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Tesla CEO Elon Musk Details Funding Plan for Taking Tesla Private

Elon Musk has revealed that a great deal of the funding to take Tesla private will come from the Saudi Arabia sovereign wealth fund. He backed up his August 7th claim that the funding was secured by revealing that the Managing Director of the fund had contacted him multiple times over the course of the past two years seeking to take Tesla private. As previously reported, Elon Musk is not happy with the pressure that short sellers place upon the company's stock.

It is also worth clarifying that most of the capital required for going private would be funded by equity rather than debt, meaning that this would not be like a standard leveraged buyout structure commonly used when companies are taken private. I do not think it would be wise to burden Tesla with significantly increased debt. Therefore, reports that more than $70B would be needed to take Tesla private dramatically overstate the actual capital raise needed. The $420 buyout price would only be used for Tesla shareholders who do not remain with our company if it is private. My best estimate right now is that approximately two-thirds of shares owned by all current investors would roll over into a private Tesla.

Posted by cageymaru August 13, 2018 9:53 AM (CDT)

AMD 2nd Gen Threadripper Live on Twitch

AMD is telling us that it will be live on Twitch today at 10:30am CDT, with a "special look" at the new Threadripper 2990WX. We are not sure what that is all about, but that "mature audiences" warning surely means it will include scantily dressed go-go dancers, right? Probably not, but if I recall correctly, Kay Pike is sponsored by AMD, so maybe we will get lucky? Feel free to dig into our review of the 2990WX and 2950X in the meantime. Discussion
Posted by Kyle August 13, 2018 9:26 AM (CDT)

AMD Ryzen Threadripper 2990WX & 2950X Review

We have spent a huge amount of time over the last 10 days or so with AMD's new 2nd generation Threadripper CPUs and we have learned a lot about those. We still have a lot more to find out about these CPUs, and the ecosystem around these CPUs needs to change as well. That said, there are still great things in the new Threadripper 2950X and 2990WX, if you have the resources and needs to utilize these.
Posted by Kyle August 13, 2018 8:25 AM (CDT)

Goldman Sachs Downgrades Intel, Upgrades AMD

Due to chip manufacturing issues and repeated delays in moving to next-generation process technology, Goldman Sachs has downgraded Intel to sell from neutral, as they believe these struggles will have a great impact on the company’s competitive position. Sachs has done the exact opposite for AMD, however, upgrading its rating to neutral from sell, thanks to shares being up more than 80%.

"We believe Intel's struggles will provide a reason for customers (PC OEMs, server OEMs, Cloud Service Providers, etc.) to adopt, or at least investigate, AMD's product," he said. Hari estimates AMD server chip market share will rise to 5.1 percent in 2019 and increase to 9.4 percent in 2020 from an estimated 2.2 percent this year.

Posted by Megalith August 12, 2018 1:50 PM (CDT)

AMD Unveils Radeon Pro WX 8200 for Visualization Market

AMD has unveiled its latest workstation graphics card, the WX 8200, at the Siggraph 2018 graphics conference. Aimed toward the visualization market (e.g., creating high-end animations, VR, CAD), the company claims it can beat the performance of the NVIDIA Quadro P5000 and P4000 in media and entertainment applications. The cards start at $1,000.

AMD said that visualization demand is rising in markets such as media, manufacturing, and architecture. The WX 8200 cards have 56 compute units that can perform at up to 11 teraflops, with support for 8K displays. It can support eight gigabytes of high-bandwidth 2 memory. A number of software partners -- from Autodesk to Adobe -- have certified that their software works with the new cards.

Posted by Megalith August 12, 2018 9:05 AM (CDT)

Lenovo Lists Specifications for AMD Ryzen 3 2300X and Ryzen 5 2500X

Lenovo prematurely listed the specifications for their upcoming ThinkCentre M725 small form factor desktops that feature the unreleased AMD Ryzen 3 2300X and AMD Ryzen 5 2500X. Here is a photo from as the original product page has been "corrected" to exclude the unreleased processors.

It is expected that Ryzen 2000-series replacements for the Ryzen 3 1300X and Ryzen 5 1500X processors will come out shortly after AMD launches Threadripper 2 on 13th August. It isn't surprising that systems builders like Acer and Lenovo already have systems suitable for these CPU options and they have leaked a bit early. As second gen Zen parts the AMD Ryzen 3 2300X and Ryzen 5 2500X processors will feature the improved 12nm design familiar to the series and offer other benefits such as XFR2, Precision Boost 2, and StoreMI.

Posted by cageymaru August 08, 2018 11:15 AM (CDT)

AMD Radeon Pro Software for Enterprise 18.Q3 Has Been Released

AMD has released a new batch of drivers for their professional users. Radeon Pro Software for Enterprise 18.Q3 has been released and contains a long list of bug fixes. The release notes and driver downloads are all found within the link.

