As demand for specialised AI hardware continues to surge, driven by the widespread adoption of generative AI technologies across industries, Advanced Micro Devices (AMD) has launched a new range of artificial intelligence (AI) accelerators and networking solutions, intensifying its competition with market leader Nvidia in the rapidly growing AI chip sector.
The global AI chip market, valued at US$123bn in 2023, is projected to reach US$311bn by 2028, according to research firm MarketsandMarkets. Nvidia currently dominates this space, with its graphics processing units (GPUs) powering much of the world’s AI infrastructure.
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