AMD’s big plans

June 04, 2024

AMD chairman and CEO Lisa Su delivers the first AI keynote speech in Computex in Taipei on June 3, 2024.

(Jameson Wu/EYEPRESS)

AMD has big plans to challenge Nvidia’s dominance in the AI chip market. At a trade show in Taipei on June 3, AMD unveiled its MI325X accelerator chip, which will be available by the fourth quarter of the year. It also stated plans to launch two additional chips, one in 2025 and one in 2026.

Nvidia dominates the chip market with about 70% market share, but AMD along with Intel and other chipmakers, want to make a dent in their rival’s sales. Meanwhile, reports suggest that Meta and Google are building their own chips while OpenAI chief Sam Altman is trying to raise money for a chip venture of his own.

25 or 50? Jobs report likely to influence magnitude of Fed’s rate cut

Federal Reserve Chair Jerome Powell testifies during a U.S. House Oversight and Reform Select Subcommittee hearing on coronavirus crisis, on Capitol Hill in Washington, U.S., June 22, 2021.

Graeme Jennings/Pool via REUTERS

Uncertainty will be high as the markets open today. Selloffs in the US market this week have raised recession fears while investors await the release of Friday’s US jobs report.

AMD’s big plans

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Subscribe to GZERO Media's newsletter: Signal

More from GZERO Media

Friday’s new US jobs report showed that unemployment ticked down to 4.2% and employers added 142,000 jobs in August, lower than the 161,000 expected.

Former President Donald Trump’s sentencing in his New York hush-money case, which had been scheduled for Sept. 18, has been delayed until after Election Day.

An American woman was fatally shot at a protest against settlement expansion in the Israeli-occupied West Bank on Friday, the State Department confirmed.

What on Earth is going on in Brazil? The world’s richest man, Elon Musk, is locked in a high-profile, increasingly nasty clash with Latin America’s largest economy, which has recently banned Musk’s X platform.

GZEROMEDIA

Subscribe to GZERO Media's newsletter: Signal

Here’s a breakdown of the corridor’s significance and the implications of Netanyahu’s stance.

Honduran President Xiomara Castro faced calls to resign on Wednesday after journalists released a video of her brother-in-law negotiating payoffs with convicted drug traffickers.

US Secretary of State Antony Blinken visited Haiti for the first time on Thursday, underscoring American support for the struggling Caribbean government and the Kenyan-led security mission meant to stabilize the country.

Just as jury selection was about to start for his federal tax evasion trial, Hunter Bidenhas offered to plead guilty in a last-ditch effort to avoid a costly and potentially damning public trial.

Uncertainty will be high as the markets open today. Selloffs in the US market this week have raised recession fears while investors await the release of Friday’s US jobs report.