Amy Morris

I'm Amy Morris.

A huge deal for advanced micro devices.

Meta platforms will deploy six gigawatts worth of data center gear based on processors from AMD.

It is a blockbuster deal that marks a win for the chip makers attempts to catch up with NVIDIA.

Bloomberg's Ed Ludlow.

Bloomberg's Ed Ludlow, the agreement is the latest step in a colossal spending spree by Meta.

Meta shares are little changed.

Shares of advanced micro devices are more than 7% higher.

The family of Nancy Guthrie is offering a reward of up to a million dollars for information leading to her recovery.

Savannah Guthrie made that announcement on Instagram.

The family is also donating a half million dollars to the National Center for Missing and Exploited Children, and the FBI is offering a reward of up to $100,000 for information in the case.

Fed Governor Lisa Cook warns the U.S.

central bank may not be able to counter rising unemployment driven by adoption of artificial intelligence.

Cook noted that it may take five to ten years for the impact of AI to appear in the economy-wide productivity statistics, and the Fed is already incorporating AI into its forecasts.

inflationary pressure fed governor lisa cook spoke at an event in washington fed governor christopher waller speaking at a separate event said that report overstated the potential impact on employment he says the central bank is moving toward a system-wide deployment of artificial intelligence across regional banks and its dc headquarters in my lifetime i have never seen a technological revolution quite like this

Waller spoke at a conference organized by the Boston Fed.

Chicago Fed President Austin Goolsbee says the Supreme Court's decision to strike down many of President Trump's global tariffs may cause more uncertainty for businesses, but could help cool inflation.

Goolsbee says inflation progress will not be determined by the number of months over which prices cool.

Consumer confidence ticked up in February on more upbeat prospects for the economy, incomes and job market.

The conference board's gauge rose to 91.2.