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AMD, AI

AMD to cut 4% of global workforce as it focuses on AI chip development

Advanced Micro Devices is laying off 4% of its global workforce, or about 1,000 employees, as it directs efforts towards developing AI chips in a bid to compete against industry bellwether Nvidia .

Network World · 11h

AMD to cut 4% of workforce to prioritize AI chip expansion and rival Nvidia

Advanced Micro Devices (AMD) is laying off 4% of its global workforce, around 1,000 employees, as it pivots resources to developing AI-focused chips. This marks a strategic shift by AMD to challenge Nvidia’s lead in the sector.

Engadget on MSN · 1d

AMD lays off 4 percent of its global workforce

AMD has confirmed it’s laying off roughly four percent of its global workforce, according to reports by TechCrunch and others. It’s not entirely clear how many people will be impacted by this move, or which divisions the laid off employees will be pulled from.

ASML CEO says AI boom benefits company

ASML CEO says AI boom benefits the company

ASML CEO Christophe Fouquet said on Thursday the ongoing boom in AI computer chips would help ASML by increasing the relative share of advanced logic and memory chips being made, leading to more sales of the company's best tools.

U.S. News & World Report · 1h

ASML Outlook Bullish Through 2030 Due to AI Boom -CEO Says

Computer chip equipment maker ASML, facing the threat of more U.S.-led curbs on trade with China, is upbeat on sales growth over the next five years as a boom in AI fuels strong demand for the company's most advanced tools.

Bloomberg on MSN · 13h

ASML Upholds Bullish 2030 Outlook in Bet on AI-Driven Demand

ASML Holding NV, the Dutch maker of advanced chip-making machines that are critical to global supply chains, reaffirmed its long-term revenue outlook as it bets on an artificial intelligence-driven boom in semiconductor demand.

6hon MSN

Nvidia Stock Rises. What ASML and Foxconn Are Saying About AI Chip Demand.

Nvidia was gaining early Thursday amid signs of robust demand for artificial-intelligence chips from the wider market.Nvidia ...

1don MSN

Meet the 1 Artificial Intelligence (AI) Chip Stock I Think Is Poised for a Big Run Under the Trump Administration (Hint: It's Not Nvidia)

President-elect Trump has a lot of ideas, and potential policy changes related to foreign trade and manufacturing could be a ...

1d

Nvidia's hot new AI chip has its first customer

Nvidia’s (NVDA) new artificial intelligence chip has its first customer, which plans to build the most powerful AI ...

2h

How Jensen Huang Built Nvidia Into the $3 Trillion King of AI

Nvidia’s CEO turned a struggling upstart into the world’s most valuable company. An exclusive look at how it happened.

1d

Juniper invests in AI chip startup Recogni, details technical collaboration

Juniper Networks Inc. on Tuesday disclosed that it has invested in Recogni Inc., a startup with an artificial intelligence ...

AMD Plans To Cut 4% Of Workforce Amid Strategic Shift Toward AI Chip Development To Rival Jensen Huang-Led Nvidia's Dominance: Report

AMD plans to start mass production of its MI325X AI chip in fourth-quarter of 2024, although ramping up production is ...

Amazon readies new AI chip to compete with Nvidia

Amazon is developing its own AI chips, led by its Annapurna Labs, to compete with Nvidia. The new Trainium 2 chip aims to ...

At Web Summit, cloud and chip providers maneuver for market share while others fret about AI’s impact

One of the participating companies, Qualcomm Inc., is at the forefront of the AI wave, designing chip systems to leverage ...

1don MSN

Jefferies Highlights Meta Platforms, Inc. (META)’s AI Chip Progress, Sees Strong Upside from Growing Demand for Training and Inference Accelerators

We recently compiled a list of the 14 AI News Investors Are Paying Attention To. In this article, we are going to take a look ...

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