AMD to cut 4% of workforce to prioritize AI chip expansion and rival Nvidia
Briefly

from Network World3 months ago
In its recent earnings call, AMD CEO Lisa Su underscored that the data center and AI business is now pivotal to the company's future, expecting a 98% growth in this segment for 2024.
Network Worldhttps://www.networkworld.com/article/3605016/amd-to-cut-4-of-workforce-to-prioritize-ai-chip-expansion-to-rival-nvidia.html
Data center and AI drive growth: AMD has been growing rapidly through initiatives such as optimizing Instinct GPUs for AI workloads and meeting data center reliability standards, leading to a $500 million increase in the company's 2024 Instinct sales forecast.
Network Worldhttps://www.networkworld.com/article/3605016/amd-to-cut-4-of-workforce-to-prioritize-ai-chip-expansion-to-rival-nvidia.html
Su attributed the recent revenue gains to orders from clients like Microsoft and Meta, with the latter now adopting AMD's MI300X GPUs for internal workloads.
Network Worldhttps://www.networkworld.com/article/3605016/amd-to-cut-4-of-workforce-to-prioritize-ai-chip-expansion-to-rival-nvidia.html
However, unlike AMD's relatively targeted job reductions, Intel recently implemented far larger cuts, eliminating approximately 15,000 positions amid its restructuring efforts.
Network Worldhttps://www.networkworld.com/article/3605016/amd-to-cut-4-of-workforce-to-prioritize-ai-chip-expansion-to-rival-nvidia.html
Read at Network World
#amd #ai #data-center #earnings-call #gaming-chips
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