AMD has confirmed that it’s laying off 4% of its workforce to focus on “large growth opportunities.” It’s unclear how many workers have been impacted by the reduction — and which divisions. AMD had roughly 26,000 employees as of last year, according to the company’s annual 10-K filing. Four percent would translate to approximately 1,000. […]
AMD lays off 4% of its workforce Read More »
The Biden administration has privately discussed capping sales of advanced AI chips from Nvidia and AMD to certain Persian Gulf countries in the interest of national security, Bloomberg reported on Monday. The restriction could put a ceiling on export licenses for certain countries, potentially Saudi Arabia and the United Arab Emirates, which are heavily investing
Chipmaker Nvidia notched $30 billion in revenue last fiscal quarter, driven in large part by the AI industry’s insatiable demand for GPUs. GPUs are essential for training and running AI models; they contain thousands of cores that work in parallel to quickly perform the linear algebra equations scaffolding the models. The appetite for AI remains
TensorWave thinks it can break Nvidia’s grip on AI compute with an AMD-powered cloud Read More »
AMD, the chipmaker hot on the heels of Nvidia, today announced a big acquisition to boost its position as an “ecosystem” partner for companies building big AI businesses: it is acquiring ZT Systems, which provides compute design and infrastructure for AI, cloud and general purpose computing, for $4.9 billion. The deal is a mix of
