Key Points: Paramount and Skydance have agreed to a $8 billion merger. The deal awaits approval from Shari Redstone, Paramount's controlling shareholder. Skydance will buy nearly 50% of class B shares for $4.5 billion and contribute $1.5 billion to reduce...
Key Points: AMD introduced the MI325X accelerator, which will be available in Q4 2024, and announced the MI350 and MI400 series for 2025 and 2026, respectively. AMD plans to release new AI chips annually to compete with Nvidia, which dominates 80% of the AI semiconductor market. The MI350 series will feature a new architecture and...
Key Points: The Australian stock market closed higher. The S&P/ASX 200 rose by 0.77%, led by gains in the financials, A-REITs, and utilities sectors. Pointsbet Holdings Ltd (ASX: PBH), Healius Ltd (ASX: HLS), and Austal Ltd (ASX: ASB) were among the top performers. Silver Lake Resources Ltd (ASX: SLR), Clinuvel Pharmaceuticals Ltd (ASX: CUV), and...
