# AMD takes on Nvidia, US takes on Chinese AI models and AI spending still spooks investors > Source: > Published: 2026-07-24 13:45:56+00:00 ### AMD takes on Nvidia, US takes on Chinese AI models and AI spending still spooks investors Maybe Nvidia ultimately won’t win the *entire* AI enchilada, even as it reminded everyone this week that it [offers everything](https://siliconangle.com/2026/07/21/nvidia-doubles-ai-factories-showcases-massive-vera-rubin-performance-gains/) you need to build AI factories. This week, Advanced Micro Devices also [announced](https://siliconangle.com/2026/07/23/amd-debuts-next-generation-ai-infrastructure-frontier-models-agentic-workloads-autonomous-robots/) a raft of new graphics processing units, central processing units and other processors for physical AI and robotics. Nvidia may need to look over its shoulder, but it’s still the king, and looks stronger than ever. As theCUBE Research’s Dave Vellante [noted](https://siliconangle.com/2026/07/18/amds-next-reinvention-new-playbook-ai-era/), AMD CEO Lisa Su engineered an incredible turnaround, but this next one requires an entirely new kind of reinvention. The entire AI industry is also looking over its shoulder as Chinese models continue to surprise with their frontier-level capabilities — this week from [Alibaba](https://siliconangle.com/2026/07/19/alibaba-previews-qwen3-8-claims-second-claude-fable-5/), for one. And the AI code repository Hugging Face also [employed](https://siliconangle.com/2026/07/20/hugging-face-uses-open-weights-z-ai-glm-5-2-defend-attacker-commercial-frontier-model-refusal/) China’s Z.ai model to battle attackers after U.S. models didn’t allow it. Meantime, OpenAI said its own AI models broke out of testing and [hacked](https://siliconangle.com/2026/07/21/openai-says-ai-models-broke-testing-hacked-hugging-face/) Hugging Face, and U.S. lawmakers are [proposing](https://siliconangle.com/2026/07/23/lawmakers-call-kill-switch-rogue-ai-causes-alarm/) a “kill switch” for such situations. Anyway, the government is looking askance at the rise of Chinese models, accusing Moonshot AI of “distilling” other models to power its latest Kimi model that debuted last week. And it [may crack down](https://siliconangle.com/2026/07/21/u-s-treasury-secretary-bessent-threatens-sanctions-chinese-ai-model-makers/) on Chinese model makers — though many people, including Microsoft CEO Satya Nadella, think the charges of distillation [ring a bit hollow](https://x.com/haider1/status/2079945859790410075). Investors remain unconvinced that AI will pay off for big tech companies. Alphabet had quite an impressive [quarter](https://siliconangle.com/2026/07/22/alphabets-stock-sinks-bumps-ai-infrastructure-spending-yet/), but its stock fell almost 15% Thursday, and Tesla’s shares fell almost 7%, on rising worries about all the costs of chasing the AI boom. IBM’s in a bit of a different pickle, as CEO Arvind Krishna again [noted](https://siliconangle.com/2026/07/22/ibm-cuts-outlook-software-mainframe-weakness-weighs-results/) that despite rising AI business, the company didn’t have the products customers wanted, and its shares are down about 30% on the year. Others fared better, even if investors were still wary. Thanks to the demand for CPUs for running AI models, Intel [crushed](https://siliconangle.com/2026/07/23/intel-posts-highest-rate-revenue-growth-15-years-crushing-expectations-latest-results/) its second quarter. And even SAP, still laboring under fears that AI will crush enterprise software, had a big [earnings beat](https://siliconangle.com/2026/07/23/sap-shrugs-off-ai-eating-software-fears-big-earnings-beat/). Two more big tech earnings weeks are coming up that will shed further light on whether the AI push is paying off — next week headlined by Microsoft, Meta, Amazon and Apple, the following week including AMD, Palantir and many others. This column will be on vacation for the next two weeks, returning Aug. 14. Enjoy the summer! But our reporters and analysts will be posting as usual throughout, so you can always see the latest on [SiliconANGLE.com](http://www.siliconangle.com). Here’s all of this week’s enterprise and emerging-tech news and analysis from SiliconANGLE, theCUBE Research and beyond: ### Analysis, opinion and food for thought [Why the next battle for technology IPOs begins years before companies go public](https://siliconangle.com/2026/07/20/next-battle-technology-ipos-begins-years-companies-go-public/) Mark Zuckerberg [launches](https://www.axios.com/2026/07/23/mark-zuckerberg-ai-optimism) AI optimism campaign *He’s got to be kidding, right?