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A Waymo autonomous self-driving Jaguar taxi drives along a street on March 14, 2024 in Los Angeles, California. 

Mario Tama | Getty Images

Waymo is setting its sights on its next location: the Sunshine State.

The Alphabet-owned company announced Thursday that it will be hitting the roads in Miami. Waymo said it will first begin cruising through the Florida city with human safety drivers in 2025 before opening doors to riders for its robotaxi service through its Waymo One app in 2026.

The expansion into Miami is indicative of Waymo’s growing confidence in operating its self-driving vehicles in harsher weather conditions in large metropolitan areas in the U.S.

Waymo first tested in Miami in 2019, which the company said helped improve the ability of its self-driving vehicles to navigate in wet and rainy conditions.

“We deepened our learning and understanding of the Waymo Driver’s performance in adverse weather conditions,” a company spokesperson said.

Waymo will use what it learned when it returns to the city with its all-electric Jaguar I-PACEs next year.

The company said its initial territory in Florida will include some parts of Miami’s larger metropolitan area, which has a population of more than 6 million people.

Waymo has been rapidly expanding its operations over the last year thanks to additional funding.

In November, the company announced it was removing its waitlist of about 300,000 people in Los Angeles, so anyone would be able to use Waymo One to hail a self-driving robotaxi throughout the nearly 80 square miles of Los Angeles County. The company’s ride-hailing service also operates citywide in Phoenix and San Francisco.

And in September, Waymo announced a partnership with Uber in Austin and Atlanta. Through that deal, Uber riders will be able to access Waymo’s robotaxis through the Uber app starting in early 2025, and Uber will be responsible for fleet management and operations of the Waymo vehicles, including maintenance and infrastructure, such as vehicle charging, cleaning and repairs. 

Additionally, Waymo on Thursday announced that it will partner with mobility company Moove to manage its fleet operations, facilities and charging infrastructure in both Miami and Phoenix. Moove will begin managing Waymo’s Phoenix fleet in early 2025, a Waymo spokesperson said. 

Waymo closed a $5.6 billion funding round in October to expand its robotaxi service across the U.S. The autonomous vehicle venture’s parent company, Alphabet, which also owns Google, led the funding round alongside earlier backers, including Andreessen Horowitz, Fidelity, Perry Creek, Silver Lake, Tiger Global and T. Rowe Price.

The robotaxi company said it now sees more than 150,000 paid rides per week via the Waymo One app across San Francisco, Phoenix and Los Angeles. 

Waymo is the only autonomous vehicle developer that currently operates a commercial robotaxi service in several major metro areas across the U.S., but competitors are looming. 

GM-owned Cruise is working on bringing its autonomous vehicles back into use on public roads after discontinuing its services following an accident where one of its self-driving cars injured a pedestrian in San Francisco. 

Tesla, meanwhile, showed off design concepts for a self-driving Cybercab and Robovan at an event in October. However, Tesla still classifies the Autopilot and Full Self-Driving software in its vehicles as “partially automated driving systems,” which require a human to be ready to steer or brake at all times. In an October earnings call, Tesla CEO Elon Musk said the company will launch a self-driving ride-hailing service in California and Texas as early as 2025.

SoftBank-funded Wayve is testing its autonomous vehicles in San Francisco, and Amazon-owned Zoox is also testing its self-driving cars, which do not feature steering wheels, in several U.S. cities.

WATCH: Waymo could benefit big from eased self-driving rules

Waymo could benefit big from eased self-driving rules

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TSMC hits yet another record as profit surges 39%, beating estimates on AI chip demand surge

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TSMC hits yet another record as profit surges 39%, beating estimates on AI chip demand surge

The TSMC logo is displayed on a building in Hsinchu, Taiwan April 15, 2025.

Ann Wang | Reuters

Taiwan Semiconductor Manufacturing Company on Thursday reported a 39.1% increase in third-quarter profit from last year, hitting a fresh record as demand for artificial intelligence chips stayed strong.

Here are the company’s results versus LSEG SmartEstimates:

  • Revenue: NT$989.92 billion new Taiwan dollars, vs. NT$977.46 billion expected
  • Net income: NT$452.3 billion, vs. NT$417.69 billion 

TSMC’s revenue in the September quarter rose 30.3% from a year ago to NT$989.92 billion, beating estimates.

TSMC’s high-performance computing division, which encompasses artificial intelligence and 5G applications, drove third-quarter sales.

As Asia’s largest technology company by market capitalization, TSMC has benefited from the artificial-intelligence megatrend as it manufactures advanced AI processors for clients, including Nvidia and Apple.

TSMC said advanced chips, with sizes 7-nanometer or smaller, accounted for 74% of TSMC’s total wafer revenue in the quarter. 

