co.uk
- Nvidia reports record quarterly revenue as AI chip demand accelerates
The company returned about $20 billion during the quarter through stock repurchases and dividends. Its board approved an additional $80 billion in share repurchases.
- Gov. Gavin Newsom to Sign Executive Order Aimed at A.I. Job Loss
Gov. Gavin Newsom issued an executive order to explore an overhaul of labor policies to deal with potential mass job displacement from artificial intelligence.
- Californias Gavin Newsom tries to save workers from AI with executive order
California's governor wants an AI jobs loss plan for workers.
- Newsom signs order directing state to study AI's impact on California workers
Agencies have 180 days to recommend policy responses as investment in AI surges and some firms cut jobs to redirect spending toward automation.
- California Gov. Newsom signs executive order to prepare workforce for AI disruption
California state agencies are required to study potential labor market shifts tied to AI adoption, such as including layoffs, hiring changes and skills gaps.
- ‘Fast entry’ SpaceX, OpenAI and Anthropic IPOs to ignite Wall St trading frenzy
Passive investors set to dump billions of shares to make way for new stocks
- SpaceX, Anthropic and OpenAI’s Sprint to Go Public Defines the AI Boom’s Big Day
Silicon Valley’s hottest startups are competing fiercely as big tech companies contend with fickle investors and hard choices.
- On the Same Day Google Declared the Agentic Era, Meta Fired 8,000 People to Pay for It
Yes, Google I/O launched autonomous agents. No, Meta’s 8,000 job cuts aren’t about efficiency. Here’s the capital allocation mechanism… Continue reading on Towards AI »
- Meta cuts 10% of workforce to accelerate AI investment
Meta cuts 10% of workforce to accelerate AI investment Gulf News
- Meta lays off 8,000 employees as AI casualties mount across tech universe
Meta lays off 8,000 employees as AI casualties mount across tech universe
- Meta cuts 8,000 jobs as Mark Zuckerberg bets the company’s future on AI
Meta cuts 8,000 jobs as Mark Zuckerberg bets the company’s future on AI San Francisco Chronicle
- Meta Cut 8,000 Jobs and Told Employees That AI Agents Will ‘Primarily Do the Work’ Now
Meta Cut 8,000 Jobs and Told Employees That AI Agents Will ‘Primarily Do the Work’ Now entrepreneur.com
- Meta cuts 10% of workers — 8,000 jobs — as AI grows
Meta cuts 10% of workers — 8,000 jobs — as AI grows The Mercury News
- Meta cuts 10% of workers — 8,000 jobs — as AI grows
Meta cuts 10% of workers — 8,000 jobs — as AI grows East Bay Times
- We need a new AI vocabulary
CEOs’ vocabulary about the technology is at turns rosy and robotic, maddeningly passive, and tin-eared.