AMD launches new AI chips to take on leader Nvidia

Advanced Micro Devices unveiled its latest artificial intelligence processors on Monday and detailed its plan to develop AI chips over the next two years in a bid to challenge industry leader NvidiaThe race to develop generative artificial intelligence programs has led to towering demand for the advanced chips used in AI data centers able to support these complex applications.Read more at: 
utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst. Santa Clara, California-based AMD has been vying to compete against Nvidia, which currently dominates the lucrative market for AI semiconductors and commands about 80% of its share. AMD also introduced an upcoming series of chips titled MI350, which is expected to be available in 2025 and will be based on new chip architecture. Compared to the currently available MI300 series of AI chips, AMD said it expec ..
Read more at: https://economictimes.indiatimes.com/tech/technology/amd-launches-new-ai-chips-to-take-on-leader-nvidia/articleshow/110652980.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Investors who have poured billions of dollars into Wall Street's picks-and-shovels trade have been seeking longer-term updates from chip firms as they evaluate the longevity of the booming genAI rally, which so far has shown no signs of slowing down. AMD's shares have more than doubled since the start of 2023. This surge still pales in comparison to the more than seven-fold rise in Nvidia's shares in the same time period. AMD is aiming at an AI chip product cycle of one year. Si .. Read more at: https://economictimes.indiatimes.com/tech/technology/amd-launches-new-ai-chips-to-take-on-leader-nvidia/articleshow/110652980.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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