Overview

• AMD shares jumped after reports that the company is collaborating with Microsoft to develop an artificial intelligence processor called Athena.
• Microsoft is helping fund AMD's push into AI chips, according to anonymous sources.
• The new AI chip will be able to both train models and make inferences on new data.
• Microsoft's cloud competitors Amazon and Alphabet have their own AI chips for developers.
• Hundreds of Microsoft employees are working with AMD on the Athena project.