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AMD jumps 9% on report Microsoft is collaborating on A.I. chip push

Lisa Su, CEO, AMD

Scott Mlyn | CNBC

AMD shares reached a session excessive on Thursday following a media report claiming the chipmaker was working with Microsoft on a brand new artificial-intelligence processor.

Microsoft’s high opponents within the cloud infrastructure market, Amazon and Alphabet, each have their very own specialised chips that software program builders can use to coach fashions. However Microsoft up to now has not launched a special-purpose AI chip. The one in improvement in partnership with AMD carries the code title Athena, Bloomberg reported.

Microsoft helps AMD to fund the initiative, Bloomberg reported, citing nameless sources.

Nvidia shares moved decrease following the report. Like different giant know-how firms, Microsoft depends on Nvidia graphics processing items to run AI fashions.

AMD declined to remark. A Microsoft consultant didn’t instantly reply to a request for remark.

The necessity for silicon that may deal with AI has grow to be extra vital than ever prior to now six months, notably at Microsoft, which offers the computing sources for startup OpenAI’s viral ChatGPT chatbot.

Learn the total Bloomberg report right here.

That is breaking information. Please examine again for updates.