AI chip market to reach $45 billion in 2021, AMD expects $2 billion revenue in 2024

As AMD introduced a new generation of AI chips on Wednesday, the company predicted that there was a $45 billion market for its data centre artificial intelligence processors this year.

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The prediction for the entire addressable market has increased from AMD's June estimate of $30 billion.

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From its MI300 series, Advanced Micro Devices unveiled two new AI data centre chips: one for generative AI applications and the other for supercomputers.

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The MI300X generative AI processor has enhanced high-bandwidth memory, which boosts performance.

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AMD has a "significant" supply of AI processors for next year that is "well above" $2 billion in value, according to CEO Lisa Su during a press conference.

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AI chip market to reach $45 billion in 2021, AMD expects $2 billion revenue in 2024

As AMD introduced a new generation of AI chips on Wednesday, the company predicted that there was a $45 billion market for its data centre artificial intelligence processors this year.

The prediction for the entire addressable market has increased from AMD's June estimate of $30 billion.

From its MI300 series, Advanced Micro Devices unveiled two new AI data centre chips: one for generative AI applications and the other for supercomputers.

The MI300X generative AI processor has enhanced high-bandwidth memory, which boosts performance.

AMD has a "significant" supply of AI processors for next year that is "well above" $2 billion in value, according to CEO Lisa Su during a press conference.

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