10 AI News That Broke the Internet

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

Number of Hedge Fund Holders: 107

Advanced Micro Devices, Inc. (NASDAQ:AMD) integrates AI into its semiconductor solutions, including processors, GPUs, and adaptive SoCs, to support data processing, gaming, and embedded systems.

AMD’s ventures arm co-led a $3.5 billion growth financing round for Vultr, a major provider of cloud infrastructure and AI solutions. On December 18, the cloud infrastructure provider announced that it raised $333 million in funding, led by AMD’s venture arm and LuminArx Capital Management. Vultr, which uses AMD Instinct accelerators, plans to utilize the funding to expand its global presence and AI infrastructure capabilities. AMD highlighted Vultr’s expertise in delivering scalable and secure cloud solutions, emphasizing their shared mission to support enterprises and AI innovators with high-performance computing for AI development and deployment. J.J. Kardwell, CEO of Vultr said:

 “As we continue our global expansion, LuminArx’s collaborative, innovative approach and AMD’s strategic impact enable Vultr to further accelerate growth in AI infrastructure and cloud computing, creating the category-defining independent cloud infrastructure company.”