* [Understanding the AI economy:](https://blog.google/innovation-and-ai/technology/research/understanding-the-ai-economy/) Latest study from Google [says](https://www.wsj.com/tech/ai/google-study-says-ai-is-helping-workers-not-replacing-them-4b7bba39?st=atMTSb&reflink=desktopwebshare_permalink) AI is helping workers, not replacing them Data centers [expected](https://techcrunch.com/2026/07/21/data-centers-expected-to-use-4x-more-electricity-by-2035/) to use 4x more electricity by 2035 ### AI and data: China’s AI models put US on edge #### Policy [Senior White House official accuses Moonshot AI of copying Anthropic’s leading frontier model](https://siliconangle.com/2026/07/23/senior-white-house-official-accuses-moonshot-ai-copying-anthropics-leading-frontier-model/) [US Treasury Secretary Bessent threatens sanctions against Chinese AI model makers](https://siliconangle.com/2026/07/21/u-s-treasury-secretary-bessent-threatens-sanctions-chinese-ai-model-makers/) [Lawmakers call for a ‘kill switch’ after rogue AI causes alarm](https://siliconangle.com/2026/07/23/lawmakers-call-kill-switch-rogue-ai-causes-alarm/) [Anthropic settles with authors and publishers for $1.5B in landmark copyright case](https://siliconangle.com/2026/07/20/anthropic-settles-authors-publishers-1-5-billion-landmark-copyright-case/) #### New models and services [OpenAI launches Health in ChatGPT a day after lawsuit seeks to block it](https://siliconangle.com/2026/07/23/openai-launches-health-chatgpt-day-lawsuit-seeks-block/) [Google expands Gemini with cheaper models and a bug-hunter it keeps on a leash](https://siliconangle.com/2026/07/21/google-expands-gemini-cheaper-models-bug-hunter-keeps-leash/) [Alibaba previews Qwen3.8, claims it’s second only to Claude Fable 5](https://siliconangle.com/2026/07/19/alibaba-previews-qwen3-8-claims-second-claude-fable-5/) [Cisco releases Antares, open-weight small models for locating code vulnerabilities](https://siliconangle.com/2026/07/21/cisco-releases-antares-open-weight-small-models-locating-code-vulnerabilities/) [Databricks and Microsoft expand Azure partnership into the 2030s](https://siliconangle.com/2026/07/23/databricks-microsoft-expand-azure-partnership-2030s/) [OpenAI introduces Presence to help enterprises build AI agents](https://siliconangle.com/2026/07/22/openai-introduces-presence-help-enterprises-build-ai-agents/) [Block launches Buzz, an open-source workspace for humans and AI agents](https://siliconangle.com/2026/07/21/block-launches-buzz-open-source-workspace-humans-ai-agents/) [Harness launches Agent DLC for developers to deploy AI agents using familiar processes and tools](https://siliconangle.com/2026/07/21/harness-launches-agent-dlc-developers-deploy-ai-agents-using-familiar-processes-tools/) [WekaIO revamps its AI data storage platform and unveils its first hardware for agentic workloads](https://siliconangle.com/2026/07/21/wekaio-revamps-ai-data-storage-platform-unveils-first-hardware-agentic-workloads/) [Exclusive: Speakeasy service tracks enterprise-wide AI agent spending](https://siliconangle.com/2026/07/21/speakeasy-service-tracks-enterprise-wide-ai-agent-spending/) [ShelterZoom subsidiary Mithra launches AI ‘trust infrastructure’ platform](https://siliconangle.com/2026/07/20/shelterzoom-subsidiary-mithra-launches-ai-trust-infrastructure-platform/) #### Money matters [AI materials science startup CuspAI raises $450M in