AMD Announces Future AI Chips, Will Speed Rollout of New Models

Advanced Micro Devices Inc. (AMD) is ramping up the release of its new artificial intelligence processors in a bid to challenge Nvidia Corp.’s dominant position in the highly profitable market. In her keynote address at the Computex conference in Taiwan, AMD CEO Lisa Su announced that the MI325X chip, which is the successor to the MI300, will be available for sale in the fourth quarter. The MI325X will offer improved memory and faster data throughput. AMD also revealed plans to launch the MI350 in 2025 and the MI400 in the following year. This move aligns with Nvidia’s strategy, as outlined by CEO Jensen Huang in a recent speech in Taipei, to release new chips on an annual basis.
AMD is one of the companies racing to enter the market with new products that aim to tap into the influx of funds being invested in new AI training systems. Currently, most of this money is being spent on Nvidia’s offerings. However, according to Su, AMD is still experiencing strong demand for its existing MI300 products, and its new models will be competitive with those of its rivals.

Compared to other companies vying against Nvidia, AMD has made the most progress. In fact, AMD has raised its sales target for AI accelerators to $4 billion this year. While this is a significant increase from almost nothing last year, it still falls short when compared to Nvidia. Estimates suggest that Nvidia’s data center unit alone is on track to generate annual sales that surpass $100 billion, surpassing the combined annual revenue of both AMD and Intel Corp.