AMD expected to outline plans for AI chip business at analyst day

The spot decorator has been attempting to grow its AI concern arsenic rival Nvidia gobbles up ‌market stock for information halfway chips arsenic the marketplace explodes. AMD has been palmy successful the cardinal processor (CPU) business, steadily taking stock against Intel.

The company's next-generation MI400 bid of AI chips is acceptable to motorboat successful 2026 and see respective variants ⁠designed for technological applications and ‌for generative AI. Along with the MI400 chips, AMD is besides readying to motorboat a implicit server rack, akin to a ‍product Nvidia sells called the GB200 NVL72.

At AMD expert days, concern portion heads typically contiguous a bid of projections and fiscal forecasts for the adjacent respective years. Beyond its AI chips, AMD ​likely volition sermon its PC and video crippled spot businesses and its programmable spot ‌unit.

Last week, the Santa Clara, California-based institution forecast fourth-quarter gross that topped Wall Street estimates. Demand for AI chips gave AMD executives a crushed for optimism astir the remainder of the year. The company's information halfway CPU concern has besides benefitted from the surge successful AI-related spending.

The institution past held an expert time successful ⁠2022. Tuesday's lawsuit volition commencement astatine 1 ​p.m. EST (1800 GMT).

AMD signed ​a multiyear woody with ChatGPT creator OpenAI successful October that volition bring the institution much than $100 cardinal successful caller gross implicit 4 years from OpenAI ‍and different customers. ⁠As portion of the arrangement, OpenAI volition person warrants that let it to acquisition a involvement of up to 10% successful the chipmaker.

The OpenAI statement was ⁠a much-needed ample lawsuit for AMD, which has not yet captured the outsized returns from the ‌boom successful AI spending arsenic Nvidia has.

(Reporting by Max A. Cherney ‌in New York; Editing by Matthew Lewis)