funding](https://siliconangle.com/2026/07/20/ai-materials-science-startup-cuspai-raises-450m-funding/) Stripe [reportedly](https://www.wsj.com/tech/ai/stripe-in-talks-to-buy-buzzy-ai-model-marketplace-openrouter-decc6a74?st=VZPrDL&reflink=desktopwebshare_permalink) in talks to buy buzzy AI model marketplace OpenRouter Sierra [acquires](https://runtimewire.com/article/sierra-acquires-takeoff-long-horizon-ai-agents) TakeOff, the long-horizon AI agent platform [Ropedia raises $22M to scale human-centric data collection for embodied AI](https://siliconangle.com/2026/07/23/ropedia-raises-22m-scale-human-centric-data-collection-embodied-ai/) [SkyPilot nabs $20M to ease AI infrastructure management](https://siliconangle.com/2026/07/21/skypilot-nabs-20m-ease-ai-infrastructure-management/) [Infinity raises $15M to run AI inference on any chipset](https://siliconangle.com/2026/07/20/infinity-raises-15m-run-ai-inference-chipset/) [Legal AI startup Vikk AI raises $4.2M to build lawyer ads inside AI search](https://siliconangle.com/2026/07/21/legal-ai-startup-vikk-ai-raises-4-2m-build-lawyer-ads-inside-ai-search/) ### Around the enterprise: AMD rising #### New products and services *Coverage around the AMD Advancing AI event:* [Microsoft to use AMD’s AI-optimized Helios racks in Azure](https://siliconangle.com/2026/07/20/microsoft-will-use-amds-ai-optimized-helios-racks-azure/) [AI infrastructure systems redefine the AMD-Nvidia rivalry as inference reshapes the market](https://siliconangle.com/2026/07/23/ai-infrastructure-systems-power-enterprise-tech-amdadvancingai/) Jensen says not so fast: [Nvidia doubles down on AI factories as it showcases massive Vera Rubin performance gains](https://siliconangle.com/2026/07/21/nvidia-doubles-ai-factories-showcases-massive-vera-rubin-performance-gains/) *Analysis from Zeus Kerravala:* [Nvidia Vera Rubin: Inside the agentic AI factory that rewrites the CPU playbook](https://siliconangle.com/2026/07/21/nvidia-vera-rubin-inside-agentic-ai-factory-rewrites-cpu-playbook/) [Anthropic to buy up to 2 gigawatts of GPU capacity from AMD](https://siliconangle.com/2026/07/22/anthropic-buy-two-gigawatts-gpu-capacity-amd/) *And ICYMI, Dave Vellante’s pre-event analysis to put it all in context:* [ AMD’s next reinvention: A new playbook for the AI era](https://siliconangle.com/2026/07/18/amds-next-reinvention-new-playbook-ai-era/) *Yikes, if even a quarter of all this is true, that’s a Meta mess:* Meta’s infrastructure team needs a culture reset ([per SemiAnalysis](https://newsletter.semianalysis.com/p/metas-infrastructure-team-needs-a?utm_source=post-email-title&publication_id=6349492&post_id=207968269&utm_campaign=email-post-title&isFreemail=true&r=qn48&triedRedirect=true&utm_medium=email)) [Google reportedly developing ‘Frozen v2’ AI chip optimized for Gemini models](https://siliconangle.com/2026/07/20/google-reportedly-developing-frozen-v2-ai-chip-optimized-gemini-models/) [Intel to manufacture firewall chips for Fortinet, its first public foundry customer](https://siliconangle.com/2026/07/21/intel-manufacture-firewall-chips-fortinet/) [Oracle debuts Base Database Cloud@Customer system for on-premises databases](https://siliconangle.com/2026/07/22/oracle-debuts-base-database-cloudcustomer-system-premises-databases/) **Earnings** [Alphabet’s stock sinks after it bumps up AI infrastructure spending yet again](https://siliconangle.com/2026/07/22/alphabets-stock-sinks-bumps-ai-infrastructure-spending-yet/) [IBM cuts outlook as software and mainframe weakness weighs on results](https://siliconangle.com/2026/07/22/ibm-cuts-outlook-software-mainframe-weakness-weighs-results/) [Intel posts its highest revenue growth in 15 years, crushing expectations in its latest results](https://siliconangle.com/2026/07/23/intel-posts-highest-rate-revenue-growth-15-years-crushing-expectations-latest-results/) [SAP shrugs off fears of AI eating software with big earnings beat](https://siliconangle.com/2026/07/23/sap-shrugs-off-ai-eating-software-fears-big-earnings-beat/) [AI