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Bloomberg Tech

AMD Adds Data Center Technology and GM Slashes Jobs

Bloomberg Tech

Bloomberg

Tech News, Business News, Business, News

4.549 Ratings

🗓️ 19 August 2024

⏱️ 45 minutes

🧾️ Download transcript

Summary

Bloomberg's Caroline Hyde and Ed Ludlow break down AMD's $49 billion deal to buy server-maker ZT systems to fight back against Nvidia in the data center space. Plus, General Motors slashes software jobs after a big push to bolster its digital prowess, and sports streaming platform FuboTV continues to surge after rivals were blocked from launching the Venu Sports service a week before rollout.

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Transcript

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0:00.0

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and financial data experts committed to helping you maximize your every move.

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Visit Bloomberg.com slash Enterprise Data to learn more.

0:30.0

Bloomberg Audio Studios.

0:34.6

Podcasts, Radio News.

0:37.2

From the heart of where innovation, money and power collide in Silicon Valley and beyond.

0:45.0

This is Bloomberg Technology with Caroline Hyde and Ed Ludlow. Live from New York in San Francisco, this is Bloomberg Technology.

1:06.0

And it's M&A Monday, AMD to buy Server ZT Systems,

1:12.0

and it's to fight back against

1:13.4

NVIDIA in the data center space.

1:15.0

General Motors slashes software jobs

1:18.0

after a big push to bolster its digital prowess.

1:21.0

We have the Bloomberg exclusive and sports streaming platform

1:24.0

Fubo continues to surge after rivals were blocked from launching the venue

1:28.1

sports service a week before rollout. Let's get right to that AMD deal and piece of M&A. 4.9 billion dollar deal to acquire

1:37.0

server maker ZT. It's the best performing stock on the Philadelphia

1:41.8

Semiconductor Index, a gain of almost 3%,

1:44.7

but it was actually a pretty slow start with that news breaking this morning.

...

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