AMD Targets Nvidia's Dominance In The GPU Market With A New AI Chip, Seeking To Grab $500 Billion Of Market By 2028

AMD has introduced its new AI chip, which targets Nvidia's dominance in the data center GPU market. The chip is set to enter production by the end of 2024 and is designed to challenge Nvidia’s 75% market share. The launch aims to capitalize on the AI chip boom fueled by generative AI platforms like OpenAI’s ChatGPT, which require massive data center processing power. AMD, which holds the second-largest market share, is looking to capture a share of the $500 billion AI chip market expected by 2028. The chipmaker AMD also introduced a new line of CPUs.