10 AI News You Shouldn’t Miss

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

Number of Hedge Fund Holders: 108

Advanced Micro Devices, Inc. (NASDAQ:AMD) operates as a semiconductor manufacturer. Lisa Su, the CEO of the firm, recently said that graphic processing units (GPUs) might not be the architecture of choice for companies working on AI within the next five years because they did not offer the level of programmability tech firms wanted. The CEO was contextualizing earlier statements in which she said that GPUs right now were the architecture of choice for large language models, because they were very efficient for parallel processing. Su further noted that the next phase would not be a transition away from GPUs but rather a broadening beyond them. Custom AI chips, tailored to company-specific AI tasks, are already gaining traction in the tech world, highlighting the broadening away from GPUs.