AMD Launches New AI Chips and Cloud Services to Compete with Nvidia and OpenAI
AMD announced its next-generation MI400 AI chips at its 'Advancing AI' event, with major customers like OpenAI, Meta, and Microsoft, and plans for a 2026 launch. The company also introduced the Instinct MI350 GPUs, offering four times the computing power of previous models, and showcased its AI server architecture, Helios, competing with Nvidia's upcoming products. Despite the announcement, AMD's stock dipped slightly for the year.