AMD plans to launch the MI400 chip in 2024, predicting that the AI chip market will exceed $500 billion by 2028.

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[Golden Finance] Golden Finance reports that AMD(AMD.O) CEO stated, “We are launching the MI350 and MI355 chips; the MI400 chip will be released next year. The MI350 AI chip is faster than its peers. We are introducing the ‘VULCANO’ chip for artificial intelligence networks. The company will launch AI servers based on MI500 in 2027. The AI chip market is expected to exceed $500 billion by 2028, with the inference chip market growing even faster. Over the past year, the company has made 25 strategic investments in AI-related companies. Elon Musk’s AI startup xAI uses AMD’s MI300 AI chip.”

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