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By Max A. Cherney (Reuters) -Intel announced on Tuesday a new artificial intelligence chip for the data center that it plans to launch next year, in a renewed push to break into the AI chip market. The new chip (GPU) will be optimized for energy efficiency and support a wide range of uses such as running AI applications, or inference, Intel Chief Technology Officer Sachin Katti said at the Open Compute Summit on Tuesday. "It emphasizes that focus that I talked about earlier, inference, optimized for AI, optimized, optimized for delivering the best token economics out there, the best performance per dollar out there," Katti said. The new chip, called Crescent Island, is the struggling U.S. chipmaker's latest attempt to capitalize on the frenzy in AI spending that has generated billions in revenue for AMD and Nvidia.  The company's plans trail behind competitors and represent the significant challenge Intel's executives and engineers face to capture a meaningful portion of the market for AI chips and systems. Intel CEO Lip-Bu Tan has vowed to restart the company's stalled AI efforts after the company effectively mothballed projects such as the Gaudi line of chips and Falcon Shores processor.  Crescent Island will feature 160 gigabytes of a slower form of memory than the high bandwidth memory (HBM) that is found on AMD and Nvidia's data center AI chips. The chip will be based on a design that Intel has used for its consumer GPUs. Intel did not disclose which manufacturing process Crescent Island would use. The company did not immediately respond to a request for comment. MIX AND MATCH Since the generative AI boom with the launch of OpenAI's ChatGPT in November 2022, startups and large cloud operators have rushed to grab GPUs that help run AI workloads on data center servers. The demand explosion has led to a supply crunch and sky-high prices for chips designed or suited for AI applications. Katti said at the San Jose trade show that the company would release new data center AI chips every year, which would match the annual cadence set by AMD, Nvidia and several of the cloud computing companies that make their own chips. Nvidia has dominated the market to build large AI models such as the one used for ChatGPT. Tan has said the company plans to focus its design efforts on building chips useful for running those AI models – which work behind the scenes to make AI software operate. "Instead of trying to build for every workload out there, our focus is increasingly going to be on inference," Katti said. Intel has taken an open and modular approach in which customers can mix and match chips from different vendors, Katti said. Nvidia said last month it would invest $5 billion in Intel, taking a roughly 4% stake and becoming one of its largest shareholders as part of a partnership to co-develop future PC and data center chips. The deal is part of Intel's effort to ensure that Intel's central processors (CPUs) are installed in every AI system that gets sold, Katti said.  (Reporting by Akash Sriram in Bengaluru and Max Cherney in San Francisco; Editing by Shilpi Majumdar and Stephen Coates)

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By Max A. Cherney (Reuters) -Intel announced on Tuesday a new artificial intelligence chip for the data center that it plans to launch next year, in a renewed push to break into the AI chip market. The new chip (GPU) will be optimized for energy efficiency and support a wide range of uses such as running AI applications, or inference, Intel Chief Technology Officer Sachin Katti said at the Open Compute Summit on Tuesday. "It emphasizes that focus that I talked about earlier, inference, optimized for AI, optimized, optimized for delivering the best token economics out there, the best performance per dollar out there," Katti said. The new chip, called Crescent Island, is the struggling U.S. chipmaker's latest attempt to capitalize on the frenzy in AI spending that has generated billions in revenue for AMD and Nvidia.  The company's plans trail behind competitors and represent the significant challenge Intel's executives and engineers face to capture a meaningful portion of the market for AI chips and systems. Intel CEO Lip-Bu Tan has vowed to restart the company's stalled AI efforts after the company effectively mothballed projects such as the Gaudi line of chips and Falcon Shores processor.  Crescent Island will feature 160 gigabytes of a slower form of memory than the high bandwidth memory (HBM) that is found on AMD and Nvidia's data center AI chips. The chip will be based on a design that Intel has used for its consumer GPUs. Intel did not disclose which manufacturing process Crescent Island would use. The company did not immediately respond to a request for comment. MIX AND MATCH Since the generative AI boom with the launch of OpenAI's ChatGPT in November 2022, startups and large cloud operators have rushed to grab GPUs that help run AI workloads on data center servers. The demand explosion has led to a supply crunch and sky-high prices for chips designed or suited for AI applications. Katti said at the San Jose trade show that the company would release new data center AI chips every year, which would match the annual cadence set by AMD, Nvidia and several of the cloud computing companies that make their own chips. Nvidia has dominated the market to build large AI models such as the one used for ChatGPT. Tan has said the company plans to focus its design efforts on building chips useful for running those AI models – which work behind the scenes to make AI software operate. "Instead of trying to build for every workload out there, our focus is increasingly going to be on inference," Katti said. Intel has taken an open and modular approach in which customers can mix and match chips from different vendors, Katti said. Nvidia said last month it would invest $5 billion in Intel, taking a roughly 4% stake and becoming one of its largest shareholders as part of a partnership to co-develop future PC and data center chips. The deal is part of Intel's effort to ensure that Intel's central processors (CPUs) are installed in every AI system that gets sold, Katti said.  (Reporting by Akash Sriram in Bengaluru and Max Cherney in San Francisco; Editing by Shilpi Majumdar and Stephen Coates)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

