Several announcements this week made it clear that the artificial intelligence revolution will not burst like the internet bubble of 25 years ago.
On Thursday, Taiwan Semiconductor, the dominant semiconductor fabrication company for AI and other advanced chips, released its June quarter results. The numbers easily beat expectations. Moreover, the company raised its revenue forecast.
In the current September quarter, TSMC projects 38% growth, including 8% sequential quarterly growth, which would be many multiples more than a typical company in the United States. Clearly, the AI industry continues to grow very rapidly.
Meta also just announced that it will build multiple data centers, which will require several gigawatts of electricity to power the AI chips located in those data centers. Meta’s Hyperion data center cluster, scheduled for late this decade, is projected to be the
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