server maker Supermicro’s stock gains on $60B order backlog and stronger margins](https://siliconangle.com/2026/07/21/ai-server-maker-supermicros-stock-gains-60b-order-backlog-stronger-margins/) [ServiceNow beats estimates and raises outlook as AI passes $1B in bookings](https://siliconangle.com/2026/07/22/servicenow-beats-estimates-raises-outlook-ai-passes-1b-bookings/) Tesla earnings [miss](https://www.investors.com/news/tesla-earnings-elon-musk-robotaxi-optimus-electric-vehicle-evs/) despite strong EV sales; Elon Musk preaches robotaxi caution Texas Instruments [beats](https://www.investing.com/news/transcripts/earnings-call-transcript-texas-instruments-beats-q2-2026-estimates-shares-fall-after-hours-93CH-4807116) Q2 2026 estimates, shares fall after hours Mobileye [reports](https://finance.yahoo.com/markets/stocks/articles/mobileye-nasdaq-mbly-reports-bullish-132245946.html) bullish Q2 but stock drops Pegasystems stock [tumbles](https://www.investing.com/news/earnings/pegasystems-stock-tumbles-10-as-ai-challenges-drive-q2-earnings-revenue-miss-93CH-4804218) 10% as AI challenges drive Q2 earnings, revenue miss STMicroelectronics profit [misses](https://www.reuters.com/technology/stmicros-q3-revenue-view-slightly-lags-estimates-even-chip-demand-recovers-2026-07-23/) estimates, shares fall 14% RingCentral [earnings](https://www.investing.com/news/earnings/ringcentral-inc-earnings-beat-by-006-revenue-topped-estimates-4809940) beat, revenue tops estimates #### Other money matters [Oracle secures $7B contract to supply the Pentagon with vital software and services](https://siliconangle.com/2026/07/23/oracle-secures-7b-contract-supply-pentagon-vital-software-services/) [Travis Kalanick’s industrial automation startup Atoms raises $1.7B in funding](https://siliconangle.com/2026/07/23/industrial-automation-startup-atoms-raises-1-7b-funding/) [AI data center builder Fluidstack raises $830M at $7.5B valuation](https://siliconangle.com/2026/07/21/ai-data-center-builder-fluidstack-raises-830m-7-5b-valuation/) [AI chip startup Etched more than doubles valuation in new $300M round](https://siliconangle.com/2026/07/23/ai-chip-startup-etched-doubles-valuation-10-3b-new-300m-round/) #### Policy [France to become first EU nation to ban social media for children under 15](https://siliconangle.com/2026/07/21/france-become-first-eu-nation-ban-social-media-children-15/) ### Cyber beat: OpenAI agents go rogue #### Attack & response [OpenAI says its own AI models broke out of testing and hacked Hugging Face](https://siliconangle.com/2026/07/21/openai-says-ai-models-broke-testing-hacked-hugging-face/) #### New services [Box adds security controls to govern AI agents working with enterprise content](https://siliconangle.com/2026/07/21/box-adds-security-controls-govern-ai-agents-working-enterprise-content/) [Exclusive: Fig launches Figaro AI agent and brings CI/CD to security operations](https://siliconangle.com/2026/07/21/exclusive-fig-launches-figaro-ai-agent-brings-ci-cd-security-operations/) [Google rolls out selfie video sign-in for account recovery](https://siliconangle.com/2026/07/23/google-rolls-selfie-video-sign-account-recovery/) [Cato Networks and CrowdStrike partner to unify network and endpoint security](https://siliconangle.com/2026/07/23/cato-networks-crowdstrike-partner-unify-network-endpoint-security/) [NowSecure adds AI-native testing to keep pace with AI-built mobile apps](https://siliconangle.com/2026/07/23/nowsecure-adds-ai-native-testing-keep-pace-ai-built-mobile-apps/) [Ivanti adds predictive remediation to get ahead of the patch backlog](https://siliconangle.com/2026/07/21/ivanti-adds-predictive-remediation-get-ahead-patch-backlog/) [Lookout launches tool to expose vulnerable code hidden inside mobile apps](https://siliconangle.com/2026/07/22/lookout-launches-tool-expose-vulnerable-code-hidden-inside-mobile-apps/) [Swimlane launches AI security operations center for managed security services