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AI Boom Drives Record Revenues and Funding Across Tech Sector

  • Artificial intelligence (AI) is driving record revenues and funding across the tech sector.
  • Taiwan Semiconductor Manufacturing Co. (TSMC) reported a 54% increase in quarterly profits, fueled by strong demand for AI chips.
  • AI security firm AITX saw a massive 348% surge in revenue, reflecting the growing demand for automated security solutions.
  • Relyance AI, a startup focused on AI governance, secured $32.1 million in funding to help enterprises navigate AI implementation and data protection.

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