David Gurra

We just don't know what that threshold is.

It continues to evolve, and we know that you'll always have the story, but most Lucas Shaw, thank you so much.

And coming up, more on Meta and AMD's multi-billion dollar deal as the race to power AI intensifies, and AMD up 7%, coming off of those previous highs.

Yup, and then Meta flatters a pancake.

Much more to come.

It is halftime, this is Bloomberg Tech.

Welcome back to Bloomberg Tech.

We're continuing to track the impact of AI on legacy software, essentially.

Lots of names actually moving to the upside.

The story is anthropic and basically taking its clawed AI agent and linking it in a platform for everything from HR, investment, banking, documents.

And that is pushing a lot of names higher.

IBM is up 4%, but remember yesterday, Monday, it fell by the most since 2000 when it said that Clawded could be used basically to improve, archive, change, update COBOL coding bases, a program that was invented in 1959.

Otherwise, our top story is a deal between AMD and Meta.

Six gigawatts of capacity over the balance of the decade.

Largely focused in the first instance on AMD's latest accelerator and the server that it's based on, MI450.

But this is basically $60 billion of potential revenue for AMD over that time period.

The stock up more than 7%.

Meta is traded flat, but I guess that it's hard to gauge if this makes any difference to Meta at all, given its existing spending commitments.

Caro.

Well, someone's been writing on just that, Ed.