Technology AMD Acquires ZT Systems in $4.9 Billion AI Play

[Gandalf_The_Grey]

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https://www.thurrott.com/a-i/319140/amd-acquires-zt-systems-in-4-9-billion-ai-play

AMD has completed its $4.9 billion acquisition of ZT Systems, giving the chipmaker an expanded presence in the lucrative AI market.

“With the rapid pace of innovation in AI, reducing the end-to-end design and deployment time of cluster-level data center AI systems will be a significant competitive advantage for our customers,” AMD executive vice president Forrest Norrod said. “Acquiring ZT Systems is a significant milestone in our AI strategy to deliver leadership training and inferencing solutions that are optimized for our customers’ unique environment, ready-to-deploy at scale, and based on our open ecosystem approach.”

AMD announced it would acquire ZT in August 2024, and CEO Dr. Lisa Su signaled at the time that the firm would shift gears to focus on the AI datacenter market, taking on market leader Nvidia. In subsequent quarters, AMD’s Data Center saw revenue growth of 122 percent and 94 percent, respectively, and 69 percent annually; in its most recent quarter, Data Center revenues set an all-time record, and that business now accounts for over half of all AMD revenues.

AMD Acquires ZT Systems in $4.9 Billion AI Play

AMD has completed its $4.9 billion acquisition of ZT Systems, giving the chipmaker an expanded presence in the lucrative AI market.

www.thurrott.com

 

[Victor M]

That's what you guys get by helping out people who wants to write a 'project' assignment on AI. Him building a business making 4.9 billion from Your ideas.

 

[n8chavez]

That's what you guys get by helping out people who wants to write a 'project' assignment on AI. Him building a business making 4.9 billion from Your ideas.

Congrats. You win today's internet jerk of the day!

 

[Victor M]

I have criterias for helping people.
. If they are being hacked
. If they are asking questions about Ubuntu./ Linux
. To help them save money

 

[n8chavez]

I have no criteria. Everyone needs help once and a while, and I'm not above giving it to them.

 

[Victor M]

Everyone needs help once and a while,

That is true. Families became villages became towns became nations all because of people helping people. But then I think I can only help those on subjects that I know. Hence my criterias.Just wanted to sound mean and wise.