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Quartz Colleen Cabili · Updated

AMD beat earnings estimates as data center revenue nearly doubled

The chipmaker beat third-quarter earnings expectations as demand for its AI chips increased, sending shares higher in extended trading. AMD forecast fourth-quarter revenue of about $17 billion, plus or minus 3%, according to Quartz. Third-quarter operating income rose 123% to $2.8 billion, according to Unite.AI.

  • CNBC reported an 8% share-price jump after earnings.
  • RuntimeWire reported adjusted earnings of $2.09 per share.
Bloomberg Mark Anderson · Updated

Oracle Scraps $7 Billion Deal to Lease Chips to Tencent, FT Says

US officials raised concerns with Oracle about the agreement, according to The Economic Times, citing the Financial Times. The Financial Times reported that the intervention came as US AI infrastructure companies faced growing tensions over doing business with Chinese technology giants, with the cancellation following pressure from the Trump administration.

Neowin ·

Google will block Search for schools that opt out of its AI features

Search, Gemini, Gemini Notebook and Gemini in Classroom will be off by default for K-12 student accounts until school administrators explicitly enable them. Google has also made Guided Learning available worldwide in Classroom and plans to pilot the feature in Search at selected U.S. schools.

CoinDesk · Updated

ZachXBT names French bank Crédit Mutuel Arkéa as suspected victim of $133 million crypto theft

The bank acknowledged that hackers stole money after accessing its computer systems, according to Bloomberg. CoinDesk reports that Crypto.com blocked funds linked to the theft.

The Information · Updated

Stunning Democratic Victories in Texas Bring Uncertainty for Data Centers, Musk

Texas elected Democrats as governor and U.S. senator for the first time in decades, according to The Information. Implicator.ai reports that the incoming governor pledged a data center moratorium.

More stories

Nvidia China Clients to Get 1% of $70 Billion RTX Chips Ordered 2 sources covering Nvidia China Clients to Get 1% of $70 Billion RTX Chips Ordered

Chinese AI developers expect to receive just a small fraction of the advanced Nvidia Corp.

Bloomberg ·
CISA flags WordPress RCE flaw as actively exploited in attacks 4 sources covering CISA flags WordPress RCE flaw as actively exploited in attacks

Attackers are exploiting a WordPress Core vulnerability that can let malicious code run on website servers.

BleepingComputer ·
North Korea denies being behind record $6.3bn Binance hack 32 sources covering North Korea denies being behind record $6.3bn Binance hack

The exchange described a campaign lasting months that compromised an engineer’s work computer and internal systems before the theft.

BBC ·
Sonos adds new Presets and prepares for the 27voice AI beta 6 sources covering Sonos adds new Presets and prepares for the 27voice AI beta

The updated app lets users save music playback settings for a particular room and volume, then start playback from the homescreen, according to The Verge.

The Verge ·
Google offers buyouts to staff in five more countries, Reuters reports 3 sources covering Google offers buyouts to staff in five more countries, Reuters reports

Some employees in Canada, France, Germany, Japan and Switzerland have been offered exit packages since June, extending a program previously run in the US and UK.

The Next Web ·
Anti-data center candidates claim victory across the US in 2026 Midterm Elections 2 sources covering Anti-data center candidates claim victory across the US in 2026 Midterm Elections

Candidates opposing data centers won races across the United States in the 2026 midterm elections, according to Data Center Dynamics.

Data Center Dynamics ·
‘Population collapse’ makes AI productivity gains vital, says top Meta executive

Alex Schultz tells FT’s Future of AI summit that falling birth rates mean AI will be needed to support dwindling numbers of people

Financial Times ·
AI-generated data found on Nigeria voter roll

The discovery risks further undermining faith in the integrity of January’s presidential election.

Semafor ·
‘There Is One Fight’: American Voters Reject Tech Oligarchy

Tuesday's election was a wholesale rejection of Silicon Valley's worldview and AI-powered kleptocracy.

404 Media ·
China Robot Funding Slows to $1.6 Billion as Shakeout Fears Grow

Chinese robotics sector fundraising decelerated sharply in past months to about 11 billion yuan ($1.6 billion) in October, suggesting a cooling in the frenzied pace of investment since Unitree wowed the world with its Spring Festival humanoids showcase.

Bloomberg ·
Google hasn’t figured out how to make AI pay like its search engine

Search queries are growing at their fastest rate in five years, Google parent Alphabet said in its earnings report last week.

The Verge ·
Uber picks up the pace in robotaxi race

Ride-hailing group aims to have 2,000 robotaxis on road by end of next year but will still trail rival Waymo

Financial Times ·
Anthropic is an opportunity to rethink IPO rules

To protect retail investors, we should stop permitting the deferral of stock-based employee compensation costs

Financial Times ·