By Max A. Cherney (Reuters) -Intel announced on Tuesday a new artificial intelligence chip for the data center that it plans to launch next year, in a renewed push to break into the AI chip market. The new chip (GPU) will be optimized for energy efficiency and support a wide range of uses such as running AI applications, or inference, Intel Chief Technology Officer Sachin Katti said at the Open Compute Summit on Tuesday. "It emphasizes that focus that I talked about earlier, inference, optimized for AI, optimized, optimized for delivering the best token economics out there, the best performance per dollar out there," Katti said. The new chip, called Crescent Island, is the struggling U.S. chipmaker's latest attempt to capitalize on the frenzy in AI spending that has generated billions in revenue for AMD and Nvidia.  The company's plans trail behind competitors and represent the significant challenge Intel's executives and engineers face to capture a meaningful portion of the market for AI chips and systems. Intel CEO Lip-Bu Tan has vowed to restart the company's stalled AI efforts after the company effectively mothballed projects such as the Gaudi line of chips and Falcon Shores processor.  Crescent Island will feature 160 gigabytes of a slower form of memory than the high bandwidth memory (HBM) that is found on AMD and Nvidia's data center AI chips. The chip will be based on a design that Intel has used for its consumer GPUs. Intel did not disclose which manufacturing process Crescent Island would use. The company did not immediately respond to a request for comment. MIX AND MATCH Since the generative AI boom with the launch of OpenAI's ChatGPT in November 2022, startups and large cloud operators have rushed to grab GPUs that help run AI workloads on data center servers. The demand explosion has led to a supply crunch and sky-high prices for chips designed or suited for AI applications. Katti said at the San Jose trade show that the company would release new data center AI chips every year, which would match the annual cadence set by AMD, Nvidia and several of the cloud computing companies that make their own chips. Nvidia has dominated the market to build large AI models such as the one used for ChatGPT. Tan has said the company plans to focus its design efforts on building chips useful for running those AI models – which work behind the scenes to make AI software operate. "Instead of trying to build for every workload out there, our focus is increasingly going to be on inference," Katti said. Intel has taken an open and modular approach in which customers can mix and match chips from different vendors, Katti said. Nvidia said last month it would invest $5 billion in Intel, taking a roughly 4% stake and becoming one of its largest shareholders as part of a partnership to co-develop future PC and data center chips. The deal is part of Intel's effort to ensure that Intel's central processors (CPUs) are installed in every AI system that gets sold, Katti said.  (Reporting by Akash Sriram in Bengaluru and Max Cherney in San Francisco; Editing by Shilpi Majumdar and Stephen Coates)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

By James Oliphant WASHINGTON (Reuters) -The U.S. Justice Department said on Tuesday that Meta had complied with its request to take down a page on its Facebook platform that the agency said was being used to harass ICE agents in Chicago. In a post on X, Attorney General Pam Bondi said the page was part of an effort to "dox and target" the approximately 200 Immigration and Customs Enforcement officers who have descended on the city as part of President Donald Trump's immigration enforcement drive. Doxxing is the sharing of personal information about people online. A spokesperson for Meta confirmed that the company had removed the page from the Facebook platform for "violating our policies against coordinated harm." Neither Meta nor the DOJ provided more information on the page, and Reuters was unable to review it. Apple earlier this month removed apps that allowed users to track the movements of ICE agents following pressure from the Trump administration. Google also has made similar apps unavailable. The administration has threatened to prosecute makers of the tracking apps. ICE has been central to Trump's hardline immigration agenda. Its agents have regularly raided and arrested migrants, and rights advocates say free speech and due process are often being infringed. The administration has asserted that left-wing protesters have been regularly harassing and interfering with ICE agents. Bondi did not provide evidence in her post on X of specific incidents connected to the Facebook page. Meta and other tech firms have been trying to mend their relationship with Trump since he won reelection in November. The company contributed $1 million to the president's inaugural fund and scrapped its diversity and fact-checking programs.  Meta also agreed to pay Trump $25 million to settle a lawsuit over the suspension of his accounts after the January 6, 2021 U.S. Capitol attack.  The ICE presence in Chicago has been resisted by the city's Democratic mayor, Brandon Johnson, and Illinois' Democratic governor, JB Pritzker. Earlier this month, Johnson signed an order prohibiting ICE agents from using city-owned property as staging areas for operations, and local businesses have posted signs declaring their premises off-limits to ICE. (Reporting by James Oliphant; editing by Donna Bryson and Rosalba O'Brien)

