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AMD to cut 4% of workforce to prioritize AI chip expansion and rival Nvidia
However, on a deeper look, the Q3 results showed both strengths and challenges: while total revenue rose by 18% to $6.8 billion, gaming chip revenue plummeted 69% year-over-year, and embedded chip sales dropped 25%. In its recent earnings call, AMD CEO Lisa Su underscored that the data center and AI business is now pivotal to the company’s future, expecting a…
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UK IT leaders prioritize cloud investment – but AI skills shortages continue to cause worries
Preparing for AI adoption has become a major factor in determining cloud strategies in the UK, but more than eight in ten IT managers say there’s an urgent AI skills gap. Almost all (98%) leaders surveyed for a new Red Hat report said they saw advantages in adopting enterprise open source solutions for AI, mostly through accelerating innovation and cost-efficiency.…
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