The world of artificial intelligence is rapidly evolving, with significant advancements in quantum computing, AI chip production, and the development of new AI-powered solutions. In this news brief, we'll explore the latest developments in AI, from BMO's plans to harness quantum computing to TSMC's $100 billion investment in US factories.
BMO to Harness Quantum Computing by Year's End
BMO Financial Group, one of the largest banks in North America, is set to reap the benefits of quantum computing by the end of the year. According to Milchanowski, BMO's chief AI and data officer, the bank will use its advanced quantum infrastructure to develop and deploy quantum-powered solutions across its operations. This includes new approaches to optimize investment portfolio strategies and reveal deep insights into risk management.
Apple's Staggered AI Rollout: How Much Does it Matter to the Stock?
Shares of Apple dipped Monday after a report that the company's "true modernized" version of Siri, a key part of its AI strategy, may not reach customers before 2027. However, the impact of this rollout on Apple's stock remains to be seen.
Blackstone's Schwarzman Says AI Tech Power Will Be Remarkable
Blackstone's Schwarzman believes that AI tech power will be remarkable, and the company is happy to plow more money into its investments related to the growth of artificial intelligence. This includes a recent investment in Australia, where Blackstone made its biggest-ever investment in the Asia-Pacific in September.
TSMC Unveils $100 Billion New US Investment to Make 'Most Powerful AI Chips'
Taiwan Semiconductor Manufacturing Co., the world's top producer of AI chips, plans to invest an additional $100 billion in US plants that will boost its chip output on American soil and support President Donald Trump's goal of increasing domestic manufacturing. This investment will make the US less reliant on semiconductors made in Asia and is a significant step towards making the US dominant in AI.
KraneShares AI ETF AGIX Buys Anthropic Shares
KraneShares AI ETF AGIX has become one of the first US-listed exchange-traded funds to directly invest in a private company, acquiring shares in Anthropic. This historic transaction places AGIX at the forefront of ETF innovation, delivering investors unparalleled access to high-growth private AI opportunities.
Trump and Taiwanese AI Chipmaker Announce New $100 Billion Plan to Build New US Factories
TSMC, the world's largest contract chipmaker, has announced a new $100 billion plan to build new US factories, which will boost domestic production and make the US less reliant on semiconductors made in Asia. This investment is a significant step towards making the US dominant in AI.
Investigation Launched into Trump Admin Use of Artificial Intelligence on Workers
A watchdog organization, Democracy Forward, has launched a public records probe to determine the extent to which the Trump administration and Elon Musk are using artificial intelligence to purge the federal workforce. This investigation aims to determine the extent to which AI is being used to reshape the federal workforce and whether it is being used in a transparent and efficient manner.
SandboxAQ Joins UN AI Hub to Enhance AI Security Solutions
SandboxAQ has officially become a founding member of the newly launched AI Hub of the United Nations International Computing Centre (UNICC), aiming to become the leading AI solutions provider for UN entities and global organisations. The UNICC will utilise SandboxAQ's AQtive Guard encryption management platform to offer AI-driven cryptographic discovery services.
Nvidia-Backed CoreWeave Files for IPO, Revealing Growing Revenue
CoreWeave, a cloud-computing provider that's one of the hottest startups in artificial intelligence, filed for an initial public offering disclosing rapidly growing revenue. The Nvidia-backed company had revenue of $1.9 billion in 2024, resulting in a net loss of $863 million, versus revenue of $229 million and a net loss of $594 million in the previous year.
Key Takeaways
- BMO plans to harness quantum computing by the end of the year to develop and deploy quantum-powered solutions across its operations.
- TSMC's $100 billion investment in US factories will boost domestic production and make the US less reliant on semiconductors made in Asia.
- KraneShares AI ETF AGIX has become one of the first US-listed exchange-traded funds to directly invest in a private company, acquiring shares in Anthropic.
- The Trump administration's use of artificial intelligence to purge the federal workforce is under investigation.
- SandboxAQ has joined the UN AI Hub to enhance AI security solutions.
- CoreWeave, a cloud-computing provider backed by Nvidia, has filed for an IPO and revealed growing revenue.
Sources
- BMO Chief AI and Data Officer: Bank to Harness Quantum Computing by Year’s End
- How much does Apple's staggered AI rollout really matter to the stock?
- Blackstone’s Schwarzman Says AI Tech Power Will Be Remarkable
- TSMC unveils new $100 billion US investment to make ‘most powerful AI chips’
- KraneShares AI ETF AGIX Buys Anthropic Shares
- Trump and Taiwanese AI chipmaker announce new $100 billion plan to build new US factories
- Investigation launched into Trump admin use of artificial intelligence on workers
- SandboxAQ joins UN AI Hub to enhance AI security solutions
- Nvidia-Backed CoreWeave Files For IPO, Revealing Growing Revenue