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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
AMD launched its first rack-scale AI system, Helios, which will be deployed by Microsoft in its Azure data centers to compete with Nvidia. Following this, Cerebras shares rose due to a technical partnership with AMD. Additionally, Core Scientific secured a deal with AMD for 2.5 gigawatts of data-center capacity, expected to generate over $14 billion in revenue. This significant partnership helped offset Core Scientific's wider-than-expected quarterly loss.