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AMD has reported its financial results from the second quarter, telling investors that the Instinct MI300X GPUs account for over $1 billion of its data center revenues.
Unlike in previous years, nearly half of the company’s sales are related to data center products which is a huge shift for the business known for its semiconductors.
Throughout the full year, the accelerators are predicted to bring in over $4.5 billion, an increase from the $4 billion target announced in April. The data center side of the business has doubled in one year, with the growth in 2024 being due to its latest chip.
The Instinct MI300X GPU is the company’s alternative to Nvidia’s AI accelerator hardware. It was only launched in December 2023 and it’s supposed to beat its competitors in terms of floating-point performance, memory bandwidth, and capacity.
The sales from AMD’s Instinct chip amounts to over $1 billion in sales within a single quarter.
The AI focus wages on as AMD plan to release new chips every year
With figures soaring, it’s likely that Nvidia will continue to feel the heat as AMD is following in its footsteps. It was the Nvidia H100 that propelled the business into the stratosphere.
The technology company doesn’t just plan on stopping there though, as they have plans to release new AI chips every year. The MI325X will be released in the fourth quarter of 2024, the MI350 in 2025, and possibly the M1400 in 2026.
“We delivered strong revenue and earnings growth in the second quarter driven by record Data Center segment revenue,” said AMD Chair and CEO Dr. Lisa Su in the company press release.
“Our AI business continued accelerating and we are well positioned to deliver strong revenue growth in the second half of the year led by demand for Instinct, EPYC and Ryzen processors.
“The rapid advances in generative AI are driving demand for more compute in every market, creating significant growth opportunities as we deliver leadership AI solutions across our business.”
Image Credit: Via Ideogram
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United States’ strategic Bitcoin (BTC) reserve would be partly financed by revaluing gold certificates held by the Federal Reserve System, draft legislation shows.
According to a July 30 Coindesk report, U.S. Senator Cynthia Lummis’s draft legislation would finance a Bitcoin reserve in part by revaluing the Federal Reserve’s gold certificates. In a July 27 announcement, Lummis wrote that her legislation aims to:
Implement a 1-million-unit Bitcoin purchase program over a set period of time to acquire a total stake of approximately 5% of total Bitcoin supply, mirroring the size and scope of gold reserves held by the United States.
An extensive plan for strategic Bitcoin reserve
Furthermore, she also intends to establish a decentralized network of United States Bitcoin vaults operated by the Department of Treasury and implement a one million unit Bitcoin purchase program for the United States to own 5% of the supply. Moreover, Lummis also wants the project to be paid for by Federal Reserve System diversification and to affirm self-custody rights for private Bitcoin holders.
Lummis has long been an ally for cryptocurrency proponents. Back in mid-May, she was among the key proponents of a motion to nullify the Securities and Exchange Commission’s (SEC) controversial crypto policy known as Staff Accounting Bulletin No. 121 (SAB 121).
Issued in 2022, SAB 121 required companies holding customers’ cryptos to record them on their balance sheets. This would have potential significant capital and tax implications for banks working with crypto clients.
Republicans argued that the SEC overstepped its authority by implementing the policy without following proper rulemaking procedures, a stance supported by the Government Accountability Office. The Biden administration vetoed the motion to nullify this measure shortly after. In his veto statement, President Biden wrote:
This Republican-led resolution would inappropriately constrain the SEC’s ability to set forth appropriate guardrails and address future issues. This reversal of the considered judgment of SEC staff in this way risks undercutting the SEC’s broader authorities regarding accounting practices. […] My Administration will not support measures that jeopardize the well-being of consumers and investors.
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Tinder’s parent company Match Group has seen a decline in subscriber numbers leading to plans to cut 6% of its approximately 2,600 strong global workforce.
In its quarterly earnings report for Q2, the company shares how ‘Tinder Payers’ has reduced by “8% Y/Y to 9.6 million.” This means fewer people are paying to find love on the platform that has numerous subscription levels.
In the same report, the company explains how changes will be made to improve growth and the bottom line. This includes “total workforce reductions of approximately 6% globally,” which they say will “result in annual cost savings of approximately $13 million.”
It isn’t yet clear which jobs will face the cut, nor if it’ll be focused on certain regions worldwide.
This dip in the figures comes as Tinder continues to face challenges from competitors like Bumble and Hinge. The latter is owned by the same parent company.
In the ‘direct revenue’ figures, the dating company was found to be up 1% in comparison to Hinge which saw a 48% increase versus the prior year quarter.
Changes to follow for Tinder as detailed in a letter to shareholders
With high pressure on the online dating platform to perform as expected by investors, a letter to shareholders says there will be an “intense focus on innovation to drive growth.”
This will include re-deploying some of Match Group’s talent who have distinct expertise in artificial intelligence to Azar, Tinder, and Hinge.
“Given the major opportunity that AI presents to improve the entire dating journey and build new experiences, we think it’s compelling to deploy our best talent in these areas.”
In another effort to make change, the team will be focused on improving user outcomes with women being the first priority.
“Later this Summer, Tinder intends to begin testing a new feature designed to provide highly curated recommendations.
“Tinder plans to subsequently integrate AI capabilities into this feature to contextualize matches and drive increased relevancy.”
The app also recently saw the introduction of the AI-driven feature ‘Photo Selector.’ The tool automatically suggests the best photos from a user’s camera roll and aims to speed up profile quality.
Image Credit: Via Ideogram
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Chimpzee is encouraging more people to fight climate change and protect animals while allowing them to earn passive income.
The platform uses blockchain to create different income opportunities for members, including earning money by playing games, NFT trading, staking, and lots more.
The team has revealed that it will channel a certain portion of its profit towards conservation efforts.
Championing Environmental Causes
Chimpzee commits 10% of its token supply and a portion of its profits to organizations actively working to protect the planet. This gesture further shows the crypto platform’s passion for environmental sustainability.
Chimpzee has already done a lot to support different environmental projects. They recently donated to Hope with Paws, an organization that rescues and cares for animals.
They also gave $5,000 to the National Park Rescue organization to help stop poaching in Africa.
The crypto platform has also helped plant 5,000 trees in Tanzania through WeForest, which is helping to restore important forest areas. Chimpzee has also donated money to Rainforest Rescue to protect parts of the Australian rainforest, where land meets the ocean, and preserve the special plants and animals.

