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AMD’s data center business is booming while gaming takes a backseat

Driven by demand for AI capacity, AMD's data center revenue more than doubled year-over-year in its latest earnings report, reaching $6.7 billion. That's up from $5.8 billion in Q1, and jumping 107 percent from the $3.2 billion it reported for the same period a year ago. During Tuesday's earnings call, AMD CEO Lisa Su said the company expects "data center segment revenue to more than double year-over-year in 2027," as well. At the same time, AMD's gaming revenue fell 31 percent compared to l...

The Verge AI Aug 4
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SpaceX made more revenue as an AI company than a space company

SpaceX's AI revenue grew more than three times to $2.6 billion from the year before, mostly because of deals that the company made to provide compute to other AI companies, according to SpaceX's quarterly earnings. The AI division, which the company said in its documents to go public was the source of most of its value, lost $1.5 billion this quarter, slightly less than in the same quarter last year. SpaceX made deals with Anthropic in May and Google in June to provide compute to the other tw...

The Verge AI Aug 4
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Blackmail Fail (2013)

37 points • 3 comments on Hacker News

Hacker News Aug 4
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How an OpenAI influencer trip backfired

The brand trip is a right of passage for influencers. It's a mark of legitimacy that a sponsor wants to invite them on an all-expenses-paid vacation, often with luxurious freebies and activities. Trips can also spur hard feelings from uninvited influencers, trigger criticism from the public, and project a certain frivolousness. Usually it is fast fashion companies or beauty brands flying out influencers with the goal of flooding social media with sponsored content. This time, it was a major ...

The Verge AI Aug 4
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‘Not healthy’ LLM use is more common than you think

Hank Green, a popular YouTuber and science communicator, said he is stepping back from production amid intense criticism over his use of AI. Green described his AI usage as "not healthy," but stressed that he used it for finding research sources and not to write scripts. Much of the ensuing firestorm in this corner of the internet has centered on how a creator can square a brand built on authenticity and credibility with a technology trained on the (often uncompensated) works of others, and w...

The Verge AI Aug 4
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The AI Demand Bubble

76 points • 36 comments on Hacker News

Hacker News Aug 4
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Spotify expands AI remix and covers project with Merlin partnership

Spotify says Merlin, which represents more than 30,000 independent labels and distributors, has joined Universal Music Group in backing its upcoming AI-powered remix and covers product. The paid tool will let fans create AI-generated covers and remixes of participating artists’ music while ensuring artists opt in, receive credit, and are compensated.

TechCrunch AI Aug 4
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Texas halts new data centers as governor calls for audits

Tech companies and developers have been scouring the U.S. for places to build data centers, and they’ve been drawn to Texas’ loose regulations and seemingly abundant power supply. But even Texas can be pushed to the brink.

TechCrunch AI Aug 4
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Texas says data centers must pass an audit before connecting to the grid

Texas announced new a audit on data centers that could slow approval for new facilities seeking to connect to the state energy grid. Governor Greg Abbott (R) on Monday directed the Public Utility Commission of Texas (PUCT) and the Electric Reliability Council of Texas (ERCOT) to verify and audit new data center proposals, writing that the review is needed to "keep the grid stable and reliable." Data centers will need to provide information on state and local incentives they've received, how m...

The Verge AI Aug 4