The company’s stock shot up over 15 percent today following record earnings and reports of a potential chipmaking deal with Apple. It’s only the second Asian company to break the milestone, along with rival chipmaker TSMC, both riding high on AI demand.
That’s the question nine senators and members of Congress have asked in the wake of its decision to close Maryland’s Towson Town Center store. It was the first store to unionize, in 2022, but union staff say they’re not being allowed to transfer to other stores, while non-union employees can.
Data center sales are now “the primary driver of our revenue and earnings growth,” according to CEO Lisa Su. AI agents are increasing demands for CPUs, and AMD and Intel’s x86 industry group recently announced a new instruction set, AI Compute Extensions (ACE), to help close the performance gap with GPUs.
Its client and gaming revenue grew 23 percent to $3.6 billion despite lower “semi-custom revenue” for devices like game consoles.
[Advanced Micro Devices, Inc.]
The agent is dubbed “Hatch” internally, The Information reports. Meta is also apparently working on an agentic shopping tool for Instagram that it wants to launch before Q4.
Wu is still identifying documents. Two jurors have some real thousand-yard stares going on.
We are now looking at assorted legal documents with him. We have determined the board has approved the agreement of 2018, which is the initial formation of the for-profit OpenAI LP. OpenAI Inc. contributed assets and in result got the limited partner interest and “residual interest.” This seems to be mostly about reading stuff into the record.
Molo asked a very narrow question about texts or emails about removing Musk from the board. Then he accused Brockman of making up the explanation after the fact because of the trial. OpenAI’s lawyer pulled out two sentences from the same entry: “real decision is fire Elon” and “We seem converged on the ‘fire Elon’ route.” Pretty good from OpenAI’s lawyers, and very annoying / misleading from Molo.
For instance, yesterday, Brockman gave a long spiel about the setup of OpenAI that only tangentially involved Musk. Altman and Sutskever were portrayed as being in the middle of things. Molo effectively said that and then pointed out that Musk’s money was key. Brockman objected both to the summary, and to the idea that Musk’s money was key. Come on, dude. We aren’t idiots.
It’s not clear to me why Musk’s ultimatum matters? Musk says he won’t continue funding until he gets a firm commitment. Brockman testified he never made that firm commitment, and Musk didn’t resume his quarterly payments. There were clear continuing negotiations about how to raise money, including whether Tesla should get control of OpenAI and whether there should be an ICO after this email. What are we doing? I am at this point genuinely lost.
We have been talking about whether or not Greg Brockman made an initial investment into the for-profit. If we all agree that the for-profit has a different investment base than the nonprofit, I don’t get what the conflict here is? The nonprofit is effectively an investor in the for-profit, though the investment was in kind. The nonprofit still exists. Right now I am trying to figure out whether I find Brockman or Musk more reliable, and I think the answer is, it’s going to depend on who is most supported by other witnesses and documents.
