The MI325X accelerator will be made available in the fourth quarter of 2024
Advanced Micro Devices unveiled its latest artificial intelligence processors on Monday and detailed its plan to develop AI chips over the next two years in a bid to challenge industry leader Nvidia .
Santa Clara, California-based AMD has been vying to compete against Nvidia, which currently dominates the lucrative market for AI semiconductors and commands about 80% of its share. Investors who have poured billions of dollars into Wall Street’s picks-and-shovels trade have been seeking longer-term updates from chip firms as they evaluate the longevity of the booming genAI rally, which so far has shown no signs of slowing down.
AMD CEO Su said in April that the company expects AI chip sales of roughly $4 billion for 2024, an increase of $500 million from its prior estimate.
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