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advanced micro device CEO Lisa Su defended the company’s lackluster outlook, telling CNBC on Wednesday that the chipmaker’s demand has increased over the past few months.Shares plunged 16% on Wednesday.”I can tell you from an insider that AI is accelerating at a pace I never imagined,” he told CNBC’s “Squawk on the Street,” adding that demand continues to outstrip computing needs.Su said AMD’s data center business accelerated from the fourth quarter to the first quarter, and demand for the company’s central processing units is “soaring” as companies rapidly ramp up computing for AI enterprise operations.The company’s fourth-quarter results on Tuesday…

California Governor Gavin Newsom and local legislators, state officials and advocates speak to announce the redrawing of California’s state legislative map and call for approval of a ballot measure, countering a similar move in Texas backed by US President Donald Trump, on August 14, 2025, in Los Angeles, California. Mike Blake | ReutersThe Supreme Court on Wednesday allowed California to use a new voter-approved congressional map that favored Democrats in this year’s elections, rejecting the state’s Republican Party and the Trump administration’s last-ditch appeal.None of the judges objected to the brief order.The justices had previously allowed Texas’ Republican-leaning map to…

President Trump emphasized his “extremely good” personal relationship with Xi Jinping, which is key to maintaining stable U.S.-China relations.Published February 4, 2026February 4, 2026Click here to share on social mediaShare 2shareUS President Donald Trump said he had an “excellent” phone call with Chinese President Xi Jinping, discussing issues including trade, energy, Taiwan, Iran and Russia’s war in Ukraine.Wednesday’s phone conversation came hours after Xi spoke with Russian President Vladimir Putin, in which the two sides pledged to strengthen ties amid a “turbulent” international environment.Recommended stories list of 3 itemsend of list”Everything is very positive,” President Trump said in a social…

oslo, norway Reuters — The son of Norway’s crown prince denied on Wednesday that a cellphone video showed the rape, as he broke down in tears during the first day of testimony in his rape and domestic violence trial. The incident has shaken up the beleaguered royal family. Marius Borg Højbi, 29, who joined the royal family when his mother Mette-Marit married Crown Prince Haakon in 2001, said growing up in the public eye from an early age led him to crave alcohol and sex. If convicted of the most serious of the 38 charges against him, he could face…

“We are more LGF than LFG.” Welcome to “Bay Area Style.” The kid at the front of the class sticks his hand out for every question, grinning at the existing knowledge that there is a correct answer. A boy who annoyingly, naturally and seamlessly excels at everything in life, from Shakespeare to Shanahan. He’s a leader on the playground, instigating the next haircut trend, eliciting laughs with every joke, and his name brings a special vibrancy around the school thanks to its rich family history (his older brother sat in the back of the bus). LGF. “Let’s go first,” explains…

Last year, Roblox announced open-source AI models that can generate 3D objects on the platform, allowing users to quickly design digital items such as furniture, vehicles, and accessories. The company says the tool, called Cube 3D, has helped users generate more than 1.8 million 3D objects since it was launched last March. The company on Wednesday launched an open beta of its much-anticipated 4D creation feature, which will allow creators to create fully functional, interactive objects, not just static 3D models. This feature has been in early access since November. Roblox says 4D creation adds an important new layer of…

Illustration of food on the checkout belt at Leclerc supermarket in Valence, France, April 4, 2025. Nicolas Guyonnet | AFP | Getty ImagesInflation in the euro zone fell to 1.7% in January, preliminary data from statistics agency Eurostat showed on Wednesday. Economists polled by Reuters had expected inflation to fall to 1.7% from 2% in December.Core inflation, which excludes the more volatile prices of energy, food, alcohol and tobacco, was 2.2% in January, down slightly from 2.3% in the year to December.The latest data shows that the key inflation rate is now below the European Central Bank’s 2% target, meaning…

AI startup Eleven Labs announced Wednesday that it has raised $500 million at a valuation of $11 billion, with an eye toward a possible IPO.Sequoia Capital led the round, with participation from existing backers Andreessen Horowitz and Iconiq, as well as new investors Lightspeed Venture Partners, Evantic Capital, and Bond. The raise more than triples the $3.3 billion valuation of Eleven Labs, which received a $180 million Series C in January 2025. Co-founder Matty Staniszewski said NVIDIA invested in the company in September.Founded in 2022, the London-based company initially developed AI text-to-speech models and has since expanded into areas such…

US Vice President J.D. Vance has proposed creating a new critical mineral trading bloc and adjusting price floors as Washington seeks to loosen China’s control over rare earth mineral production.Vance said Wednesday that the trade war over the past year has exposed how dependent most countries are on critical minerals that China has a monopoly on.Recommended stories list of 4 itemsend of list”We want our member countries to form a trade bloc among our allies and partners that expands production across the zone while guaranteeing access to U.S. industrial power,” Vance said at a meeting of foreign ministers at the…

Britain’s Jack Draper has revealed to Sky Sports that the “complicated” nature of his arm injury had left him “in a pinch”, but insisted he is now ready to compete and intends to defend his Indian Wells title.The British number one has played just one match since Wimbledon in July, with a bone bruise in his left arm that cut his 2025 season completely short and also ruled him out of last month’s Australian Open. The 24-year-old has been plagued by serious injuries in the past, missing six months of the 2023 season with a shoulder problem that required multiple…