AMD throws down the gauntlet to rival Nvidia

latest artificial intelligence processors on Monday and detailed its plan to develop AI chips over the next two years in a bid to challenge industry leader Nvidia.CEO Lisa Su introduced the MI325X accelerator, which is set to be made available in the fourth quarter of 2024.

“AI is clearly our number one priority as a company and we have really harnessed all of the development capability within the company to do that,” Su told reporters. Investors who have poured billions of dollars into Wall Street’s picks-and-shovels trade have been seeking longer-term updates from chip firms, as they evaluate the longevity of the booming gen AI rally, which so far has shown no signs of slowing down.

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