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.
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.
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.
Charge Robotics chief technology officer Max Justicz said he used a specialized OpenAI model to find a vulnerability in a popular open-source software that would allow someone to hack into major datacenters.
Alphabet Inc.’s Google said it plans to spend $15 billion to expand data center and cloud operations in Malaysia as the artificial intelligence boom fuels demand for digital infrastructure.
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.
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.
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.
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.
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.