AMD to cut 4% of workforce to prioritize AI chip expansion and rival Nvidia
Advanced Micro Devices (AMD) is laying off 4% of its global workforce, around 1,000 employees, as it pivots resources to developing AI-focused chips. This marks a strategic shift by AMD to challenge Nvidia’s lead in the sector.
GlobalData on MSN14h
AMD to lay off 4% of staff to enhance AI chip development capabilitiesAdvanced Micro Devices (AMD) plans to reduce its global workforce by 4% as it aims to strengthen its position in the AI chip ...
AMD released benchmarks on Thursday showing that its own Ryzen AI 300 chip destroys Intel's latest Lunar Lake chip in gaming.
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