AMD Acquiring ZT Systems to Challenge Nvidia’s AI Dominance
Summary
AMD’s move to acquire ZT Systems is a clear indication of the companys intent to capture a larger share of the data centre AI accelerator market, which is projected to reach US$372.9bn by 2029. ZT Systems brings to the table over 15 years of experience in designing and deploying data centre AI compute and storage infrastructure at scale for some of the worlds largest cloud companies. “Our acquisition of ZT Systems is the next major step in our long-term AI strategy to deliver leadership training and inferencing solutions that can be rapidly deployed at scale across cloud and enterprise customers,” comments Dr Lisa Su, AMDs Chair and CEO. Frank Zhang, CEO of ZT Systems, expressed enthusiasm about the merger: “We are excited to join AMD and together play an even larger role designing the AI infrastructure that is defining the future of computing. AMD shares our vision for the important role our technology and our people play in designing and building the computing infrastructure powering the largest data centres in the world.”
Classifications
AskAI Classifications
LabelsLinked Companies
