xAI Reports $1.46 Billion Quarterly Loss Amid Investments
Elon Musk's artificial intelligence startup xAI reported a net loss of approximately $1.46 billion for the quarter ending September 30, 2025, an increase from a $1 billion loss in the previous quarter, as it invested heavily in data centers and talent acquisition. The company spent $7.8 billion in cash during the first nine months of the year, while revenue for the same period rose to $107 million, more than double from a year earlier. xAI has raised $20 billion in equity, bringing its valuation to $230 billion, and is focused on developing AI systems to support humanoid robots like Tesla's Optimus.
TSMC Reports NT$1.05 Trillion Revenue for December Quarter
Taiwan Semiconductor Manufacturing Co. (TSMC) reported a revenue of NT$1.05 trillion ($33.1 billion) for the December quarter, surpassing estimates of NT$1.02 trillion and reflecting a 20% increase year-on-year. This performance bolsters optimism for sustained global AI spending in 2026, despite ongoing concerns about a potential industry bubble.
Nvidia mandates upfront payment for H200 AI chips
Nvidia has implemented a policy requiring Chinese customers to pay the full price upfront for its H200 AI chips, a shift from previous practices that allowed deposits. This change comes amid uncertainty over China's approval of these chips, with reports indicating that Chinese firms have placed orders for 2 million units, exceeding Nvidia's inventory of 700,000. The Xi Jinping administration has instructed companies to pause orders while it decides on the balance of domestic versus imported chips, as demand for Nvidia's products remains high despite the regulatory landscape.
OpenAI's ChatGPT Faces 22% User Traffic Decline
OpenAI CEO Sam Altman has declared a 'Code Red' as ChatGPT faces a significant decline in user traffic, with a 22% drop in average weekly visitors from nearly 203 million to 158 million over six weeks. This decline has resulted in a market share reduction from 87.2% to 68%, while Google's Gemini 3 model has gained traction, achieving a 21.5% market share and experiencing 28% month-over-month growth in December 2025. Analysts attribute Gemini's success to its integration with Google's ecosystem and superior performance in various AI tasks.
Microsoft partners with Wayve to advance robotaxi trials
Microsoft has strengthened its partnership with British autonomous driving startup Wayve to advance the commercial use of self-driving cars in London, utilizing Microsoft Azure for AI training and operations. Founded in 2017, Wayve employs a unique approach that leverages deep learning and camera perception, allowing its AI to navigate complex urban environments. The collaboration aims to launch Wayve's first robotaxi trials in partnership with Uber in 2026, marking a significant step towards commercial autonomy.