Chimpzee makes donation to Hope with Paws to help support the great work they are doing to help animals.
Here is a video they sent us of another rescue.https://t.co/pN6WRtaS0p
Chimpzee is here to help organizations big and small that are on a mission to help save the planet…
— Official Chimpzee Project (@RealChimpzee) July 16, 2024

Earning Opportunities
Chimpzee is incentivizing more people to partake in the climate fight and animal preservation by offering multiple streams of income within its ecosystem. These opportunities provide financial incentives and engage users in environmentally conscious activities.
Chimpzee’s merchandise shop will allow users to earn CHMPZ coins passively. A certain percentage of profits from these purchases goes to charity, aligning consumption with conservation.
The crypto project’s Zero Tolerance game will be a fun way to earn the CHMPZ token while fighting against poaching and cutting down forests. Players can use their NFT Passport or custom avatar to improve their gaming experience and earning potential.
Chimpzee’s NFT Marketplace will lead the way with its approach as it shares a portion of its trading fee with its users. The crypto platform’s eco-friendly NFTs will be placed on the main page, and all projects will be appropriately checked to reduce copying.
Staking Opportunities
Chimpzee offers two staking opportunities to motivate participation in climate action through passive income: CHMPZ token staking and NFT Passport staking.
CHMPZ token staking allows users to earn up to 40% APY. Thus, The potential profit increases with the amount staked:

1,000 CHMPZ  to earn 5% APY
10,000 CHMPZ to earn 10% APY
100,000 CHMPZ to earn 15% APY
1,000,000 CHMPZ to earn 30% APY
10,000,000 CHMPZ to earn 40% APY

NFT Passport staking lets users earn between 10% and 20% profit yearly. The profit is determined by the NFT passport they are holding. These are in 4 types::

Bronze Passport holders earn 10% APY
Silver Passport holders earn 15% APY
Gold Passport holders earn 18% APY
Diamond Passport holders earn 20% APY

The higher-level Passports earn more interest, which encourages more people to upgrade their Passport level and become more engaged with the platform.
Users can do both the token staking and the NFT Passport staking simultaneously, which allows them to earn the most money and supports Chimpzee’s work to help the environment.
Bonus Opportunity
Chimpzee has added giveaway opportunities to get more people involved. The project will reward Passport holders with prizes of up to $10,000 USDT in an exclusive NFT promotion. The breakdown of the giveaway is in this order.

$10,000 USDT each for 2 winners with any NFT passport
$5,000 USDT for 1 winner with a Diamond passport
$2,500 USDT each for 2 winners with a Gold Passport
$1,000 USDT each for 3 winners with a Silver Passport
$500 USDT each for 4 winners with a Bronze passport

There are also 20 prizes of $250 USDT each available to any NFT passport holder.

The Ripple Effect
Chimpzee’s approach creates a positive cycle: As more people come to the platform for the chance to earn money, more resources go towards environmental causes.
This, in turn, makes the platform’s impact even stronger and attracts more people who care about the environment.
The crypto platform is transparent, which helps it achieve its mission. It regularly shares updates on donations and conservation efforts, and this helps it build trust with its community while showing the real-world impact of its participation.
JOIN CHIMPZEE COMMUNITY NOW
Website    |      Twitter   |     Telegram
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Since Harry Potter: Quidditch Champions is set in the famous Wizarding World, full of a variety of personalities, there are a lot of potential characters that could be available in the game.
This is compounded by the fact that in terms of timeline, it’ll be when Harry Potter and the gang are attending Hogwarts, making fan-favorites a real potential.
Here, we’ll reveal all of the Harry Potter: Quidditch Champions playable characters so you know the roster before picking your go to.
Who are the Harry Potter: Quidditch Champions playable characters?
There are five playable characters that have been announced thanks to the latest trailer for the game.
This short list includes all the famous franchise faces you know and love so if you’ve read any of the books or watched the movies, you’ll definitely be happy.
Here is the complete list of Harry Potter: Quidditch Champions playable characters we know so far:

Harry Potter
Ron Weasley
Draco Malfoy
Cho Chang
Custom Character

As for when you’ll be able to play as these characters is yet to be seen.
Since there are various modes in the game, some characters may be restricted to certain ones, which could leave you a bit disappointed.
However, it would make sense to only have your Custom Character as a choice in the single player career mode for example, since this is centered around your climb to become the Quidditch world champion.
In the more online focused modes though, it may be fair game, with everyone you have unlocked ready for picking.
As we get closer to the release of Harry Potter: Quidditch Champions, we expect to gain more insight into what characters will be added to the list but sadly it is just a waiting game.
Other Harry Potter: Quidditch Champions articles you may like

Harry Potter: Quidditch Champions Legacy Pack explained and how to get
Is Harry Potter: Quidditch Champions free to play?
Harry Potter: Quidditch Champions release date and more

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