AMD Acquires Chip Startup Taalas, Betting on Silicon Hardwired for a Single AI Model AMD announced Thursday, August 6, that it has agreed to acquire Taalas, a Toronto-based startup that builds AI chips physically etched to run a single specific model — a bet that the next phase of the AI infrastructure race will reward … Read more
AMD Posts Record $11.5 Billion Quarter as Data Center Revenue More Than Doubles — Stock Falls Anyway Advanced Micro Devices reported record second-quarter revenue of $11.5 billion on Tuesday, August 4, with data center sales more than doubling year-over-year on booming demand for its server processors and AI accelerator chips — a genuine beat on … Read more
Oil Tumbles as Wall Street Reacts to Trump’s Iran De-Escalation, With Jobs Report and Big Earnings Still Ahead This Week Oil prices dropped sharply to start the week after President Trump announced he had called off a planned military strike on Iran in favor of pursuing a diplomatic deal, giving markets a jolt of relief … Read more