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AMD CEO: The AI chip market size will exceed $500 billion by 2028.
AMD (AMD.O) CEO said, "Launched MI350 and MI355 chips; The MI400 chip will be launched next year. The MI350 AI chip is faster than its NVIDIA counterpart. LAUNCH OF THE "VULCANO" CHIP FOR AI NETWORKS. The company will launch an AI server based on MI500 in 2027. In 2028, the size of the AI chip market will exceed 500 billion US dollars, and the inference chip market will grow faster. Over the past year, the company has made 25 strategic investments in AI-related companies. Musk's AI startup, xAI, is powered by AMD's MI300 AI chip. ”