Amir Efrati

Source: The Information Intel shares rose 12% in after-hours trading after the company said revenue growth hit a 15-year high in the second quarter on the back of chip demand from AI customers. Intel’s data center and AI hardware unit grew 59% to $6.3 billion as central processing units, one of Intel’s longtime fortes, benefited from AI demand that relies on part on the chips. That includes AI agents, which use software tools to perform tasks over extended periods.

Source: The Information Advanced Micro Devices said Wednesday it would make an equity investment of “up to $5 billion” in Anthropic “in the future,” and the Claude AI maker would use AMD’s AI server chips starting next year. Anthropic has been steadily diversifying its AI server sources and is evaluating chips from other providers including startups and Microsoft, The Information has reported.

XAI’s decision to rent out spare server capacity, Meta’s launch of an AI agent for enterprises, and Anthropic’s move to develop AI server chips this year should have come as no surprise to anyone well versed in the history of the tech industry. Over time, big tech firms tend to creep into each other’s territory, seeking more room to grow. And since late 2024, we’ve charted how nine major tech firms have done exactly that, with our latest installment today.