13 AI News and Ratings You Probably Missed

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

Number of Hedge Fund Holders: 107

Advanced Micro Devices, Inc. (NASDAQ:AMD) is known for its semiconductor products, delivering processors and graphics units for data centers, gaming, and embedded systems. The company specializes in high-performance computing solutions designed for AI-driven applications.

On January 8, AMD entered a strategic collaboration with Absci Corporation, including a $20 million investment to support the company’s AI-driven drug discovery efforts. By providing AMD Instinct accelerators and ROCm software, AMD is looking to help Absci optimize its AI solutions for biologic drug development, particularly in antibody design.

The partnership will allow Absci to accelerate the creation of next-generation therapeutics while benefiting from AMD’s high-performance computing capabilities. Mark Papermaster, AMD’s CTO, highlighted that the collaboration aligns with AMD’s mission to power demanding AI workloads in innovative fields like drug discovery. He said:

“We are proud to partner with Absci, a company at the forefront of AI-driven drug discovery, to help further accelerate breakthroughs in therapeutics and transform how biologic drugs are developed… Absci’s groundbreaking work in AI drug discovery is a perfect fit for AMD high-performance computing solutions and software, designed for the most demanding AI workloads.”

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