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Here's your afternoon TNB Tech Minute for Monday, November 10th. I'm Julie Chang for the Wall Street Journal.

In earnings, TSM has reported sales grew 17% last month from a year earlier. It marks the slowest expansion for the

company since February 24. However, analysts say it would be premature to take that as a sign that

demand for AI is weakening.

TSM is the world's largest chip contract maker, and its sales are seen as a bellwether of industry trends. As companies pour billions into AI, some have been growing nervous about the risk

of a bubble. But analysts say current valuations are supported by resilient earnings and capital expenditure is funded

by free cash flow. Meanwhile, Instacart has reported higher third quarter revenue and profit as

demand for grocery delivery continued to grow. The company reported net income of $144 million,

up from $118 million the year before, revenue rose to $939 million,

surpassing Wall Street expectations. Instacard said its total orders grew 14% year-over-year,

while its gross transaction value increased 10%. And we are exclusively reporting that a group of Democratic senators

are demanding the White House answer for higher electric bills they blamed in part on the AI boom.

In a letter, Senator Bernie Sanders, Senator Richard Blumenthal, and others called on the administration

to share how it plans to mitigate price impacts and more from

data centers needed to train and run AI applications. The group took aim at Meta, OpenAI, Alphabet,

Oracle, and other firms behind a data center buildout stretching from the Washington suburbs to

rural Oregon. The Labor Department estimated Americans' electric bills in September jumped 5.1% from a year earlier.

Tune into tomorrow's Tech News Briefing podcast for a deeper dive into increased power prices.