American multinational semiconductor company based in Santa Clara, California and Austin, Texas that develops computer processors and related technologies for business and consumer markets.
Advanced Micro Devices, Inc. (AMD) is an American multinational semiconductor company based in Santa Clara, California and Austin, Texas that develops computer processors and related technologies for business and consumer markets. While initially it manufactured its own processors, the company later outsourced its manufacturing, a practice known as fabless, after GlobalFoundrieswas spun off in 2009. AMD’s main products include microprocessors, motherboard chipsets, embedded processors and graphics processors for servers, workstations and personal computers, and embedded systems applications.
AMD is the second-largest supplier and only significant rival to Intel in the market for x86-based microprocessors. Since acquiring ATI in 2006, AMD and its competitor Nvidia have maintained a duopoly in the discrete Graphics Processing Unit (GPU) market.
Arm sees AI as a key driver to its growth. The company stated in an earlier report that its AI proposition differs from other notable players.
The stock market reacted negatively to the Fed Chair’s comment indicating that the apex bank was uninterested in rate cuts until after March.
IBM disclosed that the Alliance will support projects addressing benchmarks, evaluation standards, and the deployment of resources essential for the ethical use of AI systems on a global scale.