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AMD signs $4.9 billion deal to challenge Nvidia’s AI infrastructure lead
Enlarge (credit: CFOTO/Future Publishing via Getty Images) AMD has agreed to buy artificial intelligence infrastructure group ZT Systems in a $4.9 billion cash and stock transaction, extending a run of AI investments by the chip company as it seeks to challenge market leader Nvidia. The California-based group said the acquisition would help accelerate the adoption of its Instinct line of AI data center chips, which compete with Nvidia’s popular graphics…
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