The Radeon Pro Software for Enterprise is designed to deliver market-leading uptime and stability. Rigorous multi-wave testing and exhaustive ISV certifications help make this "the industry's most stable driver"1.

Posted by cageymaru August 08, 2018 4:43 AM (CDT)

AMD EPYC Server Sales Show Great Promise According to Analysts

AMD EPYC server sales are eroding Intel's positioning in the server market. Intel has fallen from a 99.5% share of the server CPU market to 98.7% in a year. This roughly translates to $57.66 million in revenue for AMD in the second quarter 2018 alone. Aaron Rakers from Wells Fargo expects AMD EPYC market share to grow to 5% by the end of 2018.

Figures from Mercury -- which tracks the market for microprocessor and graphics PC components -- show that AMD's total server units were up 181 per cent year-over-year and 40.5 per cent sequentially. Mercury estimates Epyc revenue was $57.66m in the second 2018 quarter vs $36m in the prior quarter. Rakers said AMD believes it can grow its current server market share position to mid-single digits by the end of calendar 2018.

Posted by cageymaru August 07, 2018 7:03 PM (CDT)

Intel Server Technology Falls Behind AMD as 10nm Struggles Continue

Charlie over at Semiaccurate has an interesting article about how Intel's server future relies on 10nm technology that is now 4 years delayed, raising server CPU prices by $7,000 for what is essentially the same chip; just clocked higher and drawing more power, and how it will combat AMD's 7nm Rome processor and successors. The article is chock full of interesting tidbits such as the estimated speeds of the new AMD and Intel server chips and musings about internal documents from Intel.

It won't be a fair fight. Why? Rome will beat Cascade by more than 50% in per-socket performance, likely tie or win on a single threaded basis, and more than double the Cascade's core count. Please note that by more than 50% we don't mean a little more, we mean a lot more, think abusive rather than hair's width margins.

Posted by cageymaru August 07, 2018 6:07 PM (CDT)

AMD Talks 2nd Gen Threadripper CPUs

If nothing else, AMD marketing gets kudos for stepping it up a level in the last couple of years.

Key updates on the new 2nd Gen Ryzen Threadripper processor line-up, featuring four new processor models, available in 2018, all built on 12nm "Zen+" core architecture and tailored to the needs of creators and gamers.

Posted by Kyle August 07, 2018 9:14 AM (CDT)

AMD Radeon Software Adrenalin Edition 18.8.1 Released

AMD has released new Radeon Software Adrenalin Edition 18.8.1 video card drivers to address performance in new releases including Monster Hunter: World, World of Warcraft: Battle for Azeroth, We Happy Few, and Madden NFL 19. The drivers also fixed documented issues in Fortnite and Civilization VI. Especially important is a fix for elevated or stuck graphics and memory clock speeds while gaming if video content is playing on the system. Also fixed was a bug with Samsung HMD Odyssey VR headsets if used with a Radeon RX Vega video card. Last of all new Vulkan extension support was added.

Known Issues Radeon FreeSync may fail to enable when playing Monster Hunter: World. Some games may experience instability or stutter when playing with FRTC and Instant Replay enabled. Radeon WattMan memory and frequency sliders may not list correct minimum values. Toggling performance metrics while gaming on a non-native display resolution may cause the game to scale incorrectly.

Posted by cageymaru August 06, 2018 1:49 PM (CDT)

AMD Ryzen Threadripper Gen 2 Full Specs and Availability

As of this morning, AMD has outlined all of its upcoming Gen 2 Threadripper CPUs. As reviewers, we were supplied a single 2990WX, and single 2950X CPUs. However there are 2970WX, and 2920X model parts on the way. The 2970WX MSRP will be $1300, and the 2920X will be $650. The 2970WX will be a 24C/48T part while the 2920X will be a 12C/24T part. Both of these parts are slated for retail availability in October.

Ecosystem Readiness - All 2nd Gen AMD Ryzen Threadripper processors support the SocketTR4 platform, sporting sixty-four PCIe Gen 3.0 lanes, and quad channel DDR4 memory with ECC support3. All 2nd Gen AMD Ryzen Threadripper CPUs are supported by a full ecosystem of new and existing X399 platforms at launch, with designs already available from top motherboard manufacturers including ASRock, ASUS, Gigabyte, and MSI. Along with the broad selection of motherboards, the SocketTR4 platform supports a wide range of new and existing cooling solutions, including the new Wraith Ripper air-cooler showcased at Computex 2018. This cooler is now available from CoolerMaster and features compatibility with the SocketTR4 platform and all 1st Gen and 2nd Gen Ryzen Threadripper processors.

Posted by Kyle August 06, 2018 9:57 AM (CDT)