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Microsoft’s next-gen AI chip production delayed to 2026, The Information reports
When the chip, code-named Braga, goes into production, it is expected to fall well short of the performance of Nvidia’s Blackwell chip that was released late last year, the report said. Microsoft had hoped to use the Braga chip in its data centers this year, the report said, adding that unanticipated changes …. Read More >>

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California legislature acts to keep film and TV production at home
(Reuters) -Hollywood’s home state of California will more than double annual tax incentives for film and television production to $750 million under a measure passed by the Democratic-led legislature on Friday.The increase from the current $330 million was approved as part of a broader tax bill that is expect …. Read More >>

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OpenAI turns to Google’s AI chips to power its products, The Information reports
The move, which marks the first time OpenAI has used non-Nvidia chips in a meaningful way, shows the Sam Altman-led company’s shift away from relying on backer Microsoft’s data centers, potentially boosting Google’s tensor processing units (TPUs) as a cheaper alternative to Nvidia’s graphics processing units …. Read More >>

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Trump says he wants interest rate cut to 1%, would ‘love’ if Powell resigned
WASHINGTON (Reuters) -U.S. President Donald Trump said on Friday he would “love” if Federal Reserve Chair Jerome Powell were to resign, and the president also said he wanted interest rates cut to 1%.KEY QUOTES”I’d love him to resign if he wanted to, he’s done a lousy job,” Trump said, also labeling the Fed ch …. Read More >>

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Trump says he wants interest rate cut to 1%, would ‘love’ if Powell resigned

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Trump says he wants interest rate cut to 1%, would ‘love’ if Powell resigned

Microsoft to cut about 4% of jobs amid hefty AI bets

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