In semiconductor technology, smaller nanometer sizes signify more compact transistor designs, which lead to greater processing power and efficiency. 

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FCC moves to expel one of Hong Kong’s largest telco companies from U.S. networks

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FCC moves to expel one of Hong Kong’s largest telco companies from U.S. networks

People walk past a PCCW sign in Hong Kong.

Mike Clarke | AFP | Getty Images

Regulators in the U.S. have moved to block one of Hong Kong’s largest telecommunications companies from accessing domestic networks, citing national security concerns.

The U.S. Federal Communications Commission announced on Wednesday that it had initiated proceedings to potentially bar HKT Trust and HKT Ltd and its subsidiaries from interconnecting with American networks, escalating concerns over its ties to China. 

The government agency asked HKT, which is a subsidiary of information and communication technology giant PCCW, to justify why its authorizations should not be revoked.  HKT’s current hold permits allowing direct exchange of calls and data with U.S. carriers.

China Unicom, which owns about 18.4% of PCCW, lost its own U.S. network access in 2022 due to similar concerns.

“The FCC’s action on HKT today is an appropriate step towards ensuring the safety and integrity of our communications networks,” FCC Chairman Brendan Carr said in a statement. 

“The FCC will continue to safeguard America’s networks against penetration from foreign adversaries, like China.

The Hong Kong-listed shares of HKT fell more than 5%, while PCCW fell 3.6% in Thursday trading.

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Share price of HKT and PCCW

According to their 2024 annual reports, HKT and PCCW derived about 13% of their 2024 revenues from regions outside greater China and Singapore, though specific countries weren’t detailed. HKT made up about 90% of the group’s total revenue.

Neither PCCW nor HKT immediately responded to CNBC’s requests for comment.

Under the leadership of Carr, the FCC has expanded efforts to expel Chinese state-linked entities, including China Telecom, Pacific Networks and ComNet, from U.S. markets.

On Friday, the FCC announced that the major U.S. online retail websites had removed millions of listings for banned Chinese electronics as part of its broader China crackdown.

Caught in U.S.-China trade tensions

PCCW is majority-owned by Hong Kong tycoon Richard Li, son of billionaire Li Ka-shing, who has increasingly found his businesses caught in the crossfire of the U.S.-China trade tensions.

FWD Group, owned by Li’s Pacific Century Group, recently faced hurdles expanding into mainland China amid backlash from regulators in China, Bloomberg reported in July.

In March, Beijing reportedly instructed state-owned firms to pause new deals with businesses linked to Li Ka-shing and his family after their conglomerate CK Hutchison agreed to transfer stakes in over 40 global ports — including two in Panama — to a BlackRock-led consortium. 

The ports deal stalled after Beijing objected to the exclusion of Chinese investors, with CK Hutchison indicating it no longer plans to comeplete the transaction in 2025.

The FCC’s latest move against HKT also comes as U.S. President Donald Trump escalates his trade war with China.

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Thirsty AI mega projects raise alarm in some of Europe’s driest regions

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Thirsty AI mega projects raise alarm in some of Europe’s driest regions

Liquid cooled servers in an installation at the Global Switch Docklands data centre campus in London, UK, on Monday, June 16, 2025.

Bloomberg | Bloomberg | Getty Images

Europe’s ambitious artificial intelligence strategy is at risk of colliding with an often overlooked but critically important environmental issue: water scarcity.

The European Union has big plans for data center expansion, announcing in April that it intends to at least triple its capacity over the next five to seven years as part of a push to become a world-class AI hub.

The rapid rollout of data centers, which power all aspects of the digital economy, from social media and online banking to AI tools like ChatGPT, has sparked some concern — particularly in regions already facing water scarcity.

The issue is especially acute across southern Europe, with around 30% of the population known to be situated in areas with permanent water stress. This refers to a situation where the demand for water exceeds the available supply during a specific period.

Data centers typically require large quantities of water to keep them from overheating.

Major tech companies like Amazon, Microsoft and Meta have invested billions of U.S. dollars in new facilities in Spain, for instance, while Google has plans to develop three hubs in Greece’s Attica region.

There's a water crisis looming. Big Tech and AI could make it worse

Kevin Grecksch, associate professor of water science, policy and management at the U.K.’s University of Oxford, told CNBC that plans to build data centers in water-stressed areas across Europe reflects a lack of integrated thinking from policymakers.

“AI is a buzzword and the talk of the town,” Grecksch said. “So, national and regional politicians try to get their hands on it, and it sounds as if you’re investing into the future, creating a few new jobs — but sustainability seems to be an afterthought.”

Grecksch said the rapid rollout of data centers across the region throws up plenty of unanswered questions, such as, given that in most jurisdictions public water supply has priority over everything else, what happens if data centers are shut down in a drought scenario? He conceded he had no answer to this prospect.

