TSMC forecasts record growth, rejects US joint venture amid AI surge

Taiwan Semiconductor Manufacturing Company (TSMC) has raised its revenue forecast for 2024, citing strong demand for chips in AI applications. The world's largest contract chipmaker anticipates growth slightly above the mid-20% range in US dollar terms, up from its previous estimate. This adjustment comes as TSMC reports better-than-expected profits for the second quarter of 2024.

During its earnings call, TSMC, according to Reuters, also addressed speculation about potential...

19 July 2024 | Artificial Intelligence

Global semiconductor shortage: How the US plans to close the talent gap

The semiconductor industry, which is a cornerstone of modern technology and economic prosperity, has been dealing with a serious labour shortage for some time. The skills shortage appears to be worsening, with more than one million additional skilled workers required by 2030 to meet demand in the semiconductor industry, according to Deloitte. This pervasive issue extends beyond the US, affecting key players worldwide and threatening to impede the sector's growth and...

2 July 2024 | Enterprise

SAS aims to make AI accessible regardless of skill set with packaged AI models

SAS, a specialist in data and AI solutions, has unveiled what it describes as a “game-changing approach” for organisations to tackle business challenges head-on.

Introducing lightweight, industry-specific AI models for individual licence, SAS hopes to equip organisations with readily deployable AI technology to productionise real-world use cases with unparalleled efficiency.

Chandana Gopal, research director, Future of Intelligence, IDC, said: “SAS is evolving its...

17 April 2024 | Applications

Wipro and IBM collaborate to propel enterprise AI

In a bid to accelerate the adoption of AI in the enterprise sector, Wipro has unveiled its latest offering that leverages the capabilities of IBM’s watsonx AI and data platform.

The extended partnership between Wipro and IBM combines the former’s extensive industry expertise with IBM's leading AI innovations. The collaboration seeks to develop joint solutions that facilitate the implementation of robust, reliable, and enterprise-ready AI solutions.

The Wipro...

20 February 2024 | Applications

Microsoft and Siemens revolutionise industry with AI-powered Copilot

Microsoft and Siemens are joining forces to usher in a new era of human-machine collaboration.

The result of the collaboration is the Siemens Industrial Copilot, a powerful AI assistant designed to enhance collaboration between humans and machines in the manufacturing sector. The tool enables rapid generation, optimisation, and debugging of complex automation code, significantly reducing simulation times from weeks to minutes.

At the core of this collaboration is the...

31 October 2023 | Applications

Basil Faruqui, BMC: Why DataOps needs orchestration to make it work

Data has long been the currency on which the enterprise operates – and it goes right to the very top. Analysts and thought leaders almost universally urge the importance of the CEO being actively involved in data initiatives. But what gets buried in the small print is the acknowledgement that many data projects never make it to production. In 2016, Gartner assessed it at only 15%.

The operationalisation of data projects has been a key factor in helping organisations turn a data...

29 August 2023 | Artificial Intelligence

MicroAI showcasing host of AI security products at CES Las Vegas

Conference Audience

MicroAI, a Texas-based edge AI product developer, is demonstrating its Launchpad quick-start deployment tool along with its new security software at this year’s CES exhibition.

The world’s largest tech exhibition, CES is taking place at the Las Vegas Convention Centre (LVCC) from 5-7 January this year.

MicroAI has partnered with communications solutions provider iBASIS to showcase Launchpad’s management capabilities at booth 12318.

Using connectivity...

6 January 2022 | Enterprise

MIT researchers develop AI to calculate material stress using images

Researchers from MIT have developed an AI tool for determining the stress a material is under through analysing images.

The pesky laws of physics have been used by engineers for centuries to work out – using complex equations – the stresses the materials they’re working with are being put under. It’s a time-consuming but vital task to prevent structural failures which could be costly at best or cause loss of life at worst.

“Many generations of mathematicians...

22 April 2021 | Deep & Reinforcement Learning

Fujitsu develops AI to detect product abnormalities during manufacturing

Fujitsu has developed an AI which can highlight abnormalities in the appearance of products to help detect issues earlier.

Catching problems during production enables intervention before materials are wasted—incurring direct and environmental costs. It also saves on the reputational damage and costs associated with returns/recalls after a defective product is shipped to customers.

The solution uses an AI model trained on images of products with abnormalities. These...

29 March 2021 | Manufacturing

Bosch partners with Fetch.ai to ‘transform’ digital ecosystems using DLTs

Bosch has partnered with Cambridge-based AI blockchain startup Fetch.ai with the aim of transforming existing digital ecosystems using distributed ledger technologies (DLTs).

The global engineering giant will test key features of Fetch.ai’s testnet until the end of this month and will deploy a node on the network. The strategic engineering project between Fetch.ai and Bosch is called the Economy of Things (EoT).

Dr Alexander Poddey, the leading researcher for digital...

18 February 2021 | Manufacturing