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.

Foxconn reported a 29.7% year-on-year revenue rise in Q1 2026, fuelled by strong demand for AI racks, while cautioning on geopolitical uncertainty.

New data shows OpenAI's annualized revenue has reached approximately $25 billion while Anthropic's stands at $19 billion, as both AI giants prepare for potential IPOs with starkly different financial profiles.

OpenAI's nascent advertising business crossed $100 million in annualized revenue less than two months after launching its US pilot, with plans to expand globally to Australia, New Zealand, and Canada.