TSMC record profit amid sell-off & AI debt fears hit markets - Tech News (Oct 16, 2026)

Support The Automated Daily directly: 15 free episodes a day, 5 editions, 3 languages, about $4 a day to produce. A coffee keeps it going: theautomateddaily.com/support Please support this podcast by checking out our sponsors: - Invest Like the Pros with StockMVP - https://www.stock-mvp.com/?via=ron - Discover the Future of AI Audio with ElevenLabs - https://try.elevenlabs.io/tad - Consensus: AI for Research. Get a free month - https://get.consensus.app/automated_daily Today's topics: TSMC record profit amid sell-off - TSMC posted a record third-quarter net profit, up nearly 69 percent, with revenue of 46.7 billion dollars, showing strong AI chip demand despite falling semiconductor stocks. AI debt fears hit markets - A seventh straight decline in a key chip index, a CoreWeave credit-risk spike and Fed Chair Kevin Warsh's comments on uneven AI impact fed investor worries about AI debt and circular financing, while Korea's Kospi rebounded. Anthropic IPO valuation reassessed - Some Anthropic investors are reportedly eyeing a roughly 1.5 trillion dollar valuation ahead of a possible IPO, down from earlier 2 trillion dollar hopes, as revenue growth slows and AI financing costs rise. Meta Muse Spark Open on Macs - Meta released Muse Spark Open, an 816-billion-parameter open-weight multimodal model, demonstrated running locally on two M5 Ultra Mac Studios amid reports of an Apple and Meta collaboration. Apple AI approved in China - Apple is reportedly preparing to launch its Apple Intelligence AI platform in mainland China after receiving regulatory approval from Beijing. John Ternus and iPhone Duo - New Apple CEO John Ternus debuts with the foldable iPhone Duo, signaling a return to hardware roots and a privacy-focused, practical AI strategy. Tesla Roadster rocket-powered reveal - Tesla revealed its long-delayed second-generation Roadster at SpaceX's Texas facility with a rocket-assisted jump stunt, though production isn't expected until 2028. SK hynix AI memory push - SK hynix showed its MARS rack-scale memory system, High Bandwidth Flash and a second-generation 256GB CXL 3.2 module at the OCP Global Summit to meet AI data center memory demand. Google Willow magic state breakthrough - Google Quantum AI demonstrated magic state cultivation on its Willow processor, cutting errors about 40-fold and moving fault-tolerant quantum computing closer. Robotics faces training data gap - Robotics lacks an internet-scale data supply, and teleoperation, simulation and huma