AMD Gains as U.S. Department of Energy Announces $1B Supercomputing Partnership
TL;DR
AMD has partnered with the U.S. Department of Energy in a $1 billion project to develop two supercomputers, Lux and Discovery, aimed at advancing scientific research in areas like nuclear energy, cancer treatment, and national security. The project enhances AMD's role in high-performance computing and AI infrastructure, with the first system, Lux, launching within six months, and the second, Discovery, expected in 2029. AMD stock has gained over 1% following the announcement.
Topics:businesstechnology#ai#amd#high-performance-computing#supercomputing#technology#us-department-of-energy
- AMD Stock Edges Higher on $1B Supercomputing Project with U.S. Energy Department TipRanks
- US Department of Energy forms $1 billion supercomputer and AI partnership with AMD Yahoo Finance
- AMD rises as CEO, Energy Secretary disclosed $1B partnership for supercomputers (AMD:NASDAQ) Seeking Alpha
- ORNL Discovery and Lux Powered by HPE and AMD Announced ServeTheHome
- U.S. Department of Energy and AMD cut a $1 billion deal for two AI supercomputers — pairing has already birthed the two fastest machines on the planet Tom's Hardware
Want the full story? Read the original reporting
Read on TipRanks