AI News from April 10, 2026

TSMC reported Q1 2026 revenue of $35.71 billion, a 35% year-on-year jump, driven by relentless demand for AI chips from hyperscalers and AI model developers.

Alibaba confirmed it secretly developed HappyHorse-1.0, an AI video model that debuted at the top of global benchmarks, surpassing rivals with audio-visual synchronization capabilities.

OpenAI sent investors a memo criticizing Anthropic for operating on a smaller compute curve, arguing its early infrastructure investments give it a decisive edge as both companies race toward IPOs.

US Treasury Secretary Scott Bessent and Fed Chair Jerome Powell held an urgent meeting with Wall Street bank CEOs to warn of cybersecurity risks posed by Anthropic's Mythos AI model.

xAI filed a lawsuit seeking to prevent Colorado from enforcing its new AI regulation law, escalating a national debate over state-level AI governance.

Florida AG James Uthmeier launched a probe into OpenAI, citing ChatGPT's alleged role in planning the FSU shooting and potential threats to minors and national security.

Google has committed to deploying multiple generations of Intel Xeon CPUs with custom IPUs across its AI data centers in an expanded multi-year partnership.

Amazon CEO Andy Jassy's shareholder letter defended massive AI infrastructure spending and disclosed that its custom chip business now exceeds $20 billion in annual revenue.

Anthropic is weighing development of proprietary AI chips as its Claude model demand surges, with annual run-rate revenue now exceeding $30 billion.

OpenAI has paused its landmark UK Stargate AI infrastructure project, dealing a blow to Britain's AI ambitions amid energy costs and regulatory concerns.

OpenAI introduced a new $100/month ChatGPT Pro tier offering 5x more usage of its Codex coding assistant, bridging the gap between $20 and $200 plans.