Posted on 11/13/2024 11:56:58 AM PST by Red Badger
Key Points
AMD said on Wednesday that it will lay off 4% of its global staff.
AMD had 26,000 employees at the end of last year, according to a U.S. Securities and Exchange Commission filing.
AMD is the second-biggest producer of graphics processing units, or GPUs, behind Nvidia.
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AMD said on Wednesday that it will lay off 4% of its global staff as the longtime computer chipmaker seeks to gain a stronger foothold in the growing artificial intelligence chip space dominated by Nvidia.
″As a part of aligning our resources with our largest growth opportunities, we are taking a number of targeted steps that will unfortunately result in reducing our global workforce by approximately 4%,” an AMD representative said in a statement. “We are committed to treating impacted employees with respect and helping them through this transition.”
AMD had 26,000 employees at the end of last year, according to a U.S. Securities and Exchange Commission filing.
AMD is the second-biggest producer of graphics processing units, or GPUs, behind Nvidia. The company has said AI represents one of its largest growth opportunities. AMD stock is down 5% in 2024 while Nvidia shares are up 200%, making it the most valuable publicly traded company in the world.
AMD produces powerful AI accelerators for data centers, including the MI300X, which companies such as Meta and Microsoft purchase as an alternative to Nvidia-based systems. But Nvidia dominates the market for powerful AI chips, with over 80% market share, partially because it developed the core software that AI engineers use to develop programs such as OpenAI’s ChatGPT.
AMD said in October it expects $5 billion in AI chip sales this year, about a fifth of the $25.7 billion in total sales FactSet projects for AMD’s 2024. AMD believes the total market for AI chips will be $500 billion by 2028, but its total sales are currently dwarfed by Nvidia, which FactSet expects to post $125.9 billion in revenue for calendar year 2024.
GPUs were originally developed for gaming, which is lagging at AMD. AMD’s gaming segment is expected to decline 59% in 2024 to $2.57 billion in revenue, according to FactSet.
AMD also makes processor chips for laptops, desktops and servers, competing primarily with Intel. Its share of server CPU sales rose nearly 3% on an annual basis in the third quarter to 34%, according to Mercury Research.
Ain’t Bidenomics great?
All these chip fab companies get BILLIONS in taxpayer dollars in these “public/private” deals that screw us. Then they close up shop or fire employees.
AMD said on Wednesday that it will lay off 4% of its global staff as the longtime computer chipmaker seeks to gain a stronger foothold in the growing artificial intelligence chip space
https://www.techradar.com/news/what-is-an-ai-chip-everything-you-need-to-know
While typically GPUs are better than CPUs when it comes to AI processing, they’re not perfect. The industry needs specialised processors to enable efficient processing of AI applications, modelling and inference. As a result, chip designers are now working to create processing units optimized for executing these algorithms. These come under many names, such as NPU, TPU, DPU, SPU etc., but a catchall term can be the AI processing unit (AI PU).
The AI PU was created to execute machine learning algorithms, typically by operating on predictive models such as artificial neural networks. They are usually classified as either training or inference as these processes are generally performed independently.
Could be a good thing longterm if they can really etake some of NVDA’s market. Hopefully they’ll replace those layoffs to increase their production as well. Intel is imploding and AMD is selling CPUs as fast as it can produce them.
They should model them after the human brain. A set of CPU’s just to handle just the basic stuff like breathing and heart rate, and the SPU (Specialized PU) for doing the thinking stuff.................
This AI stuff is coming whether I like it or not. But I will be a luddite.
Is the AI chip accelerator market saturated?
Not yet..................
“The AI PU was created to execute ...
I think the AI PUs are fast adders, multipliers, etc. They’re a bunch of transistors most of which are always switching from 0 to 1 or vice versa. It’s a “switch” that consumes energy.
Contrast this with a memory chip, which has thousands of transistors but only a small fraction are switching at a given time.
Thus, the AI PUs are energy gobblers. Put a bunch of them together, each running essentially the same not-so-imaginative software, and you have these data centers that can gobble a Three Mile Island unit.
Thus, the AI PUs are energy gobblers. Put a bunch of them together, each running essentially the same not-so-imaginative software, and you have these data centers that can gobble a Three Mile Island unit.
and for this extra energy we will get more answers that are possibilities with multiple decimal points?
ok, technology is appropriate for some uses. But I have the feeling this technology will be used for improper uses.
That’s what I have heard, and why nuclear power plants will be needed, not sun & wind energy generators which may be green, but are so inefficient that render them to being useless.
I think AMD is a great option, and preferred over the others.
What about the brain of a woke-baptized leftist? Yet which thinking the Lord Jesus can transform, thank God.
That’s what I have heard, and why nuclear power plants will be needed, not sun & wind energy generators which may be green, but are so inefficient that render them to being useless.
Yes, and even the gov. still promotes it: https://www.energy.gov/ne/articles/3-reasons-why-nuclear-clean-and-sustainable. Yet liberal elites who always are looking to protest something are catered to.
As Micron spends money toward CNY chip plant, expert says project promises not a done deal
For cost relative to performance. I have always bought AMD for my own home builts, thank God. Not a gamer, but this rig with a Ryzen 3200G (integrated graphics, $100 then, not 76: now get Ryzen 5400g for 104)) and 128GB RAM on a MSI b450 Pro mobo easily runs two Bible programs, 8 browsers with multiple tab rows (each for its own general purpose) in Vivaldi and and FF, and hundreds of tabs, plus 2 word pros with multiple documents, with two NVME drives and the rest being Sata SSD's, and can do video editing and more. RAM use does tend to creep up to about 64GB after many days of sleep/walk cycles though.
Thanks be to God, seriously.
It is more than obvious to people that actually think for themselves that they have been wrong with every prediction they have made, so it is really about acquiring more power for themselves, which of course is exactly what it is about.
So, it really does not surprise me that they are still sticking with their lying narrative, because they no longer hide their true ambition to have complete power. They felt they had secured that total control. The scary part of that is, they are now running up the numbers with bogus mail-in ballots to make it appear that they still have support and that Trump does not have a mandate, which of course the press will run with it yo start the rioting yet again.
I hope they are allowing them to do it to catch them red handed in their cheating this time around. Otherwise, we just may see another Civil War breakout in this nation. Which will not fare well for any of us, but the Democrats won't care.
It's like the jilted lover who kills their supposed love, justifying it as; if I can't can't have them, then no one will have them.
“Thanks for the explanation [of AI]”
I’m not sure that it was completely on target. I wish others would weigh in with their own perspectives.
I own AMD and have seen it go to about $221 last March and down to below $130 and today it is at $138.84
It was up to +40 above Nvidia but recently Nvidia passed AMD and is at $146.76 so I may buy that stock.
Next January I plan on selling if AMD does not go up as fast as it should. I cannot sell now as I do not want to pay taxes but next year when I would have over a year to make more money.
With Trump in office the economy will be much better so here’s hoping...
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