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By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -Bitcoin and ether tumbled on Tuesday as U.S.-China tension ramped up, wiping out a rally the day before that was fueled by President Donald Trump's conciliatory trade remarks. The U.S. and China on Tuesday began charging additional port fees on ocean shipping firms that move everything from holiday toys to crude oil, making the high seas a key front in the trade war between the world's two largest economies. In afternoon trading, bitcoin fell to as low as $110,023.78 and was last down 2.3% at $113,129. The world's largest cryptocurrency hit a record high above $126,000 on October 6. Ether, the second-biggest digital currency, slid to a trough of $3,900.80 and was last down 3.7% at $4,128.47. Last Friday, it dropped 12% from the day's high to a low of $3,436.29. Altcoins, a term for all cryptocurrencies other than market-leader bitcoin, bore the brunt of the move, with many falling 80% on some exchanges, analysts said. Exchanges amplified Friday's selloff by automatically forcing some leveraged investors to close their positions after their collateral fell below certain thresholds, analysts said. "As long as China's relationship with the U.S. is shaky and stocks too concentrated in tech, crypto will be struggling as it tends to enjoy good times when other established assets are holding up well," said Juan Perez, director of trading at Monex USA in Washington. "But when the fundamentals are not great, crypto struggles to find a base for its value whether it's bitcoin or ether." Tuesday's price action came days after the crypto market experienced the largest liquidations in history, with more than $19 billion wiped out across leveraged positions late on Friday. The crash came after Trump said he would impose 100% tariffs on Chinese imports, in response to China announcing a major expansion of its rare earths export controls. (Reporting by Gertrude Chavez-Dreyfuss; Editing by Michelle Price and Lisa Shumaker)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -Bitcoin and ether tumbled on Tuesday as U.S.-China tension ramped up, wiping out a rally the day before that was fueled by President Donald Trump's conciliatory trade remarks. The U.S. and China on Tuesday began charging additional port fees on ocean shipping firms that move everything from holiday toys to crude oil, making the high seas a key front in the trade war between the world's two largest economies. In afternoon trading, bitcoin fell to as low as $110,023.78 and was last down 2.3% at $113,129. The world's largest cryptocurrency hit a record high above $126,000 on October 6. Ether, the second-biggest digital currency, slid to a trough of $3,900.80 and was last down 3.7% at $4,128.47. Last Friday, it dropped 12% from the day's high to a low of $3,436.29. Altcoins, a term for all cryptocurrencies other than market-leader bitcoin, bore the brunt of the move, with many falling 80% on some exchanges, analysts said. Exchanges amplified Friday's selloff by automatically forcing some leveraged investors to close their positions after their collateral fell below certain thresholds, analysts said. "As long as China's relationship with the U.S. is shaky and stocks too concentrated in tech, crypto will be struggling as it tends to enjoy good times when other established assets are holding up well," said Juan Perez, director of trading at Monex USA in Washington. "But when the fundamentals are not great, crypto struggles to find a base for its value whether it's bitcoin or ether." Tuesday's price action came days after the crypto market experienced the largest liquidations in history, with more than $19 billion wiped out across leveraged positions late on Friday. The crash came after Trump said he would impose 100% tariffs on Chinese imports, in response to China announcing a major expansion of its rare earths export controls. (Reporting by Gertrude Chavez-Dreyfuss; Editing by Michelle Price and Lisa Shumaker)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -Bitcoin and ether tumbled on Tuesday as U.S.-China tension ramped up, wiping out a rally the day before that was fueled by President Donald Trump's conciliatory trade remarks. The U.S. and China on Tuesday began charging additional port fees on ocean shipping firms that move everything from holiday toys to crude oil, making the high seas a key front in the trade war between the world's two largest economies. In afternoon trading, bitcoin fell to as low as $110,023.78 and was last down 2.3% at $113,129. The world's largest cryptocurrency hit a record high above $126,000 on October 6. Ether, the second-biggest digital currency, slid to a trough of $3,900.80 and was last down 3.7% at $4,128.47. Last Friday, it dropped 12% from the day's high to a low of $3,436.29. Altcoins, a term for all cryptocurrencies other than market-leader bitcoin, bore the brunt of the move, with many falling 80% on some exchanges, analysts said. Exchanges amplified Friday's selloff by automatically forcing some leveraged investors to close their positions after their collateral fell below certain thresholds, analysts said. "As long as China's relationship with the U.S. is shaky and stocks too concentrated in tech, crypto will be struggling as it tends to enjoy good times when other established assets are holding up well," said Juan Perez, director of trading at Monex USA in Washington. "But when the fundamentals are not great, crypto struggles to find a base for its value whether it's bitcoin or ether." Tuesday's price action came days after the crypto market experienced the largest liquidations in history, with more than $19 billion wiped out across leveraged positions late on Friday. The crash came after Trump said he would impose 100% tariffs on Chinese imports, in response to China announcing a major expansion of its rare earths export controls. (Reporting by Gertrude Chavez-Dreyfuss; Editing by Michelle Price and Lisa Shumaker)

