Latest news with #computing
Yahoo
2 hours ago
- Business
- Yahoo
Advanced Micro Devices (AMD) Partners with HUMAIN to Build a Global AI Infrastructure
Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the . On May 13, Advanced Micro Devices, Inc. (NASDAQ:AMD) and Saudi Arabia's HUMAIN announced a major partnership to build a global AI infrastructure. As part of this collaboration, both parties will invest up to $10 billion to deploy 500 megawatts of AI computing power, as AMD-powered AI centers will connect Saudi Arabia with the United States. The report highlighted that the project is designed to be scalable and cost-efficient. Moreover, the infrastructure will support AI needs for enterprises, governments, and startups. As part of this collaboration, Advanced Micro Devices, Inc. (NASDAQ:AMD) will provide its complete range of AI computing hardware and software platform, while HUMAIN will manage building massive data centers for sustainable power and high-speed computing. A close up of a complex looking PCB board with several intergrated semiconductor parts. Initial deployments are already in progress across key regions, and the collaboration aims to deliver multi-exaflop computing capacity by early 2026. Advanced Micro Devices, Inc. (NASDAQ:AMD) is an international semiconductor company that designs and sells high-performance processors and graphics chips used in data centers. While we acknowledge the potential of AMD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data
South China Morning Post
3 hours ago
- Business
- South China Morning Post
China's AI race heats up as Shanghai launches massive subsidy scheme
Shanghai has unveiled an ambitious 1 billion yuan (US$139 million) subsidy programme for the artificial intelligence industry, as the metropolis bids to compete with a string of other Chinese megacities that are also investing heavily to develop world-class AI ecosystems. The Shanghai subsidy package will focus on reducing costs for start-ups and making it easier for local businesses to adopt AI solutions, with 600 million yuan going toward subsidising computing power, 300 million yuan providing discounts on third-party AI models, and 100 million yuan helping companies procure data collections or corpuses to train new models. The programme also offers additional subsidies for renting, purchasing or building computing facilities, AI models and data sets, with subsidy rates ranging from 10 to 100 per cent of the contract value, according to a document released on Monday by the Shanghai Municipal Commission of Economy and Informatisation. The plan is designed to directly lower companies' costs – a strategy that is likely to yield tangible results in boosting Shanghai's local AI industry, according to Pan Helin, a member of an expert committee under China's Ministry of Industry and Information Technology. 'One of Shanghai's key advantages in AI development is its strong funding,' said Pan. Shanghai has long been an attractive destination for entrepreneurs in China due to its large financial sector and global outlook. But the city's high operating costs – from office rent to daily expenses – can push new AI start-ups towards cheaper cities like nearby Hangzhou, Pan said.
Yahoo
18 hours ago
- Business
- Yahoo
NVDA: Huawei Challenges Nvidia with New AI Compute Platform
July 28 - Huawei Technologies took the stage at Shanghai's World Artificial Intelligence Conference to reveal its CloudMatrix 384 AI computing system, a platform Reuters reports rivals Nvidia's (NASDAQ:NVDA) most advanced offering. Warning! GuruFocus has detected 5 Warning Signs with NVDA. Built on custom AI?optimized chips and high?speed interconnects, CloudMatrix 384 delivers multi?petaflop performance for large?scale model training. Huawei says the system taps innovations in chip design, cooling and power efficiency to match or exceed the throughput of Nvidia's H100 GPUs, which dominate data?center AI workloads. Analysts note that while Nvidia (NASDAQ:NVDA) holds roughly 80% of the high?end AI accelerator market, competitors like Huawei and Cerebras are closing the gap. CloudMatrix 384 could appeal to Chinese cloud providers and enterprises seeking alternatives amid U.S. export restrictions on Nvidia chips. Investors remain bullish on the company's next?generation Blackwell architecture. For Huawei, the launch signals an intensified push into global AI infrastructure, setting up a fierce technology duel between the U.S. and Chinese AI champions. This article first appeared on GuruFocus.
Yahoo
2 days ago
- Business
- Yahoo
Huawei shows off AI computing system to rival Nvidia's top product
SHANGHAI (Reuters) -China's Huawei Technologies showed off an AI computing system on Saturday that one industry expert has said rivals Nvidia's most advanced offering, as the Chinese technology giant seeks to capture market share in the country's growing artificial intelligence sector. The CloudMatrix 384 system made its first public debut at the World Artificial Intelligence Conference (WAIC), a three-day event in Shanghai where companies showcase their latest AI innovations, drawing a large crowd to the company's booth. The system has drawn close attention from the global AI community since Huawei first announced it in April. Industry analysts view it as a direct competitor to Nvidia's GB200 NVL72, the U.S. chipmaker's most advanced system-level product currently available in the market. Dylan Patel, founder of semiconductor research group SemiAnalysis, said in an April article that Huawei now had AI system capabilities that could beat Nvidia. Huawei staff at its WAIC booth declined to comment when asked to introduce the CloudMatrix 384 system. A spokesperson for Huawei did not respond to questions. Huawei has become widely regarded as China's most promising domestic supplier of chips essential for AI development, even though the company faces U.S. export restrictions. Nvidia CEO Jensen Huang told Bloomberg in May that Huawei had been "moving quite fast" and named the CloudMatrix as an example. The CloudMatrix 384 incorporates 384 of Huawei's latest 910C chips and outperforms Nvidia's GB200 NVL72 on some metrics, which uses 72 B200 chips, according to SemiAnalysis. The performance stems from Huawei's system design capabilities, which compensate for weaker individual chip performance through the use of more chips and system-level innovations, SemiAnalysis said. Huawei says the system uses "supernode" architecture that allows the chips to interconnect at super-high speeds and in June, Huawei Cloud CEO Zhang Pingan said the CloudMatrix 384 system was operational on Huawei's cloud platform.
Asharq Al-Awsat
3 days ago
- Business
- Asharq Al-Awsat
Huawei Shows off AI Computing System to Rival Nvidia's Top Product
China's Huawei Technologies showed off an AI computing system on Saturday that one industry expert has said rivals Nvidia's most advanced offering, as the Chinese technology giant seeks to capture market share in the country's growing artificial intelligence sector. The CloudMatrix 384 system made its first public debut at the World Artificial Intelligence Conference (WAIC), a three-day event in Shanghai where companies showcase their latest AI innovations, drawing a large crowd to the company's booth. The system has drawn close attention from the global AI community since Huawei first announced it in April. Industry analysts view it as a direct competitor to Nvidia's GB200 NVL72, the US chipmaker's most advanced system-level product currently available in the market. Dylan Patel, founder of semiconductor research group SemiAnalysis, said in an April article that Huawei now had AI system capabilities that could beat Nvidia. Huawei staff at its WAIC booth declined to comment when asked to introduce the CloudMatrix 384 system. A spokesperson for Huawei did not respond to questions. Huawei has become widely regarded as China's most promising domestic supplier of chips essential for AI development, even though the company faces US export restrictions. Nvidia CEO Jensen Huang told Bloomberg in May that Huawei had been "moving quite fast" and named the CloudMatrix as an example. The CloudMatrix 384 incorporates 384 of Huawei's latest 910C chips and outperforms Nvidia's GB200 NVL72 on some metrics, which uses 72 B200 chips, according to SemiAnalysis. The performance stems from Huawei's system design capabilities, which compensate for weaker individual chip performance through the use of more chips and system-level innovations, SemiAnalysis said. Huawei says the system uses "supernode" architecture that allows the chips to interconnect at super-high speeds and in June, Huawei Cloud CEO Zhang Pingan said the CloudMatrix 384 system was operational on Huawei's cloud platform.
