Benzinga
Benzinga
  • last year
Meta, OpenAI, and Microsoft announced they will use AMD's new AI chip called Instinct MI300X, showing demand for alternatives to Nvidia's expensive GPUs dominating the AI market. Meta, Microsoft, and Oracle cloud services said they plan to use the MI300X for AI tasks like processing images and stickers and assisting with AI models, showing confidence in it as a competitor. AMD still only expects $2 billion in data center GPU revenue by 2024, compared to Nvidia's over $14 billion last quarter. AMD hopes to gain market share of the projected $400B AI chip market by 2027.
Transcript
00:00 It's Benzinga and here's what's on the block.
00:02 - Meta, OpenAI and Microsoft announced
00:05 that they will use AMD's new AI chip
00:07 called Instinct MI300X, showing demand for alternatives
00:11 to NVIDIA's expensive GPUs,
00:12 which are dominating the AI market.
00:14 Meta, Microsoft and Oracle Cloud Services
00:17 said they plan on using the MI300X for AI tasks,
00:20 such as processing images and stickers
00:22 and assisting with AI models,
00:24 which is showing confidence in it as a competitor.
00:27 AMD still expects 2 billion in data center GPU revenue
00:30 by 2024 compared to NVIDIA's over 14 billion last quarter.
00:35 AMD hopes to gain market share that is projected
00:37 to be approximately 400 billion
00:39 in the AI chip market by 2027.
00:41 - For all things money, visit Benzinga.com.

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