AI chip race heats up as AMD introduces rival to Nvidia technology
Advanced Micro Devices has revealed a new artificial intelligence chip in its race to compete with rival chipmaker Nvidia in supplying the foundation for a boom in AI-fueled business tools. The semiconductor company, based in Santa Clara, California, described its new MI300X chip as “the world’s most advanced accelerator for generative AI.” It’s expected to attract interest from big cloud providers such as Amazon or Microsoft, but AMD hasn’t specified which cloud provider might use it. CFRA senior equity analyst Angelo Zino predicted this month that that AMD’s MI300 processor “will see significant interest from cloud