AMD to Unveil New AI Chips and CPUs, Aims to Compete with Nvidia in Expanding AI Market

Key Points

  • AMD will unveil new AI processors, including the MI325X and MI350 series, aiming to challenge Nvidia’s Blackwell architecture.
  • The company will also introduce server CPUs and PC chips with enhanced AI computing capabilities.
  • Demand for AMD’s MI300X AI chip has surged, leading to a raised revenue forecast of $4.5 billion for 2024.
  • While AMD’s AI chip growth is significant, Nvidia remains the dominant player, with an expected data center revenue of $110.36 billion.

Advanced Micro Devices (AMD) is expected to announce a range of new artificial intelligence (AI) processors and other chips at a highly anticipated event in San Francisco on Thursday. This move comes as AMD continues challenging Nvidia Corporation, the dominant player in the AI chip market. The event will likely feature the unveiling of AMD’s latest AI products, including the MI325X chip and the next-generation MI350 chip, which the company had previewed at the Computex trade show in Taiwan earlier this year.

The upcoming MI350 series, slated for release next year, is expected to offer enhanced computing power and memory capabilities. These improvements aim to compete directly with Nvidia’s Blackwell architecture. AMD focuses on boosting performance to meet the growing demand for chips that power artificial intelligence applications and data centers.

In addition to AI processors, AMD is also likely to introduce new server central processing units (CPUs) and PC chips. These new products will feature greater AI computing capabilities, further strengthening AMD’s portfolio in the AI and general computing markets. This expansion indicates AMD’s commitment to becoming a more significant supplier of AI chips as demand for such technologies continues to soar.

The current MI300X AI chip, launched in late 2023, has seen strong demand, particularly in light of the increasing interest in building and deploying generative AI products. To keep up with this demand, AMD has ramped up production of the MI300X, helping the company gain traction in the competitive AI chip market. In July, AMD raised its annual AI chip revenue forecast to $4.5 billion, up from its previous target of $4 billion.

Despite AMD’s advancements, industry analysts suggest that the company’s launch on Thursday will unlikely immediately impact Nvidia’s data center revenue. Nvidia currently dominates the AI chip space, with an expected data center revenue of $110.36 billion for 2024, compared to AMD’s forecast of $12.83 billion.

The demand for AI chips far exceeds the current supply, meaning both companies will likely benefit from continued growth in the sector. AMD and Nvidia’s competition is expected to intensify as both companies continue to innovate and meet the needs of the rapidly expanding AI market.

EDITORIAL TEAM
EDITORIAL TEAM
TechGolly editorial team led by Al Mahmud Al Mamun. He worked as an Editor-in-Chief at a world-leading professional research Magazine. Rasel Hossain and Enamul Kabir are supporting as Managing Editor. Our team is intercorporate with technologists, researchers, and technology writers. We have substantial knowledge and background in Information Technology (IT), Artificial Intelligence (AI), and Embedded Technology.

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