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AMD launches new data-center AI chips, software to go up against Nvidia and Intel

Advanced Micro Devices Inc. officially unveiled several products at its Data Center & AI Technology Premiere event in San Francisco on Tuesday that are meant to take on Nvidia Corp. and Intel Corp., but AMD shares were under pressure following the announcements.

During her keynote address, AMD AMD Chair and Chief Executive Lisa Su introduced the Instinct MI300X accelerator, which was specifically designed to handle generative-AI workloads. During the keynote, Su said customers are now sampling one version, the MI300A. Su had…

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