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[ad_1] Artificial intelligence chips from Advanced Micro Devices are about 80% as fast as those from Nvidia Corp, with a future path to matching their performance, according to a Friday report by an AI software firm.Nvidia dominates the market for the powerful chips that are used to create ChatGPT and other AI services that have swept through the technology industry in recent months. The popularity of those services has pushed Nvidia's value past $1 trillion and led to a shortage of its chips that the Nvidia says it is working to resolve. But in the meantime, tech companies are looking for alternatives, with hopes that AMD will be a strong challenger. That prompted MosaicML, an AI startup acquired for $1.3 billion earlier this week, to conduct a test comparing between AI chips from AMD ...

[ad_1] Signs are piling up that the tech downturn may be deeper and longer-lasting than feared. Signs are piling up that the tech downturn may be deeper and longer-lasting than feared. After years of record capital spending, chipmakers are warning on a weekly basis that demand is sputtering. In the latest sign of trouble, Samsung Electronics Co. and Advanced Micro Devices Inc. reported disappointing results within hours of each other that widely missed projections. Samsung -- the world's largest memory chipmaker -- reported a 32% dive in operating income, while PC-processor maker AMD said it will miss its earlier forecast by about $1 billion. Analysts' reactions ranged from “breathtaking” to “Uff-da!” Those numbers followed grim comments from memory makers Micron Technologies Inc...

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AMD’s AI chips could match Nvidia’s offerings, software firm says

Tech downturn: Chipmakers See ‘Breathtaking’ Demand Drop as Recession Looms