Benzinga
  • 2 months ago
AMD has introduced its new AI chip, which targets Nvidia's dominance in the data center GPU market. The chip is set to enter production by the end of 2024 and is designed to challenge Nvidia’s 75% market share. The launch aims to capitalize on the AI chip boom fueled by generative AI platforms like OpenAI’s ChatGPT, which require massive data center processing power. AMD, which holds the second-largest market share, is looking to capture a share of the $500 billion AI chip market expected by 2028. The chipmaker AMD also introduced a new line of CPUs.

Category

🗞
News
Transcript
00:00It's Benzinga, and here's what's on the block.
00:02AMD has introduced its new AI chip, which targets NVIDIA's dominance in the data center
00:07GPU market.
00:09The chip is set to enter production by the end of 2024 and designed to challenge NVIDIA's
00:1475% market share.
00:16The launch aims to capitalize on the AI chip boom fueled by generative AI platforms like
00:20OpenAI's Chat GPT, which require massive data center processing power.
00:25AMD, which holds the second largest market share, is looking to capture a share of the
00:29$500 billion AI chip market expected by 2028.
00:34The chipmaker AMD also introduced a new line of CPUs.
00:37For all things money, visit Benzinga.com.

Recommended

0:47
I
Up next
AMD to Lay Off 4% of Workforce, Aiming to Realign for Growth in the AI Chip Market as Rival Nvidia Holds Majority Market Share
Benzinga
0:42
Will Nvidia Hold Its AI Dominance?
Benzinga
1:30
The Health of Your Eyes Can Indicate True Biological Age, Study Shows
Wibbitz Top Stories
0:51
Tech Titans Microsoft and Meta Bet Big on AMD’s Latest AI Chips
Benzinga
0:45
Meta, Microsoft, and Oracle Embrace AMD's Instinct MI300X Chip As a Cost-Effective Alternative to Nvidia GPUs for AI Tasks
Benzinga
0:44
Nvidia Stock Surges to Near $1T as Generative AI Spurs Growth
Benzinga
1:31
Intel Reveals New AI Chips
Wibbitz Top Stories
0:36
AMD's Data Center Sales Surge With AI GPUs, Boosting Q3 Results
Benzinga
0:39
Nvidia Hits Record Close, Fueled by AI Spending. Investors Anticipate Earnings Season From Major Tech Customers.
Benzinga
0:38
Nvidia Tops Apple In Market Cap Amid AI Surge, Hitting Over $3.4 Trillion Valuation
Benzinga
0:42
Nvidia May Invest $100 Million in OpenAI, Joining Apple and Microsoft. Massive Funding Round Could Value the AI Startup at Over $1 Billion.
Benzinga
0:41
AMD to Acquire ZT Systems for $5 Billion in AI Hardware Expansion to Compete with Rival Nvidia
Benzinga
0:54
Nvidia Stock Slides as Reports of Potential Chip Sale Restrictions to China Surface
Benzinga
0:42
Intel Sells Arm Holdings Stake, Raises Over $140 Million as Its AI Chip Development Lags Behind Rivals
Benzinga
0:39
Nvidia Shares Soar to All-Time High on News of Elon Musk's xAI's Ambitious Supercomputer Project
Benzinga
0:35
Nvidia To Report Q3 Earnings Amid AI Chip Market Dominance
Benzinga
0:38
Nvidia Tops Retail Favorites With $30B Net Inflows, Rivaling Tesla in 2024
Benzinga
0:40
Nvidia Emerges as Pioneer in AI Technology, as the Chipmaker Prepares to Release Its Blackwell GPU
Benzinga
0:37
AMD Partners With Microsoft, Meta, And Google On New AI Accelerator Link Standard To Challenge Nvidia's Dominance
Benzinga
0:35
Nvidia Faces Key Test With Q3 Report As Investors Eye AI Growth
Benzinga
0:33
Nvidia Sees 'Insane' Demand For Blackwell Chips, Designed for Generative AI Era. 'Everybody Wants to Be First,' Says CEO Jensen Huang. Stocks Surge in After-Hours Trading.
Benzinga
0:47
Mark Zuckerberg Hints At Meta's Ambitious AI Investment Plan: $9 Billion on Nvidia's H100 Chips
Benzinga
0:41
Intel Eyes Altera Stake Sale To Raise Billions As Chipmaker Struggles To Gain Ground In AI Boom
Benzinga
0:38
Micron's Posts Strong Quarterly Results, Forecasts Steady Revenue on AI Product Demand
Benzinga
0:50
Analyst Predicts AI Bull Boom
Benzinga