Shares of AMD rose more than 3% before the market opened.
AMD is buying server maker ZT Systems in a cash-and-stock deal worth $4.9 billion as the chipmaker strengthens its artificial intelligence capacity in its efforts to compete with Nvidia.A popular state bill could transform the AI industry. But two federal lawmakers from Silicon Valley don’t like itTrump falsely claims a crowd photo from Harris’ campaign rally in Detroit was created using AI
ZT Systems, based in Secaucus, New Jersey, is a privately held company that has designed and rolled out data center and storage infrastructure systems to cloud companies for more than a decade.
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