NUREMBERG, GERMANY: AMD (NASDAQ: AMD) announced the expansion of the AMD Versal adaptive system on chip (SoC) portfolio with the new Versal AI Edge Series Gen 2 and Versal Prime Series Gen 2 adaptive SoCs, which bring preprocessing, AI inference, and postprocessing together in a single device for end-to-end acceleration of AI-driven embedded systems. These…
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AMD strengthens its software strategy with Nod.ai acquisition
AMD announced on Tuesday that it will acquire Nod.ai, an artificial intelligence startup that specializes in making AI models run better on AMD’s chips. The deal is part of AMD’s strategy to compete with Nvidia (NVDA.O), the dominant player in the AI chip market. Nvidia has a strong advantage in the software side of AI,…
AMD to invest $400 million in India, build largest design center in Bengaluru
The U.S. chipmaker Advanced Micro Devices (AMD) has announced that it will invest around $400 million in India over the next five years and will establish its largest design center in the country in the tech hub of Bengaluru. The announcement was made by AMD’s Chief Technology Officer Mark Papermaster at the India Semiconductor Association’s…
AMD Unveils MI300X GPU for AI, Expanding its Presence in the Data Center Market
AMD, a renowned semiconductor manufacturer, announced on Tuesday that its cutting-edge GPU for artificial intelligence (AI), the MI300X, is set to begin shipping to select customers later this year. Speaking to investors and analysts in San Francisco, AMD CEO Lisa Su emphasized that AI represents the company’s most significant long-term growth opportunity. Su highlighted the…
AMD Reports Better-Than-Expected Q1 Revenue and Earnings, Expects Growth in H2
AMD reported better-than-expected revenue and earnings for the first quarter of the year. However, the company’s stock declined by 6% in after-hours trading on Tuesday due to the chipmaker’s guidance for the current period, which fell short of analysts’ estimates. For the quarter ended in December, AMD’s adjusted EPS was 60 cents per share, surpassing…