AMD'S DATACENTER REVENUE DOUBLES ON AI DEMAND
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
AMD's data center business surged 107% year-over-year to $6.7 billion, driven by artificial intelligence capacity demand. Gaming revenue fell 31% to $779 million as console and handheld sales slowed.
■ MORE FROM THE BUSINESS DESK
A former Harvard Business School researcher says SpaceX's Starship program faces significant technical hurdles despite investor enthusiasm. Sinead O'Sullivan noted the rocket's complexity far exceeds that of the Falcon.
The European Union is advancing its independent satellite constellation by one year, targeting launch in 2029. The acceleration responds to shifting security threats requiring expanded communication capacity.
The U.S. labor market contracted in July, losing 23,000 jobs in a sharp reversal from recent months. The unexpected decline marks a significant shift in employment trends.
The U.S. government has agreed to pay a German company $1.2 billion to halt its offshore wind projects. The deal resolves a dispute over the ventures.