AMD Cuts Workforce to Focus on AI Chip Market
Update: 2024-11-15
Description
AMD is laying off 4% of its global workforce to reallocate resources towards the rapidly growing AI chip market, aiming to challenge Nvidia's dominance with new AI accelerators and strategic partnerships. Despite economic pressures and stiff competition, AMD is committed to innovation and capturing a larger share of the AI sector, projected to be worth $500 billion by 2028.
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