AMD to cut 1000 staff as it focuses on AI chip development

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Four percent of its global workforce.

AMD to cut 1000 staff as it focuses on AI chip development
Advanced Micro Devices is laying off four percent of its global workforce, or about 1000 employees, as it directs efforts towards developing AI chips in a bid to compete against industry bellwether Nvidia. AMD is regarded as the closest rival to Nvidia in the lucrative market for chips that form ...

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