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Treasury Department unveils draft of Trump coin

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Treasury Department unveils draft of Trump coin

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Oct. 6, 2025, 9:18 AM EDTBy ReutersSAN FRANCISCO — AMD said on Monday it will supply artificial intelligence chips to OpenAI in a multi-year deal that would bring in tens of billions of dollars in annual revenue and give the ChatGPT creator the option to buy up to roughly 10% of the chipmaker.The deal offers OpenAI an opportunity to take a stake in one of Nvidia’s most formidable rivals and is a powerful endorsement of Advanced Micro Devices’ (AMD‘s) AI chips and software.“We view this deal as certainly transformative, not just for AMD, but for the dynamics of the industry,” AMD executive vice president Forrest Norrod told Reuters on Sunday.The agreement covers the deployment of hundreds of thousands of AMD‘s AI chips, or graphics processing units (GPUs), equivalent to six gigawatts, over several years beginning in the second half of 2026.AMD said OpenAI would build a one-gigawatt facility based on its forthcoming MI450 series of chips beginning next year, and that it would begin to recognize revenue then.AMD executives expect the deal to net tens of billions of dollars in annual revenue. Because of the ripple effect of the agreement, AMD expects to receive more than $100 billion in new revenue over four years from OpenAI and other customers, they said.“Other people are going to come along with it because this is really the pioneer, a pioneer in the industry that has a lot of influence over the broader ecosystem,” AMD strategy chief Mat Hein said.The deal with AMD will help OpenAI build enough AI infrastructure to meet its needs, OpenAI CEO Sam Altman said in a statement.Analysts, on average, estimate AMD will generate revenue of $32.78 billion this year, according to LSEG data.As part of the arrangement, AMD issued a warrant that gives OpenAI the ability to buy up to 160 million shares of AMD for 1 cent each over the course of the chips deal. The warrant vests in tranches based on milestones that the two companies have agreed on.The first tranche will vest after the initial shipment of MI450 chips set for the second half of 2026. The remaining milestones include specific AMD stock price targets that escalate to $600 a share for the final installment of stock to unlock.AMD has 1.62 billion shares outstanding and is valued at $267.23 billion, according to LSEG data. Its shares closed on Friday at $164.67.OpenAI has a valuation of $500 billion.OpenAI wants more GPUsOpenAI has worked with AMD for years, providing inputs on the design of older generations of AI chips such as the MI300X.The San Francisco-based AI company has been taking a number of steps to ensure it has the chips needed for its future needs.In September, Nvidia announced an investment of up to $100 billion in OpenAI that included a plan to supply at least 10 gigawatts worth of Nvidia systems. The plan includes OpenAI deploying a gigawatt of Nvidia’s next-generation Vera Rubin chips in late 2026.In addition to using Nvidia hardware, cloud computing giants such as Alphabet’s GOOGL.O Google and Amazon AMZN.O build their own in-house processors. Similarly, OpenAI is in the process of developing its own silicon for AI use and has partnered with Broadcom AVGO.O, Reuters reported last year.OpenAI and its main backer Microsoft also announced last month that they had signed a non-binding agreement to restructure OpenAI into a for-profit entity, signaling further changes in the governance of the fast-growing AI company.A person familiar with the matter said the deal with AMD does not change any of OpenAI’s ongoing compute plans, including that effort or its partnership with Microsoft.ReutersReuters

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Sept. 28, 2025, 11:48 PM EDTBy Dennis RomeroThe person accused in a fatal shooting and fire Sunday at a Church of Jesus Christ of Latter-day Saints in Grand Blanc Township, Michigan, is a 40-year-old area man with a military background.Thomas Jacob Sanford, 40, is from Burton, a city of nearly 30,000 people roughly 6 miles from Grand Blanc Township. Both are suburbs of Flint.Police said the attacker rammed the church with a vehicle, got out and opened fire with an assault rifle. Grand Blanc Township Police Chief William Renye said he also used an accelerant to start a fire, which was later contained.Follow live updates here.At least four people were killed in the attack, two of whom were shot, and eight were injured.Officers killed Sanford in a parking lot behind the church, police said.The FBI’s special agent in charge for Michigan, Reuben Coleman, said Sunday night that the bureau is looking for a motive.“The FBI is now leading the investigation and is investigating this as an act of targeted violence,” he said.Thomas Jacob Sanford.HandoutSanford joined the Marine Corps in 2004, according to Marine records, and held the titles of organizational automotive mechanic and vehicle recovery operator.In 2007, he started a nearly seven-month deployment under Operation Iraqi Freedom and left the corps a few months later, the records show.Sanford achieved the rank of sergeant and had his last duty assignment at Camp Lejeune in North Carolina before he left the Marines in June 2008, according to the records.He was awarded the Marine Corps Good Conduct Medal, the Sea Service Deployment Ribbon, the Iraq Campaign Medal, the Global War on Terrorism Service Medal and the National Defense Service Medal, the records show.Drone video shows Michigan church on fire after shooting00:18A 2007 article in the Clarkston News, a publication in the village of Clarkston, about 20 miles southeast of Grand Blanc Township, said Sanford graduated in 2003 from Goodrich High School, about 12 miles east of the shooting site.Goodrich Area Schools officials did not immediately respond to a request to confirm Sanford’s attendance and graduation from the high school.At the time, according to the article, Sanford was soon to be deployed to Fallujah, Iraq.“I’m looking forward to seeing the culture and the people of Iraq,” Sanford is quoted as saying. “I’ll return with the real news of the situation.”The article says a grandfather served in the Navy and an uncle served in the Marines, both in World War II. His father, Thomas Sanford, is quoted as saying: “Jake’s going voluntarily and plans on returning to his community when his service is over. We are very proud of him.”Thomas Jacob Sanford appeared to have a young child, according to a review of a Facebook page belonging to a woman believed to be his wife.A voicemail message left for a phone number listed for his parents was not returned. Attempts to reach his wife were unsuccessful.Dennis RomeroDennis Romero is a breaking news reporter for NBC News Digital.Donna Mendell, Jean Lee, Sheena Jones, Courtney Kube and Mosheh Gains contributed.

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Oct. 7, 2025, 6:10 PM EDTBy Denise ChowA mysterious interstellar comet — just the third such object ever confirmed to have entered our solar system — streaked past Mars last week.A spacecraft in orbit around the red planet had a front-row seat and snapped new images of the comet, known as 3I/ATLAS, on Friday. The photos, released Tuesday by the European Space Agency, show a fuzzy white dot moving against the vast expanse of space.

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