AMD reveals new AI processors to compete with Nvidia's offerings
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Nvidia has emerged as an indispensable company where AI is concerned, but the lead it currently maintains is now being threatened by rivals like Advanced Micro Devices Inc. (AMD) and Huawei. Advanced Micro Devices Inc. Chief Executive Officer Lisa Su believes the company’s latest AI processors are good enough to give Nvidia Corp. a run for its money in a chip market she expects to soar past $500 billion in the next couple of years. AMD shaping up to be a Nvidia rival in the chip market AMD is making a strong bid to capture market share in the AI chip sector. The latest installments in its MI350 chip series reportedly make them faster than Nvidia counterparts and represent major gains over earlier versions, according to what Su said at a company event Thursday in San Jose, California. Su claimed the new MI355 chips, which started shipping earlier this month, are 35 times faster than predecessors. AMD hopes it can catch up with Nvidia or at least close the gap with its new products, and the stakes are higher than ever as the market revenue is predicted to exceed $500 billion by 2028. In February, AMD shared a forecast for its data center business that showed the growth is happening at a slower pace than some analysts had predicted. The company believes this new update to its MI range will boost momentum and ultimately prove it can compete with a much bigger rival. AMD says the MI355 outperforms Nvidia’s B200 and GB200 products when it comes to running AI software and equals or exceeds them when creating the code. It also claims customers can get them for significantly less than Nvidia products. Response to AMD’s latest presentation from investors was tepid at best, with the shares falling as much as…
