The deal gives AMD a world-models research arm and a high-profile hire as it challenges Nvidia in AI compute.

Rising yields and oil prices pressured equities, with Wall Street indexes falling on the session.

The repurchase program runs through January 2028 and signals confidence in demand for its AI chips.

The fast-fashion retailer's debut public earnings showed margin pressure and a decline in European revenue.

The decision follows public calls from AI lab leaders, including OpenAI and Anthropic, to slow frontier model development.

Desai will report to Mark Zuckerberg as Meta pushes deeper into enterprise software and AI tools for developers.

The test flight is a milestone for the vehicle central to SpaceX's launch and satellite ambitions.

The department said it could target other potentially abusive tactics that defer taxable gains.

The company said the model does not advance the frontier but improves coding and knowledge-work tasks.

Nadella said the restructuring leaves Xbox positioned to return to growth after cutting about 1,600 jobs.

The investor's warning comes as rising bond yields test the valuations of AI-linked stocks.

A flurry of bidding preceded Nvidia's agreement to buy the open-source AI platform, CNBC reported.

The queries target tax and subsidy provisions in Republican legislation that benefit large AI and cloud firms.

The proposal adds to a growing set of congressional measures aimed at regulating advanced AI systems.

The announcement with Mesabi Metallics comes as voters' economic views shape the midterm outlook.

The subpoena requires Musk or another company representative to testify in the council's inquiry.

The comments come amid a bond rout and debate over the path of monetary policy.

Analysts warn a ban could raise global diesel prices and lift US gasoline costs as refiners adjust.