AMD produces AI accelerators for data centers, including the MI300X, used by companies like Meta and Microsoft as an alternative to Nvidia-based systems. However, Nvidia's dominance is partly due to its development of core software used by AI engineers to create programs such as OpenAI's ChatGPT.
Key takeaways:
- AMD has announced plans to cut 4% of its global workforce, affecting approximately 1,040 employees, as it repositions to compete in the AI chip market.
- The AI chip market is currently dominated by Nvidia, which holds over 80% market share.
- AMD produces powerful AI accelerators for data centers, including the MI300X, which is purchased by companies like Meta and Microsoft as an alternative to Nvidia-based systems.
- Nvidia's dominance in the market is partially due to its development of the core software that AI engineers use to develop programs such as OpenAI's ChatGPT.