Friday, September 22, 2023

Microsoft Finances AMD’s Expansion into AI Chips

By ET Bureau - May 07, 2023 1 Mins Read

Microsoft Finances AMD's Expansion into AI Chips

Microsoft Corp is partnering with Advanced Micro Devices Inc. on the chipmaker’s expansion into artificial intelligence (AI) processors. AMD shares raised 9% on the news, while Microsoft shares were up about 1%.

The software company is offering financial support to strengthen AMD’s efforts and partnering with the chipmaker on an in-house Microsoft processor for AI workloads, code-named Athen. Hundreds of resources based at the silicon division at Microsoft are now focusing on the Athena project.

Read More: Microsoft helping finance AMD’s expansion into AI chips, Bloomberg reports

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