“Data centres tend to be built in arid or semi-arid climates because that’s the preferred environment for servers; yet those areas tend to be subject to water scarcity or drought prone as well,” Grecksch said.

A spokesperson for the European Commission, the EU’s executive arm, said policies of the European High Performance Computing Joint Initiative (EuroHPC JU) include selecting hosting sites for AI factories based on criteria that prioritizes energy efficiency and environmental sustainability.

“Green computing will continue to be pursued through energy-efficient supercomputers optimised for AI, using techniques such as dynamic power saving and re-use techniques like advanced cooling and recycling of the heat produced,” the spokesperson told CNBC by email.

The EU referenced the new “JUPITER” supercomputer in Jülich, Germany, as “a prime example of European excellence” in addressing energy efficiency, saying the system runs entirely on renewable energy and features “cutting-edge” cooling and energy reuse.

Data centers’ water footprint

In Aragon, an area of severe water stress in northeastern Spain, Amazon is planning to open three data centers. The proposal, which the U.S. tech giant says will create thousands of jobs, has sparked tension between local farmers and environmental activists.

In the U.K., the small English village of Culham has been picked as the first of the British government’s so-called AI “growth zones.” The designation of the Oxfordshire site, which is situated close to one of the country’s first new reservoirs in 30 years, has raised fears that it could put further pressure on local water supplies.

Nick Kraft, senior analyst at political risk consultancy Eurasia Group, said “extremely arid” and high-water stress localities were being targeted across Europe for further data center development.

“Complicating the matter is the fact that the most common understanding of data center water usage, and typically what companies report on when communicating with local stakeholders, is on-site water use — or the water used for cooling in data centers,” Kraft told CNBC by email.

This photograph taken on August 24, 2025 shows a general view of the Mediano reservoir, in the northeastern region of Aragon, Huesca province.

Ander Gillenea | Afp | Getty Images

“This despite more than half of data centers’ water footprint being off-site, occurring in energy generation and semiconductor manufacturing,” he added.

There are emerging signs that data center operators are maturing in their water stewardship, Kraft said, but assessing the full water footprint of these projects is expected to remain a major challenge.

Analysis published by S&P Global last month said the data center industry’s average exposure to water stress is projected to be high in the 2020s, with southern European countries such as Spain and Greece among the locations forecast to face the most water stress.

Data centers power the digital economy

Michael Winterson, secretary general of the European Data Centre Association (EUDCA), which represents the interests of the European data center operator community, said water consumption is a concern that the industry takes seriously.

“Water treatment and collection is now normal for us. And there are continual innovations in this space that reduce energy required, reduce water needed and are fast approaching near zero chemical treatment,” Winterson told CNBC.

An operator works at the data centre of French company OVHcloud in Roubaix, northern France on April 3, 2025.

Sameer Al-doumy | Afp | Getty Images

The EUDC’s secretary general also sought to highlight the importance of data centers to the region’s digital economy.

“This is trillions of dollars of GDP and millions of technology jobs in Europe alone — which in average pay significantly higher salaries than national average wages. A 20 [megawatt] Datacentre uses the similar amount of water as a golf course! How much GDP do golf courses create? What kind of jobs?” Winterson said.

A deepening water crisis

European lawmakers have previously warned about the region’s growing water crisis, saying there is a pressing need to tackle issues such as scarcity, food security and pollution at a time when Europe is the fastest-warming continent on the planet.

The European Environment Agency, for its part, said late last month that the region’s water resources are currently under “severe pressure,” with water stress affecting one-third of Europe’s population and territory.

When factoring in the explosion of AI demand, Laura Ramsamy, climate and hazard lead at data analytics platform Climate X, said the rollout of new hyperscale data centers in already water-stressed European areas “is really exacerbating the problem.”

Europe's power infrastructure needs to keep pace with AI boom

In the Netherlands in 2022, for instance, Meta paused its plans to build a large data center in the region of Zeewolde amid objections over environmental concerns, particularly high power and water consumption.

Ireland, which has long embraced the rollout of data centers to facilitate an AI boom, also recently came under scrutiny from environmental groups, with many of these hubs concentrated in the Dublin area.

Notably, the Netherlands and Ireland have both imposed effective bans on new data centers over the coming years due to concerns over grid capacity and their environmental impact.

A spokesperson of Ireland’s Department of Climate, Energy and the Environment said the construction and operation of data centers have “positively contributed” to the Irish economy over the past decade.

“As with all sectors of our economy, the operation and development of data centres are underpinned by Ireland’s legally binding climate objectives and the need to maintain robust energy security,” the spokesperson said.

“It is understood that the largest data centres in Ireland primarily operate air cooling rather than water cooling systems. This differentiates Ireland from many global data centre locations,” they added.

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