Zhang Jianzhong, founder and CEO of Moore Threads, pictured in November 2023. Photo: Handout

    Moore Threads unveils new AI chips to challenge Nvidia

    Chinese chip designer Moore Threads Technology has unveiled a suite of new products, including its next generation of chip architecture and artificial intelligence chips as it looks to challenge US chip-making heavyweights Nvidia and AMD. The Beijing-based firm, hailed as China’s “little Nvidia”, introduced two forthcoming chips Huashan and Lushan, named after two famous Chinese…

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    World shares mostly advance and oil prices dip after Israel and Hamas agree to pause fighting | Business

    World shares mostly advance and oil prices dip after Israel and Hamas agree to pause fighting | Business

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    Image shows Advanced Micro Devices (AMD) booth one day before the China Digital Entertainment Expo & Conference (ChinaJoy) at Shanghai New International Expo Center on August 1, 2019

    Wall Street analysts explain how AMD’s own stock will pay for OpenAI’s billions in chip purchases 

    After AMD and OpenAI announced an expanded partnership on Monday, the chatter immediately turned to the unusual way OpenAI would pay for its AMD purchases. It will use AMD’s own stock to do so.  To recap: OpenAI has agreed to help AMD refine its line of Nvidia competitor chips, the Instinct GPUs, as well as to purchase and deploy 6 gigawatts of compute capacity from AMD over…

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