amd

Wall Street analysts explain how AMD’s own stock will pay for OpenAI’s billions in chip purchases 

Hardware /

After AMD and OpenAI announced an expanded partnership on Monday, the chatter immediately turned to the unusual way OpenAI would pay for its AMD purchases. It will use AMD’s own stock to do so.  To recap: OpenAI has agreed to help AMD refine its line of Nvidia competitor chips, the Instinct GPUs, as well as to purchase and deploy 6 gigawatts of compute capacity from AMD over multiple years. AMD said this deal […]

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AMD to supply 6GW of compute capacity to OpenAI in chip deal worth tens of billions

Hardware /

AMD has signed a multi-year chip supply deal with OpenAI that could generate tens of billions in revenue for the chipmaker, helping accelerate its momentum in the AI industry.  AMD has agreed to supply 6 gigawatts of compute capacity to OpenAI — enough to power up to 4.5 million homes — across multiple generations of its Instinct GPUs, starting with the Instinct MI450 GPU. OpenAI

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Cohere hits $7B valuation a month after its last raise, partners with AMD

Venture /

On Wednesday, Enterprise AI model-maker Cohere said it raised an additional $100 million — bumping its valuation to $7 billion — in an extension to a round announced in August. The August round was an oversubscribed $500 million round at a $6.8 billion valuation, the company said at the time. Cohere also announced an interesting

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After falling behind in generative AI, IBM and AMD look to quantum for an edge

AI /

IBM and AMD are partnering to develop next-generation computing architectures that integrate IBM’s quantum systems with AMD’s AI-specialized chips. The move could position both the tech giant and chipmaker as key infrastructure players, as they look to regain ground after falling behind on the generative AI boom. Together, IBM and AMD will attempt to launch

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Trump’s AI Action Plan aims to block chip exports to China but lacks key details

Enterprise /

The Trump administration wants its AI technology to be considered an industry leader both on home soil and abroad. But it also doesn’t want the U.S.’s AI prowess to empower or embolden a foreign adversary. That’s quite the balance to strike. If President Trump’s AI Action Plan, which was released on Wednesday, is any indicator,

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AMD acqui-hires the employees behind Untether AI

Enterprise /

AMD is continuing its acquisition spree. Semiconductor giant AMD acqui-hired the team behind Untether AI, a startup that develops AI inference chips, as originally reported by CRN. Untether claims that their chips are faster and more energy-efficient than their rivals. The terms of the deal weren’t disclosed. Toronto-based Untether was founded in 2018 and has

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AMD takes aim at Nvidia’s AI hardware dominance with Brium acquisition

AI /

AMD’s latest acquisition could help reduce Nvidia’s market dominance when it comes to AI hardware. Semiconductor giant AMD on Wednesday announced it acquired AI software optimization startup Brium. Terms of the deal were not disclosed. Brium is a startup that appears to be in stealth mode. The startup builds machine learning applications to enable AI

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NVIDIA, AMD may soon start selling new AI chips in China to comply with US restrictions

Hardware /

To comply with the U.S.’ restrictions on exporting advanced semiconductor technology to China, chipmakers NVIDIA and AMD will soon begin selling new GPUs made for AI workloads in China, Taiwanese tech publication Digitimes reported, citing supply chain sources. NVIDIA plans to sell a stripped-down AI GPU, code-named “B20,” while AMD is looking to target AI

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AMD buys silicon photonics startup Enosemi to fuel its AI ambitions

Fundraising /

AMD has acquired Enosemi, a startup designing custom materials to support silicon photonics product development. The terms of the deal, announced Wednesday, weren’t disclosed. Silicon photonics uses light — photons — to transmit data, offering a faster and more efficient alternative to traditional electrical communication. AMD and other chipmakers have shown an increasing interest in the

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