With no big customers named, AMD’s AI chip challenge to Nvidia remains uphill fight

Advanced Micro Devices Inc on Tuesday gave new details about an artificial intelligence chip that will challenge market leader Nvidia Corp, but the company left out what Wall Street wanted to know – who plans to buy it.

Santa Clara, California-based AMD said the forthcoming chip, which will start trickling out in the third quarter followed by mass production beginning in the fourth quarter, will have 192 gigabytes of memory.

That could help tech companies get a handle on the spiraling cost of delivering services similar to ChatGPT, AMD Chief Executive Lisa Su told Reuters in an interview. She spoke following a keynote presentation in San Francisco during which Su showed an AI system on the MI300X chip writing a poem about the city.