Consumer Tech News (June 1

Former Vice President Mike Pence said artificial intelligence (AI) policy should balance limited government oversight with strong free-market competition to ensure U.S. leadership in emerging technology.

Quarterly revenue came in at $372.54 million, which beat the Street estimate of $355.95 million.

Smartphones, Semiconductors & IT Services

The CEO of Taiwan Semiconductor, C.C. Wei, issued a warning over manufacturing capacity constraints and signaled openness to future price hikes

Warren (D-Mass.) warned that rapid advances in artificial intelligence could reshape or eliminate a large share of jobs, arguing that policymakers must act now rather than wait for widespread layoffs to hit workers.

Warren (D-Mass.) reaffirmed her calls for a tax on AI to fund public education and healthcare amid Silicon Valley's artificial intelligence push.

OpenAI CEO Sam Altman defended his company’s political engagement as scrutiny intensifies over how much influence artificial intelligence firms wield in Washington through lobbying and campaign spending.

Chinese AI startup DeepSeek is reportedly preparing to raise about $7.4 billion in its first external funding round, a move that could value the company at as much as $59 billion.

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