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.
AMD to Cut 4% of Global Workforce as It Focuses on AI Chip Development
The logo of semiconductor company Advanced Micro Devices Inc (AMD) is seen on a graphics processing unit (GPU) chip in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo (Reuters) - Advanced Micro Devices is laying off 4% of its global workforce,
Nvidia is still the fastest AI and HPC accelerator across all MLPerf benchmarks; Hopper performance increased by 30% thanks ...
Additionally, Nvidia's stock is technically cheaper than AMD's. While not inexpensive, Nvidia's shares have a ...
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AMD Lays Off 1,000 Employees as It Shifts Focus to AI Chips Amid Competition with NvidiaAdvanced Micro Devices (AMD) has emerged as Nvidia’s closest rival in the lucrative market for chips powering complex ...
AMD has announced the move at the time when it is facing stiff competition from its closest rival, Nvidia, in the AI chip ...
AMD cuts workforce by 4%, refocusing on AI chips to compete with Nvidia. With AI chip sales expected to reach $5 billion in ...
AMD has confirmed that it’s laying off 4% of its workforce to focus on “large growth opportunities.” It’s unclear how many ...
AMD is the second-biggest producer of graphics processing units, or GPUs, behind Nvidia. AMD said on Wednesday that it ...
Our theme of Internet Infrastructure Stocks which includes companies that sell hardware and software for server processors, ...
Zoho CEO Sridhar Vembu critiqued Intel's decline, attributing it to prioritizing short-term profits over employee well-being.
Nvidia APU rumored to equal RTX 4070 laptop GPU in performance Laptops are already being made with the APU, including from ...
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