The U.S. has formed a $1B partnership with Advanced Micro Devices (AMD) to construct two supercomputers that will tackle large scientific problems, Energy Secretary Chris Wright and AMD CEO Lisa Su told Reuters. The plans call for the first computer, called Lux and to be based around AMD’s MI355X artificial intelligence chips, to be constructed and come online within the next six months. The system is co-developed by AMD, Hewlett Packard Enterprise (HPE), Oracle Cloud Infrastructure (ORCL) and Oak Ridge National Laboratory, the report noted.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMD:
- AMD Stock Is Unfazed by Qualcomm’s (QCOM) AI Server Plans
- AMD Streamlines Data Center Business with $2.4 Billion Sale to Sanmina
- Qualcomm jumps 16% after unveiling AI solutions to rival Nvidia, AMD
- Qualcomm to launch next-generation AI inference-optimized solutions
- Can AMD Stock’s Record-Breaking Rally Last? AI Analyst Still Bullish