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AI startup Upstage in talks to buy 10,000 AMD MI355 chips, Bloomberg reports

South Korean AI startup Upstage is in talks to acquire 10K AMD (AMD) MI355 chips, in a bid to “diversify to other chips” as “we have a lot of Nvidia (NVDA) chips,” Bloomberg’s Yoolim Lee and Minmin Low report. Upstage, one of four teams competing in a state-backed race to select Korea’s best national AI foundation models, is preparing a large language model with about 200 billion parameters for the upcoming round in the summer, and is targeting countries like Vietnam and the UAE with sovereign AI systems, according to the report.

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