Updated Nov 14
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AMD says Meta is testing initial Helios racks, with broader deployment still ahead
AMD’s partnership update separates initial Helios racks installed for testing from existing Instinct production use. A custom GPU and later MI500-series and rack-scale systems remain future plans.
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Meta proposes $35 billion offerings alongside AI infrastructure investment
Meta’s October 26 plan combines proposed common-stock forward and preferred-stock offerings with a separate, uncertain future ATM program. Initial common sales do not give Meta proceeds, and chip-company interest is nonbinding.
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GitLab Cuts 14% of Staff in AI Pivot Despite Record 264 Million Revenue
GitLab is cutting 350 jobs and exiting 22 countries in a sweeping AI restructuring, even as the company reports $264 million in quarterly revenue with 23% growth. The move signals that even profitable dev-tool companies are reallocating resources toward AI-native features as agentic workloads reshape the developer landscape.
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