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Is AMD’s (AMD) Expanding AI Partnerships Quietly Redefining Its Long‑Term Data Center Strategy?

AMD is expanding its AI partnerships, notably with OpenAI, which secured access to up to 6 gigawatts of AMD chips. This move, along with new AI deployments and upcoming product launches, highlights AMD's growing role in AI infrastructure across various sectors. The OpenAI deal is a key catalyst for AMD's AI data center strategy, despite risks like export controls and competition. AMD projects significant revenue and earnings growth by 2028, with a fair value estimate suggesting a 43% upside to its current stock price.

Simplywall·
US
AMD
+1.49%
US
AMDL
+2.83%
Simplywall·
US
AMD
+1.49%
US
AMDL
+2.83%

Claude for Chrome Unleashes Autonomous Browser AI

Claude for Chrome, a new browser extension by Anthropic, transforms browsers into intelligent agents capable of executing complex workflows autonomously. It showcases AI's ability to handle tasks like data aggregation, document editing, and code implementation without human intervention, marking a shift from AI as a co-pilot to an independent executor. This development could significantly enhance digital productivity and reshape software development, offering faster prototyping and reducing operational bottlenecks for businesses.

StartupHub·
US
GOOG
+1.91%
StartupHub·
US
GOOG
+1.91%

Dow Jones Top Company Headlines at 7 PM ET: OpenAI's New Fundraising Round Could Value Startup at as Much as $830 Billion | Meta ...

OpenAI's new fundraising round could value the startup at $830 billion amid AI bubble concerns. Meta is developing AI models 'Mango' and 'Avocado'. Nike's sales rise in Q2, but China remains weak. FedEx raises revenue outlook as package volumes increase. KB Home's profit narrows due to housing market stagnation. Scholastic's profit grows on back-to-school revenue. Cannabis stocks fall as Trump reschedules marijuana. Instacart to pay $60M for deceptive practices. Elliott considers IPO for Barnes & Noble, Waterstones. Trump Media to merge with TAE Technologies in a $6B deal. Novo Nordisk seeks FDA approval for obesity drug CagriSema. Hogan Lovells and Cadwalader to merge, creating a $3.6B law firm. A cyber startup aims to counter AI threats. Ben & Jerry's board members accuse Magnum of ousting attempts. BP's new CEO is Meg O'Neill, an American oil and gas defender.

MorningStar·
US
KBH
-0.30%
NA
OpenAI
0.00%
US
CART
-1.53%
MorningStar·
US
KBH
-0.30%
NA
OpenAI
0.00%
US
CART
-1.53%

Apple becomes a debt collector with its new developer agreement

Apple's updated developer agreement allows it to recoup unpaid funds from developers by deducting from in-app purchases. This impacts developers using external payment systems, requiring them to report payments to Apple for commissions. The agreement affects markets like the EU, US, and Japan, and includes new fees like the Core Technology Commission. Apple can collect unpaid amounts from related accounts and apps. Additional changes include age assurance technology and requirements for voice-based assistants, banning recordings without user awareness.

TechCrunch·
US
AAPL
+0.13%
US
AAPB
-0.14%
US
AAPD
-0.15%
TechCrunch·
US
AAPL
+0.13%
US
AAPB
-0.14%
US
AAPD
-0.15%

Meta's Mark Zuck announces new AI model Mango to compete with Sundar Google, Sam OpenAI

Meta's Mark Zuckerberg announced a new AI model, Mango, to compete with Google's Gemini and OpenAI's image systems. Mango, alongside Meta's text model Avocado, aims to be released by 2026. Meta is restructuring its AI division, hiring experts to enhance its capabilities in image generation, a key competitive area. The announcement highlights the ongoing competition in AI development among major tech companies.

Cryptopolitan·
US
META
+2.30%
Cryptopolitan·
US
META
+2.30%
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