AMD Data Center Revenue Doubles to $6.7B as Texas Pauses AI Data Center Grid Connections
AMD CEO Lisa Su reported that the company's data center revenue more than doubled year-over-year, reaching $6.7 billion in its latest earnings report, up from $5.8 billion in Q1 and jumping 107 percent from $3.2 billion in the same period a year ago, according to AMD's earnings call. The surge was driven by accelerating demand for AI compute capacity, while the gaming segment took a backseat as enterprise AI deployments continue to scale.
Texas Governor who previously touted the state as an AI "epicenter" has halted data center connections to the state's power grid amid overwhelming demand, reports Axios. The pause underscores growing tension between rapid AI infrastructure expansion and energy grid capacity, raising questions about whether power constraints could slow the pace of data center construction across the United States.
The Trump administration's framework for assessing cybersecurity risks posed by advanced AI is limited and vague, according to Axios, with voluntary guidelines that explicitly exclude open models from testing. The framework reportedly has no interest in evaluating models where anyone can download and inspect core components, leaving a significant gap in the administration's AI safety oversight.
WindBorne Systems has raised a $37 million Series B round to scale its weather balloons and AI forecasts, according to TechCrunch. The company aims to make AI-driven weather prediction both more accurate and commercially lucrative, leveraging atmospheric data collected by its balloon fleet to improve forecasting models that could serve industries from agriculture to logistics.
SpaceX has purchased $329 million worth of Tesla Megapacks so far this year, illustrating the deep interconnectedness of Elon Musk's corporate ecosystem, per Bloomberg. The battery purchases highlight how SpaceX's growing infrastructure demands, including facilities supporting satellite and launch operations, are being met through sibling company Tesla's energy storage products.
Circle reported Q2 revenue of $701 million, up 7 percent year-over-year but below the $712 million Wall Street estimate, with net income of $48 million versus the $43 million expected, according to Bloomberg. USDC circulation stood at $73.4 billion as of June 30, while the company's stock (CRCL) has fallen 20 percent year-to-date amid broader fintech market headwinds.
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