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AMD’s ZT Systems acquisition primes it for a battle with Nvidia

Girding its loins for a widely-anticipated battle with Nvidia, AMD has acquired ZT Systems for $4.9 billion. ZT Systems, which provides AI and general purpose compute infrastructure for major hyperscale providers, will, AMD hopes, help expand its AI chips and hardware business. The cash and stock deal includes a contingent payment of up to $400 million based on certain milestones…