Meta, Microsoft, and Oracle Embrace AMD's Instinct MI300X Chip As a Cost-Effective Alternative to Nvidia GPUs for AI Tasks

Benzinga

Meta, OpenAI, and Microsoft announced they will use AMD's new AI chip called Instinct MI300X, showing demand for alternatives to Nvidia's expensive GPUs dominating the AI market. Meta, Microsoft, and Oracle cloud services said they plan to use the MI300X for AI tasks like processing images and stickers and assisting with AI models, showing confidence in it as a competitor. AMD still only expects $2 billion in data center GPU revenue by 2024, compared to Nvidia's over $14 billion last quarter. AMD hopes to gain market share of the projected $400B AI chip market by 2027.

Transcript

00:00 It's Benzinga and here's what's on the block.

00:02 - Meta, OpenAI and Microsoft announced

00:05 that they will use AMD's new AI chip

00:07 called Instinct MI300X, showing demand for alternatives

00:11 to NVIDIA's expensive GPUs,

00:12 which are dominating the AI market.

00:14 Meta, Microsoft and Oracle Cloud Services

00:17 said they plan on using the MI300X for AI tasks,

00:20 such as processing images and stickers

00:22 and assisting with AI models,

00:24 which is showing confidence in it as a competitor.

00:27 AMD still expects 2 billion in data center GPU revenue

00:30 by 2024 compared to NVIDIA's over 14 billion last quarter.

00:35 AMD hopes to gain market share that is projected

00:37 to be approximately 400 billion

00:39 in the AI chip market by 2027.

00:41 - For all things money, visit Benzinga.com.

Category

Transcript

Comments

Recommended