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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