AMD To Lay Off 4% of Workforce, or About 1,000 Employees

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AMD has announced plans to cut 4% of its global workforce as it repositions to compete in the AI chip market dominated by Nvidia. The layoffs will affect approximately 1,040 employees of its 26,000-strong workforce reported at the end of 2023. CNBC adds: AMD produces powerful AI accelerators for data centers, including the MI300X, which companies such as Meta and Microsoft purchase as an alternative to Nvidia-based systems. But Nvidia dominates the market for powerful AI chips, with over 80% market share, partially because it developed the core software that AI engineers use to develop programs such as OpenAI's ChatGPT. Read more of this story at Slashdot.

Apple Launches Final Cut Pro 11, the First Version Change in 13 Years

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Apple released Final Cut Pro 11 this week, marking the first major version change in over a decade for its professional video editing software. The update introduces several AI-powered features, including a new "Magnetic Mask" function that automatically tracks objects through video clips for targeted color grading and effects. The suite now offers on-device automatic caption generation for dialogue tracks and adds support for spatial video editing compatible with Apple Vision Pro. Users can adjust the depth of titles and objects for 3D viewing. The update requires macOS 14.6 and at least 8GB of RAM, with some features exclusive to Apple silicon Macs. Existing Final Cut Pro X users will receive the upgrade at no cost, while new users can purchase the software for $299. Accompanying updates include Final Cut Camera for iPhone, which now supports H.265 HEVC format for Apple Log footage on iPhone 15/16 Pro models, and Final Cut Pro for iPad 2.1, featuring enhanced automated color grading tools and new creative assets. Projects created on Mac remain incompatible with the iPad version, PetaPixel reports. Read more of this story at Slashdot.