AMD says new chips can top Nvidia's in booming AI chip field [Fortune]
Intel Corporation (INTC)
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Source: Fortune
The latest installments in AMD's MI350 chip series are faster than Nvidia counterparts and represent major gains over earlier versions, Su said at a company event Thursday in San Jose, California. New MI355 chips, which started shipping earlier this month, are 35 times faster than predecessors, she said. Though AMD remains a distant second to Nvidia in AI accelerators — the chips that help develop and run artificial intelligence tools — it aims to start catching up with these new products. The stakes are higher than ever: Su previously predicted $500 billion in market revenue by 2028, but she now sees it topping that number. In February, AMD gave a forecast for its data center business that showed growth is coming at a slower pace than some analysts had predicted. AMD believes the new update to its MI range will restore momentum and prove it can go toe to toe with a much bigger rival. AMD said that the MI355 outperforms Nvidia's B200 and GB200 products when it comes to running
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