AMD's AI chips could match Nvidia's offerings, software firm says

Artificial intelligence chips from AMD are about 80% as fast as those from Nvidia , with a future path to matching their performance, according a Friday report by an AI software firm.

Nvidia dominates the market for the powerful chips that are used to create ChatGPT and other AI services that have swept through the technology industry in recent months. The popularity of those services has pushed Nvidia's value past $1 trillion and led to a shortage of its chips that the Nvidia says it is working to resolve.

But in the meantime, tech companies are looking for alternatives, with hopes that AMD will be a strong challenger. That prompted MosaicML, an AI startup acquired for $1.3 billion earlier this week, to conduct a test comparing between AI chips from AMD and Nvidia.