Author: Advanced AI Bot

(Reuters) – Advanced Micro Devices on Wednesday announced a new $6 billion stock buyback plan, joining a string of chipmakers that are looking to reduce their float as the AI trade that has powered their shares shows some signs of slowing. Shares of the Santa Clara, California-based company rose as much as 6.4%. Its shares have fallen more than 6% so far this year, compared with a less than 1% drop for the benchmark Philadelphia Semiconductor Index. The buyback, which boosts its total repurchase authority to about $10 billion, comes just a day after AMD announced a deal with Humain,…

TAIPEI (Reuters) -Taiwan’s Foxconn, the world’s largest contract electronics maker, is expected to report on Wednesday that first-quarter profit leapt 72% on continued strong demand for artificial intelligence servers. Net profit for January-March for Apple’s top iPhone assembler and Nvidia’s server maker likely came in at T$37.8 billion ($1.25 billion), according to an LSEG consensus estimate of 13 analysts, versus T$22.01 billion a year earlier. Foxconn, formally called Hon Hai Precision Industry, said last month that its first-quarter revenue jumped 24.2% to a record for that quarter on strong sales of AI servers. But global trade uncertainty could dim the…

RIYADH (Reuters) -The United States does not need to block the global spread of its AI chips and technology to manage national security risks, a White House official said on Tuesday, signalling a more open stance on exports to trusted allies such as Saudi Arabia. David Sacks, the White House’s AI and crypto czar, made his comments in Riyadh days after Washington announced plans to rescind and modify a Biden-era regulation that would limit global access to artificial-intelligence chips. “The Trump administration has just announced that we will be rescinding what’s known as the Biden diffusion rule… it literally restricted…

By Jaspreet Singh (Reuters) -Pinterest forecast current-quarter revenue above Wall Street estimates on Thursday, signaling its artificial intelligence tools are boosting advertising spend on the platform and sending its shares up 16% in extended trading. Despite uncertainty over marketing budgets, the company’s emphasis on direct response ads — designed to prompt specific actions like shopping, app downloads or website visits — continues to drive ad spend. Pinterest’s results came after the termination of a duty-free import loophole in the U.S., which, combined with deepening trade tensions, has constrained ad budgets for some social media platforms. Finance chief Julia Donnelly said…

By David Shepardson WASHINGTON (Reuters) -Microsoft and other AI leaders on Thursday will urge U.S. lawmakers to streamline federal permitting for artificial intelligence energy needs and open more government data sets for AI training, according to written testimony reviewed by Reuters. “America’s advanced economy relies on 50-year-old infrastructure that cannot meet the increasing electricity demands driven by AI, reshoring of manufacturing, and increased electrification,” Microsoft President Brad Smith’s written testimony says for a Senate Commerce Committee hearing on “Winning the AI Race”. OpenAI CEO Sam Altman will tell senators that as AI systems improve people will want to use them…

By Alexandra Alper and Jody Godoy WASHINGTON (Reuters) – Top executives at American AI giants OpenAI, Microsoft and Advanced Micro Devices said at a U.S. Senate hearing on Thursday that while the U.S. is ahead in the artificial-intelligence race, Washington needs to boost infrastructure and champion AI chip exports to stay ahead of Beijing. The U.S. Senate Commerce Committee, chaired by Republican Senator Ted Cruz, is looking to cut regulatory barriers to U.S. artificial intelligence after China’s DeepSeek shocked the world with a high-quality, affordable AI model last year and as Huawei, long in Washington’s crosshairs, unveiled an advanced AI…

By Karen Freifeld and Arsheeya Bajwa (Reuters) -U.S. President Donald Trump’s administration plans to rescind and modify a Biden-era rule that curbed the export of sophisticated artificial-intelligence chips, a spokeswoman for the Department of Commerce said on Wednesday. The regulation was aimed at further restricting AI chip and technology exports, dividing up the world to keep advanced computing power in the United States and among its allies while finding more ways to block China’s access. The Framework for Artificial Intelligence Diffusion was issued in January, a week before the end of the administration of former President Joe Biden. It capped…

By Arsheeya Bajwa (Reuters) -Palantir Technologies raised its annual sales forecast on Monday, although its inline profit and a modest revenue beat disappointed investors who were expecting more from the AI-focused data and analytics firm, driving its shares down 8% in extended trading. The stock has been one of the biggest gainers of a rally in AI-linked shares, rising more than 60% this year, as investors placed huge bets on its ability to benefit from widescale AI deployments and increased government spending on defense-related tech. “The only thing that’s higher than the results reported were expectations, and that’s why the…

(Reuters) -Uber said on Tuesday it was partnering with Pony AI to deploy the China-based robotaxi developer’s vehicles onto its ride-hailing platform, marking the latest in a series of tie-ups aimed at strengthening its presence in the fledgling robotaxi sector. The partnership will launch in a key market in the Middle East later this year and will roll out to more international markets in the future. During the initial pilot phase, Pony AI’s vehicles will include a safety operator onboard before transitioning to a fully autonomous commercial launch. Uber has signed several new partnerships and expanded existing collaborations in recent…

(Reuters) -Cloud security firm Datadog raised its annual revenue forecast and beat the estimate for quarterly sales on Tuesday, thanks to growth in large customers and AI-driven workloads. The company has benefited significantly from the increased adoption of artificial intelligence technologies, which has driven strong demand for its cloud monitoring and security platform. On Monday, Datadog acquired Eppo, a feature flagging and experimentation platform, to expand its AI and product analytics offerings, aiming to help customers build products faster and with less risk. “We are innovating rapidly across the Datadog platform, to help customers observe, secure, and act to solve…