10 AI News Investors Should Not Miss

6. Advanced Micro Devices, Inc. (NASDAQ:AMD)

Number of Hedge Fund Holders: 108

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a global semiconductor company that designs and develops computer processors and graphic technologies. By integrating technology across CPUs, GPUs, and NPUs, it strives to create a strong ecosystem that supports the development of powerful AI applications.

On November 1^st, Advanced Micro Devices, Inc. (NASDAQ:AMD) announced that it has signed a memorandum of understanding (MOU) with Fujitsu Limited to form a strategic partnership for creating computing platforms for AI and high-performance computing (HPC). The partnership aims to facilitate the creation of open-source and energy-efficient platforms comprising advanced processors with superior power performance and highly flexible AI/HPC software. The aim is to speed up open-source AI and/or HPC initiatives. Combining Fujitsu’s world-leading supercomputer-based advanced CPU technology with industry-leading AMD GPU technology, the companies will target the joint development of innovative computing platforms for AI and HPC by 2027.

“By combining our cutting-edge AMD Instinct accelerators with Fujitsu’s advanced low-power processors, we are positioned to deliver high-performance and energy-efficient solutions that will benefit our joint AI and HPC customers. Our strategic partnership with Fujitsu not only underscores our commitment to innovation but also highlights our dedication to Japan, where we recognize the importance of local partnerships and expertise.  As we continue to expand our relationships in Japan, we are excited about the opportunities to create a more sustainable computing infrastructure that aligns with Japan’s technological leadership and commitment to sustainability”.

-Phil Guido, Executive Vice President and Chief Commercial Officer, AMD.