AMD Advancing AI, Google Q2 Earnings, OpenAI Plans $750B Cloud Spend | Diet TBPN

AMD held its Advancing AI event in San Francisco, its biggest AI day of the year, and the podcast team was on the ground. The episode covers a dense news cycle: AMD’s new hardware and partnerships, Google’s Q2 earnings and a debate over the health of its ad business, OpenAI’s staggering $750 billion cloud spending plan through 2030, and a handful of other developments from DeepSeek’s investor call to a Wall Street Journal story about a new wave of young search-fund millionaires.

AMD’s Advancing AI: MI450s, Anthropic, and Cerebras

The centerpiece of AMD’s event was the announcement of a new rack-scale AI system, Helios, powered by the MI450 accelerator. More concretely, AMD and Anthropic announced a partnership to deploy up to two gigawatts of AMD Instinct MI450s, a deal valued at roughly $5 billion. The collaboration extends beyond hardware procurement into the software stack, where Anthropic’s models are being used to speed up AMD’s ability to ramp new hardware. This is a long-standing question for AMD: can it close the software moat around Nvidia’s CUDA ecosystem? The hosts noted that some of that acceleration requires actual engineering work on closed-source packages, referencing an old interaction with George Hotz who was frustrated by “little bugs” and wound up working directly with AMD’s developer team. The takeaway is that the flywheel between hardware and software