providers](https://siliconangle.com/2026/07/22/swimlane-launches-ai-security-operations-center-managed-security-services-providers/) [OneSpan debuts DigipassONE platform to modernize bank authentication](https://siliconangle.com/2026/07/22/onespan-debuts-digipassone-platform-modernize-bank-authentication/) [AWS turns Security Hub into an AI and multicloud security control plane](https://siliconangle.com/2026/07/22/aws-turns-security-hub-ai-multicloud-security-control-plane/) #### Money matters [AI-native endpoint security startup Glow is born a unicorn after raising $180M](https://siliconangle.com/2026/07/22/ai-native-endpoint-security-startup-glow-born-unicorn-raising-180m/) [Neo Security bags $100M to build the secure control layer for enterprise AI agents](https://siliconangle.com/2026/07/20/neo-security-bags-100m-build-secure-control-layer-enterprise-ai-agents/) [AegisAI banks $36M as AI spear-phishing surges fivefold in a year](https://siliconangle.com/2026/07/23/aegisai-banks-36m-ai-spear-phishing-surges-fivefold-year/) [Abstract Security raises $25M Series A extension, recurring revenue up 380%](https://siliconangle.com/2026/07/23/abstract-security-raises-25m-series-extension-recurring-revenue-380/) [Exclusive: StrongestLayer raises $4.1M for reasoning-based email security](https://siliconangle.com/2026/07/22/exclusive-strongestlayer-raises-4-1m-reasoning-based-email-security/) ### Elsewhere in tech: Robots march on [Humanoid raises $152M at $1.35B valuation to bring human-like robots into factories](https://siliconangle.com/2026/07/21/humanoid-raises-152m-1-35b-valuation-bring-human-like-robots-factories/) [IBM acquires quantum computing research lab HRL](https://siliconangle.com/2026/07/23/ibm-acquires-quantum-computing-research-lab-hrl/) [Bluecore Energy raises $10M to put nuclear reactors on barges](https://siliconangle.com/2026/07/21/bluecore-energy-raises-10m-put-nuclear-reactors-barges/) ### Comings and goings **Amazon** [cut](https://www.reuters.com/business/world-at-work/amazon-cuts-jobs-its-artificial-general-intelligence-group-2026-07-22/) jobs in its artificial general intelligence group as it reportedly [shuts](https://www.theinformation.com/briefings/amazon-shuts-ai-agent-research-lab-agi-layoffs) its AI agent research lab. *Hmm.* **Monday.com** [cut](https://www.calcalistech.com/ctechnews/article/udx1nmbdq) 20% of workforce as it restructures for the AI era. **Mobileye** founder and CEO **Amnon Shashua** is [stepping down](https://www.mobileye.com/news/mobileye-announces-planned-leadership-transition/) after 27 years. No successor was named as a CEO search gets underway. **Meta** named **Assaf Keren**, a former chief security officer at Qualtrics and a former chief information security officer at PayPal, as its next CISO, succeeding **Guy Rosen**, who will leave in 2026 ([per Bloomberg](https://www.bloomberg.com/news/articles/2026-07-22/meta-taps-new-chief-security-officer-from-qualtrics-paypal)). **Chris Hall**, Trump’s latest AI czar, has already [resigned](https://techcrunch.com/2026/07/20/trumps-latest-ai-czar-has-already-resigned/) after three months. ### What’s next #### Earnings Monday, July 27: **Cadence, F5 Networks** Tuesday, July 28: **Commvault,**** PayPal, NXP Semi, Seagate** Wednesday, July 29: **Microsoft, Qualcomm, Arm, Samsung, Meta, Equinix, Tenable, Fortinet, Robinhood, Check Point Software** Thursday, July 30: **Amazon, ****Apple, Coinbase, Rivian** ##### Image: SiliconANGLE/Reve # A message from John Furrier, co-founder of SiliconANGLE: Support our mission to keep content open and free by engaging with theCUBE community. **Join theCUBE’s Alumni Trust Network**, where technology leaders connect, share intelligence and create opportunities. **15M+ viewers of theCUBE videos**, powering conversations across AI, cloud, cybersecurity and more** 11.4k+ theCUBE alumni**— Connect with more than 11,400 tech and business leaders shaping the future through a unique trusted-based network. # Are you AWS customer? 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