Advanced Micro Devices hit a $1 trillion market capitalisation on September 21 as AI-driven data centre demand pushed its stock up 180 percent in 2026 to an intraday record of $613.92 per share.
Tag: artificial intelligence
Posted inTech
Jayapal Calls for a Federal Charter System for AI Companies, Modeled on Banks
Rep. Pramila Jayapal previewed a bill that would require large AI companies to obtain a federal charter to operate, modeled on bank licensing, while opposing an antitrust waiver sought by the industry.
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California Becomes First US State to Mandate Third-Party Audits of AI Systems
Governor Newsom signed SB 813 and AB 1405 on September 9, creating a state registry for AI auditors and an accreditation framework for independent verification — the first such statutory requirements in the United States.
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Nvidia Closes In on a $12.9 Billion Hugging Face Deal
Nvidia is in advanced talks to acquire Hugging Face for $12.9 billion, a deal that would give the chip giant control over the open-source AI hub used by more than a million developers worldwide.
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Amazon Closes Mechanical Turk After 21 Years as AI Replaces Human Labelers
Amazon will shut down Mechanical Turk on September 30, ending the 21-year-old platform Jeff Bezos called ‘artificial artificial intelligence.’
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Broadcom Lines Up $60 Billion in Debt to Finance AI Infrastructure Boom
Broadcom is raising more than $60 billion in debt — potentially $100 billion including junior tranches — for AI infrastructure projects involving Anthropic, part of a broader shift from corporate balance sheets to capital markets for AI scale-out.
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EU Delays High-Risk AI Compliance to December 2027 Under Digital Omnibus
The EU’s Digital Omnibus package, which entered into force July 27, pushed high-risk AI compliance obligations from August 2, 2026 to December 2, 2027, while transparency rules remained on the original schedule.
Posted inMarkets
Anthropic Eyes $2 Trillion October IPO That Would Eclipse SpaceX as Largest Ever
Six Anthropic investors told the FT the AI lab is targeting $2 trillion in its October IPO, which would be the largest public offering in history.
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Apple Wins Beijing’s Clearance to Deploy Its Own AI Model in China
Apple has trained a China-specific large language model alongside Alibaba and received regulatory approval from Beijing — making it the first foreign company authorised to deploy proprietary AI on iPhones in mainland China.
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Google Gemini Crosses One Billion Monthly Users
Sundar Pichai announced on August 11 that the Gemini app has passed one billion monthly active users, making it the fastest-growing product in Google’s 28-year history.