Key facts: AMD's AI GPU revenue to soar; shares rise 7.6%; quantum leap
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- AMD's deal with OpenAI may boost its AI GPU revenue to over $73 billion, up from an expected $7.3 billion this year, as OpenAI plans to use AMD's MI450 GPUs.1
- Advanced Micro Devices (AMD) shares rose by 7.6% after Intel reported strong earnings, reflecting robust demand in the PC market, which may benefit AMD as a key competitor in the CPU sector.2
- IBM's research shows that a quantum error correction algorithm runs effectively on AMD chips, achieving high accuracy and fast decoding, marking a key step in quantum technology commercialization.34