We recently published a list of 15 AI News Updates Taking Wall Street By Storm. In this article, we are going to take a look at where Advanced Micro D

Advanced Micro Devices (AMD) Eyes Smartphone Market with AI-Ready Ryzen Processors

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2024-11-20 06:30:03

We recently published a list of 15 AI News Updates Taking Wall Street By Storm. In this article, we are going to take a look at where Advanced Micro Devices, Inc. (NASDAQ:AMD) stands against other AI news updates taking Wall Street by storm.

xAI, the AI startup owned by Elon Musk, is raising more than $6 billion at a $50 billion valuation, per a report by news platform CNBC. The bulk of this money, nearly $5 billion, will be raised through sovereign funds in the Middle East. The funding will be used to purchase 100,000 NVIDIA chips, according to the news outlet. xAI plans to build a supercomputer with these chips. This supercomputer would then be integrated with other Musk companies, most notably Tesla, as plans to improve Full Self Driving continue at a rapid pace.

Read more about these developments by accessing 10 Best AI Data Center Stocks and 10 Buzzing AI Stocks According to Goldman Sachs.

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