AMD's shares surged by 6% following its announcement of a $6 billion stock buyback, increasing the total buyback authorization to $10 billion. This development coincided with AMD's partnership with Saudi Arabia's Humain to advance AI technologies. The goal is to support economic diversification in Saudi Arabia. AMD's CEO Lisa Su highlighted a vision for global AI access through this partnership, while Humain's CEO emphasized democratizing AI at the compute level. Analysts see this move as AMD aligning with Nvidia in engaging in large-scale projects.
"At AMD, we have a bold vision to enable the future of AI everywhere - bringing open, high-performance computing to every developer, AI start-up and enterprise around the world," AMD's CEO Lisa Su told Fast Company in a statement.
"This is not just another infrastructure play - it's an open invitation to the world's innovators," Tareq Amin, CEO of Humain, said in a statement.
Collection
[
|
...
]