AMD to cut 4% of workforce to prioritize AI chip expansion and rival Nvidia
Advanced Micro Devices (AMD) is laying off 4% of its global workforce, around 1,000 employees, as it pivots resources to developing AI-focused chips. This marks a strategic shift by AMD to challenge Nvidia’s lead in the sector.
AMD to lay off 4% of workforce amid push for AI chip development
Analysts are optimistic about AMD’s future in the AI space, with predictions that the company’s data center revenue could grow by nearly 100% in 2024, far outpacing overall revenue growth. This growth is largely attributed to increased demand for AI chips from large cloud providers and tech companies.
AI, ASML
Nvidia was gaining early Thursday amid signs of robust demand for artificial-intelligence chips from the wider market.Nvidia ...
In turn, chip demand could begin transitioning from more overseas reliance in favor of U.S. manufacturers such as Intel. 2.
AMD plans to start mass production of its MI325X AI chip in fourth-quarter of 2024, although ramping up production is ...
One of the participating companies, Qualcomm Inc., is at the forefront of the AI wave, designing chip systems to leverage ...
Nvidia’s (NVDA) new artificial intelligence chip has its first customer, which plans to build the most powerful AI ...
Despite Monday's pullback from record highs, analysts remain bullish on Nvidia's AI chip dominance, raising price targets to ...
Amazon is developing its own AI chips, led by its Annapurna Labs, to compete with Nvidia. The new Trainium 2 chip aims to ...
The company plans to widely release its ‘Trainium 2’ AI training chip next month. The chip development is led by ...
Juniper Networks Inc. on Tuesday disclosed that it has invested in Recogni Inc., a startup with an artificial intelligence ...
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