AMD announced its agreement to acquire Taalas, a Toronto-based startup specializing in AI inference chips that are customized for specific AI models. These chips offer faster and cheaper processing for certain AI tasks compared to traditional GPUs, which AMD currently relies on for most data center growth. The acquisition follows Nvidia's $20 billion purchase of Groq, another AI chip startup, highlighting the competitive push in AI hardware. AMD plans to integrate Taalas' technology into its systems alongside its CPUs and GPUs, enhancing its offerings for low-latency AI applications and supporting its Helios rack-scale AI systems.
In August 2026, AMD executives sold more than $40 million worth of company stock, including a notable $13.6 million sale by CTO Mark Papermaster. These insider sales coincided with a 17% decline in AMD's share price from its late June peak above $580...
AMD reported robust Q2 results with revenue reaching $11.5 billion, fueled by a 107% growth in its data center segment driven by strong AI compute demand. Margins improved year-over-year, reflecting better cost efficiency. The company projects Q3 rev...
Anthropic has secured a $45 billion, six-year deal to rent AI computing power from British startup Nscale, utilizing Nvidia's cutting-edge Vera Rubin chip system. This deal, starting in late 2027, adds to Anthropic's aggressive expansion of compute c...
Advanced Micro Devices (AMD) projects its Data Center revenue will more than double by 2027, with server CPU revenue growing over 70%. This growth is supported by AMD's Helios platform, which integrates MI450 GPUs, Venice CPUs, Pensando networking, a...
Anthropic has secured a $45 billion cloud computing agreement with UK-based AI infrastructure firm Nscale, renting 460 megawatts of capacity at a new data center in West Virginia. This deal, expected to be operational by the end of 2027, will use Nvi...
