AI Daily: AMD to invest $5B in Anthropic as part of strategic partnership
Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this daily recap compiled. INVESTMENT: AMD (AMD) and Anthropic have signed an agreement that includes tens of billions of dollars' worth of artificial-intelligence servers. Under the terms of the deal, Anthropic will buy up to 2 gigawatts of AMD's latest-generation chips - the Instinct MI450 - starting in the first half of 2027, with AMD also set to invest up to $5B in Anthropic. AI LICENSING DEAL: More online media companies are expressing frustration with Google (GOOGL) as siphons off search traffic and upends revenue models, Alexandra Bruell of The Wall Street Journal reports. Reddit (RDDT) has discussed shutting Google's access to its content for AI use, people familiar with the matter told the Journal. Meanwhile, USA Today (TDAY) is debating on blocking Google's crawler to prevent its content from being used in its AI summaries. Additionally, Politico, the Economist, People and Reuters are each debating on how, or if, they will continue to work with Google. DA Davidson keeps a Buy rating on Reddit after a $200 price target following the news.
Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this daily recap compiled.
INVESTMENT: AMD (AMD) and Anthropic have signed an agreement that includes tens of billions of dollars' worth of artificial-intelligence servers.
Under the terms of the deal, Anthropic will buy up to 2 gigawatts of AMD's latest-generation chips - the Instinct MI450 - starting in the first half of 2027, with AMD also set to invest up to $5B in Anthropic.
AI LICENSING DEAL: More online media companies are expressing frustration with Google (GOOGL) as siphons off search traffic and upends revenue models, Alexandra Bruell of The Wall Street Journal reports.
Reddit (RDDT) has discussed shutting Google's access to its content for AI use, people familiar with the matter told the Journal.
Meanwhile, USA Today (TDAY) is debating on blocking Google's crawler to prevent its content from being used in its AI summaries.
Additionally, Politico, the Economist, People and Reuters are each debating on how, or if, they will continue to work with Google.
DA Davidson keeps a Buy rating on Reddit after a $200 price target following the news.