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By Suzanne McGee (Reuters) -Investors are directing money into U.S.-based exchange-traded funds at a rapid clip, pushing inflows so far this year across the $1 trillion line, State Street Investment Management said on Tuesday. That puts U.S. ETF inflows on pace to set a new annual record of as much as $1.4 trillion by the end of 2025, State Street said, with virtually every category benefitting from the torrent of new cash as investors continue to yank money out of traditional mutual funds in favor of lower-cost and more liquid ETFs. "Any market correction might slow the pace but it wouldn't halt the trend," said Matthew Bartolini, global head of research strategists at State Street. Last year, ETF flows reached the $1 trillion mark on December 11, State Street said, marking the first year they hit that threshold. This year, the breakneck pace has accelerated, with investors steering money into everything from low-cost, plain-vanilla ETFs tied to the Standard & Poor's 500 Index to cryptocurrencies and gold, Bartolini said. Overall, assets in the U.S. ETF industry stood at $12.7 trillion at the end of September after 41 straight months of net inflows, according to data released on Tuesday from industry analysis firm ETFGI. Year-to-date, the pace of asset growth stands at nearly 23%, ETFGI said. Crossing the $1 trillion mark in flows "underscores the need for accelerating innovation, expanding market access and scaling education," said Elise Terry, head of U.S. iShares at BlackRock, the single-largest global ETF issuer. Michael Venuto, chief investment officer of Tidal Financial Group, a provider of ETFs, said the outflow of assets from mutual funds will continue to propel ETF inflows higher. Mutual fund outflows totaled $481 billion in the first nine months of 2025, according to data from Morningstar. "What's happening is impressive because it's continuing at a time when there's growing uncertainty in the markets," Venuto said. "But we're having discussions daily" with asset managers hoping to launch new ETFs or convert existing mutual funds into ETFs, he said. (Reporting by Suzanne McGee in Providence, Rhode Island; Editing by Megan Davies and Matthew Lewis)

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(Reuters) -Netflix said on Tuesday it will add a slate of Spotify's most popular video podcasts to its service from early 2026, part of a new distribution partnership aimed at broadening the streaming giant's entertainment lineup and drawing new audiences. The initial lineup will feature shows such as "The Dave Chang Show" and "The Bill Simmons Podcast," but will not include "The Joe Rogan Experience," Spotify's most-listened-to podcast globally. The expansion underscores Netflix's push to diversify beyond scripted series, films and reality programming by tapping into the growing appeal of audio-visual podcast formats. For Spotify, the partnership is expected to extend the reach of its creators by tapping Netflix's large global subscriber base. The financial terms of the deal were not announced. "As video podcasts continue to grow in popularity, our partnership with Spotify allows us to bring full video versions of these top shows to both Netflix and Spotify audiences," said Lauren Smith, vice president of content licensing and programming strategy at Netflix. Netflix said the video podcast offering will debut in the United States in early 2026, with a wider international rollout to follow. The curated slate will span sports, culture and true crime, including "The Zach Lowe Show," "The Rewatchables," "The Big Picture" and "Serial Killers." "This offers more choice to creators and unlocks a completely new distribution opportunity," said Roman Wasenmüller, vice president, head of podcasts at Spotify. (Reporting by Harshita Mary Varghese in Bengaluru; Editing by Tasim Zahid)

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(Reuters) -Walmart said on Tuesday it was partnering with OpenAI to enable customers and Sam's Club members to shop directly within ChatGPT, using the AI chatbot's Instant Checkout feature. Shares of the company rose 5% to $107.21 at market close following the announcement. The world's largest retailer is expanding its use of artificial intelligence as companies across sectors adopt the technology to simplify tasks and cut costs. Walmart has announced AI tools, including generative AI-powered 'Sparky,' which is available on its app to assist customers with product suggestions or summarizing product reviews, among other options. The company's growing investment in AI is also aimed at closing the gap with online behemoth Amazon, which had a head start with its chatbot, Rufus, a Gen AI-powered shopping assistant that answers various shopping queries. Walmart's tie-up with the ChatGPT-maker follows a similar partnership OpenAI announced last month with Etsy and Shopify. About 15% of total referral traffic for Walmart in September was from ChatGPT, up from 9.5% in August, data from SimilarWeb showed.  However, referrals are only a minor source of traffic and ChatGPT referrals accounted for less than 1% of total web traffic for Walmart, the research firm said. (Reporting by Sanskriti Shekhar and Neil J Kanatt in Bengaluru; Editing by Tasim Zahid and Shreya Biswas)

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