AMC stock surges after record revenue as CEO pushes back against 'prognosticators of doom'
AMC stock rises over 20% after record earnings report.
Read sourceArchived Trace edition
24 stories, distilled into 9 connected developments. This is the record of that day. The live Trace brief is ready now.
Today at Trace
Read the brief that is current now: the news, builds, and conversations worth your time.
24 stories · 12 connected topics
Singapore revises its annual growth forecast sharply higher on AI-related boost
No charge for 3 days · Cancel anytime.
The day in brief
Microsoft has announced a partnership with AMD to utilize its Helios AI system in Azure cloud services, marking a significant shift away from Nvidia. The Helios system, which will support advanced AI applications, is expected to ship later this year and is estimated to cost between $5 million and $5.5 million.
AI infrastructure startup Infinity has raised $15 million in funding from investors including Touring Capital and researchers from OpenAI and Anthropic. The company aims to challenge Nvidia's dominance by developing software that replicates CUDA capabilities, enabling AI models to operate on various chip types.
Marvel Studios has unveiled the first trailer for Avengers: Doomsday, the highly anticipated penultimate film in the MCU's Phase Six. The trailer highlights chaos unleashed by Doctor Doom, with Thor, portrayed by Chris Hemsworth, emerging as the key figure advocating for unity among heroes from multiple universes against this new threat.
Moonshot AI has launched the Kimi K3, the largest open-weight AI model to date, featuring an impressive 2.8 trillion parameters. This model employs a unique mixture-of-experts technique, activating only 16 out of 896 specialized sections at a time to optimize performance while addressing China's memory constraints amid chip export controls.
Alphabet is advancing its competitive stance against Nvidia and AMD by developing a new artificial intelligence accelerator specifically designed for specialized servers in cloud computing. This AI chip will directly integrate the software architecture of Google's Gemini AI model, enhancing its capabilities in the rapidly evolving AI landscape. Following this announcement, Google stock experienced a rise, contrasting with a decline in the Nasdaq composite index, indicating investor optimism about the company's strategic direction.
Apple's Sports app has been updated to version 4.2, significantly enhancing its soccer features by adding support for seven new leagues, including the Belgian Pro League and the Dutch Eredivisie. This update comes after the conclusion of the 2026 World Cup, as soccer fans can look forward to ongoing matches in the US and internationally. Additionally, the app will now display formations for most soccer leagues, allowing users to visualize starting lineups more effectively.
Joanna Stern reported finding 10 fake versions of her book, I Am Not a Robot, on Apple Books just days after its release, with new fakes appearing rapidly even after she had them removed. These AI-generated copies often feature misleading authors and publishers, with covers designed to mimic the original. Similarly, journalist Kashmir Hill discovered a fake biography of herself among thousands of AI-written biographies available on Amazon, highlighting a significant issue for authors as these counterfeits proliferate. The ease of creating such content, with one creator claiming he could generate a biography in just a few hours using ChatGPT, raises concerns about the integrity of digital publishing platforms.
Google is set to replace its classic emoji designs with the new 'Noto 3D' collection, which completely redesigns 3,977 characters. First previewed at The Android Show, the new collection shifts from a flat, cartoonish style to a more three-dimensional look, aligning closer to emojis used on iOS and Samsung devices. This change aims to enhance cross-platform communication, although it may dilute Google's unique software identity. The new emojis will debut on Pixel phones with the upcoming Android 17 update before rolling out across other Google products.
Jeff Bezos has invested in CuspAI, a British startup that recently announced a partnership with Nvidia and other industry leaders to discover new materials for semiconductors and clean energy. The startup raised $450 million in a funding round led by Kleiner Perkins and NEA, valuing it at $2.6 billion. CuspAI employs artificial intelligence to simulate material performance, significantly reducing the number of candidates for laboratory testing. The company is also expanding globally, opening an office in Singapore and growing teams across several countries.
The archive
AMC stock rises over 20% after record earnings report.
Read sourceAdobe's Indigo app adds generative AI features.
Read sourceTrace Pro
Get today's stories, useful builds, and conversations organized before you start scrolling.
Start your 3-day free trialNo charge for 3 days · Cancel anytime.
© 2026 Trace
Terra Innovatum's microreactors to power data centers in Latin America.
Read sourceTrace Pro
Get today's stories, useful builds, and conversations organized before you start scrolling.
Start your 3-day free trialNo charge for 3 days · Cancel anytime.
Adobe's Project Indigo app gains AI photo critique features.
Read sourceMicrosoft expands AI chip options with AMD partnership.
Read sourceYouTube updates monetization policies to combat low-quality AI content.
Read sourceInfinity secures $15M funding to challenge Nvidia's dominance.
Read sourceDr. Jill Lepore discusses the implications of AI on democracy.
Read sourceJetBlue secures Spirit's LaGuardia slots amid operational changes.
Read sourceUnited Imaging Intelligence adopts a cautious AI deployment strategy.
Read sourceMoonshot AI's Kimi K3 model launch draws significant attention.
Read sourceAMD's Helios system gains Microsoft as a key customer.
Read sourceArcher Aviation unveils military-capable Thunder aircraft.
Read sourceAlphabet develops a new AI chip for efficiency.
Read sourceU.S. administration moves towards restricting Chinese AI models.
Read sourceMoonshot's Kimi K3 AI model raises concerns in the US.
Read sourceAdobe introduces AI tools in Project Indigo camera app.
Read sourceHugging Face's infrastructure compromised by AI-driven cyberattack.
Read sourceAliExpress fined $625 million for DSA violations.
Read sourceMormon Church recruits influencers for social media outreach.
Read sourceSamsung's Galaxy Watch Ultra 2 leaks ahead of launch.
Read sourceDoorDash implements advanced caching for microservices efficiency.
Read sourceAI models exhibit stronger hiring biases than humans.
Read sourceUS health agencies to pilot AI tools from OpenAI and Anthropic.
Read source