Taiwanese-American CEO of AMD since 2014; engineer, innovator in chipmaking.
The Federal Reserve has kept the benchmark rate steady in a nine-to-three vote, amid persistent inflation above the 2% goal. Dissenters argue for earlier tightening, while others urge patience; investors await July inflation data to gauge the path for policy.
AMD has unveiled its Helios AI rack system at Advancing AI in San Francisco, promising higher throughput and lower cost per token. The system targets hyperscalers and data centers, with partnerships across Microsoft, Anthropic, OpenAI, and others. The move intensifies the race with Nvidia as AMD argues Helios delivers greater inference efficiency.
U.S. officials have reported progress in talks with Iran and Oman to reopen the Strait of Hormuz and restore freedom of movement for commercial shipping. Officials have said a deal could be announced within days; Iran continues to deny direct negotiations with Washington and insists any opening depends on U.S. behaviour. Oil has swung on the reports and markets are pricing in lower near-term rate risk.
Fed dissenters argue inflation remains too high and supply shocks persist; they advocate a series of small rate increases to curb inflation, while the majority holds rates steady. The coming months will test whether this hawkish push gains traction.
Anthropic is hiring engineers to design custom chips for Claude and will co-design hardware and models while relying on external hardware partners to scale. Open questions remain about manufacturing partners and timeline as rivals move to in-house Silicon.
A roundup of earnings from CNBC and Independent sources shows mixed results across tech and gaming, with Elf Beauty benefiting from tariff refunds, Flutter Entertainment restructuring leadership, and AMD navigating AI-driven demand amid a volatile market.
Tech giants push for multiple winners in AI infrastructure. SpaceX will exclusively use Nvidia GPUs; AMD touts open-source ROCm as a faster path to AI software, while investors weigh diversification against strong growth in AI compute. Nvidia remains a central player, with Nvidia-powered SpaceX contracts and AMD’s open strategy shaping near-term dynamics.