AMD Launches New AI Chips, Gaining Support from Tech Giants

Microsoft, Meta, and OpenAI Plan to Use AMD's New AI Chips, Challenging Nvidia's Market Dominance

AMD has launched its latest artificial intelligence (AI) chip, the Instinct MI300X and MI300A, aimed at rivaling Nvidia's dominance in the AI chip market.
Tech giants Microsoft, Meta, and OpenAI have expressed their intention to use AMD's new AI chips, indicating a potential shift in the market.
AMD's new chips are said to offer more memory capacity and compute power compared to Nvidia's H100 HGX platform, potentially leading to cost savings for AI models.
Despite the promising hardware, AMD's success in the AI chip market may hinge on its software support, where Nvidia currently has an advantage with its CUDA platform.
AMD's shares rose significantly following the launch, suggesting investor confidence in the company's ability to capture a portion of the AI chip market.