AMD says it will invest $1B in Meta's equity offering, its first Helios rackscale systems are installed at Meta, and its EPYC CPUs power Meta's Muse AI agent (Kai Nicol-Schwarz/CNBC)

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• SK Hynix plans to return $22B+ in dividends and ~$15B in buybacks to shareholders, on top of its ~$30B buyback program completed in August (Kwanwoo Jun/Wall Street Journal)

  SK Hynix, a leading South Korean memory-chip manufacturer, announced plans to return approximately $22 billion to shareholders in dividends and $15 billion in share buybacks. The company's commitment to returning significant amounts to shareholders underscores its confidence in the future growth of the company.

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• Amazon updates AI usage rules for engineers in new memo

  Amazon is updating its AI usage guidelines for engineers to prioritize real-world outcomes over specific tools, aiming to foster "Renaissance Developers" who integrate AI into their work. This memo from VP Terk Terkowitz emphasizes the importance of AI's role in future engineering practices and warns against focusing solely on flawed metrics like token counts, which can increase costs and complexity. The memo encourages engineers to evaluate AI's impact on customers and businesses, and to keep AI tools in their ha…

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• Top tech and startup stories to start your day with

  ### Morning Dispatch In today's ETtech Morning Dispatch, Cognizant Technology Solutions is eyeing an investment opportunity with homegrown AI startup Sarvam, valuing the Indian artificial intelligence company at $3.5-4 billion. Meanwhile, Bengaluru-based AI firm Simplismart has raised $14 million in a round led by Dallas Venture Capital, marking a significant growth in the company's revenue. Ola Electric Mobility, a leading electric two-wheeler maker, aims to achieve a market share of at least 20% in the near ter…

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