AI Chips a $45 billion industry in 2023, believes AMD, hedges massive bets on the sector
AMD believes that AI Chips was a $45 billion industry in 2023, and that next year, they will be selling at least $2 billion worth of AI chips for data centres. AMD also believes that AI Chips for data centres will be at least a $400 billion market
Advanced Micro Devices (AMD) has projected a $45 billion market for artificial intelligence processors for data centre in 2023, up from its $30 billion estimate in June.
The announcement accompanied the launch of two new AI data centre chips from its MI300 lineup.
One chip, MI300X, is designed for generative AI applications and features advanced high-bandwidth memory for enhanced performance, while the other is tailored for supercomputers.
Related Articles
NVIDIA’s way of the SamurAI: CEO Jensen Huang to prioritise Japan for specialised processors
NVIDIA collaborates with US Govt to make low-grade AI Chips for the Chinese market
AMD CEO Lisa Su stated that the company has a “significant” supply of AI chips exceeding $2 billion for the upcoming year, with strong demand from customers.
AMD executives emphasized the rising demand for AI chips, foreseeing the data centre AI chip market growing to approximately $400 billion by 2027.
Currently, analysts estimate that NVIDIA dominates around 80 per cent of the AI chip market, including custom processors by companies like Google and Microsoft.
While NVIDIA’s data centre revenue for the year stands at $29.12 billion, AMD’s new MI300 series aims to compete directly with NVIDIA’s flagship AI processors.
In addition to the hardware launch, AMD introduced a new version of the software essential for deploying the AI chips, showcasing the company’s commitment to advancing its AI capabilities.
(With inputs from agencies)
AMD believes that AI Chips was a $45 billion industry in 2023, and that next year, they will be selling at least $2 billion worth of AI chips for data centres. AMD also believes that AI Chips for data centres will be at least a $400 billion market
Advanced Micro Devices (AMD) has projected a $45 billion market for artificial intelligence processors for data centre in 2023, up from its $30 billion estimate in June.
The announcement accompanied the launch of two new AI data centre chips from its MI300 lineup.
One chip, MI300X, is designed for generative AI applications and features advanced high-bandwidth memory for enhanced performance, while the other is tailored for supercomputers.
Related Articles
NVIDIA’s way of the SamurAI: CEO Jensen Huang to prioritise Japan for specialised processors
NVIDIA collaborates with US Govt to make low-grade AI Chips for the Chinese market
AMD CEO Lisa Su stated that the company has a “significant” supply of AI chips exceeding $2 billion for the upcoming year, with strong demand from customers.
AMD executives emphasized the rising demand for AI chips, foreseeing the data centre AI chip market growing to approximately $400 billion by 2027.
Currently, analysts estimate that NVIDIA dominates around 80 per cent of the AI chip market, including custom processors by companies like Google and Microsoft.
While NVIDIA’s data centre revenue for the year stands at $29.12 billion, AMD’s new MI300 series aims to compete directly with NVIDIA’s flagship AI processors.
In addition to the hardware launch, AMD introduced a new version of the software essential for deploying the AI chips, showcasing the company’s commitment to advancing its AI capabilities.
(With inputs from agencies)
Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.