💨 Abstract

AMD is reducing its global workforce by 4%, or approximately 1,000 employees, to focus on developing AI chips and compete with industry leader Nvidia. AMD aims to boost its AI chip production with the MI325X, set to commence in Q4, despite high costs due to manufacturing constraints. The data center segment, housing AMD's AI graphics processors, saw a two-fold revenue increase in Q3, while the gaming unit sales declined.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