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Amazon Acquires $84.4 Million Stake In AMD Amid AI Chip Expansion, Export Controls
Amazon.com Inc. (NASDAQ:AMZN) has purchased 822,234 shares of Advanced Micro Devices Inc. (NASDAQ:AMD) worth $84.4 million, according to a 13F regulatory filing with the Securities and Exchange Commission on Tuesday.
Amazon is working on a secret project called 'Kiro,' a new tool that uses AI agents to streamline software coding
Amazon's AI coding assistant 'Kiro' is designed to use AI agents and a multi-modal interface to streamline software development.
TensorWave raises $100M to build out AI training cluster data center with 8,000+ AMD GPUs
TensorWave Inc., a graphics processing unit cloud platform for artificial intelligence that’s focused on offering an alternative to Nvidia Corp.’s market dominance through Advanced Micro Devices Inc. chips, announced today that it has raised $100 million in an early-stage funding round led by Magnetar and AMD Ventures.
Nvidia, AMD extend stock gains. Why the AI trade is roaring back.
Nvidia’s partnership with Saudi Arabia’s Humain could help offset some of its revenue losses in China, analysts said.
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Saudi Arabia's $600 Billion Investment Extravaganza in the U.S.
During his Gulf tour, U.S. President Donald Trump secured a $600 billion investment commitment from Saudi Arabia to boost the U.S. economy. High-profile deals in AI and technology were announced. Key players include Amazon,
Nvidia’s huge deal with AI startup Humain puts Saudi Arabia at ‘the front of the line’ of global chip customers, Dan Ives says
As the Trump administration prioritizes partnerships with the Mideast, China emerges as the ‘big loser,’ the Wedbush analyst told Fortune.
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