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AMD has announced that its Instinct MI300X accelerators are powering the new Microsoft Azure ND MI300X V5 virtual machines (VMs), now generally available. Hugging Face is the first customer to utilize these VMs, which promise significant performance and efficiency for AI workloads, particularly GPT models.
Microsoft is leveraging AMD's solutions, including the MI300X accelerators and ROCm software, to provide a competitive price/performance ratio. The new VMs are available in the Canada Central region, supporting Azure AI Production workloads and enabling customers to run large models with enhanced efficiency.
Additionally, AMD's Alveo MA35D media accelerators are being used for Microsoft's video services, offering high channel density, energy efficiency, and low latency. These developments underscore a deepening collaboration between AMD and Microsoft, aimed at advancing AI and video processing capabilities.
AMD has announced the AMD EPYC 4004 Series processors, expanding its server CPU portfolio with cost-efficient, high-performance options for small and medium businesses (SMBs). The new CPUs, based on the 'Zen 4' architecture, deliver significant gains in performance and efficiency, with a notable 1.8x performance per dollar improvement over Intel Xeon E-2488 CPUs. The series includes various models, suitable for different business needs, with prices ranging from $149 to $699. The new processors are supported by major partners including Lenovo, Supermicro, and OVHcloud, aiming to provide flexible, scalable, and secure solutions for growing businesses.
AMD announced upcoming events for the financial community. Executives will present at three key conferences: Jean Hu, EVP, CFO, and Treasurer, will speak at the J.P. Morgan Global Technology, Media and Communications Conference on May 21 at 12:45 PM PDT. Mark Papermaster, EVP and CTO, will present at the TD Cowen Technology, Media and Telecom Conference on May 29 at 9:05 AM PDT. Jean Hu will also present at the Bank of America Global Technology Conference on June 5 at 8:40 AM PDT. Webcasts of these presentations will be available on AMD's Investor Relations website.
AMD continues to be the preferred partner for high-performance computing deployments, with 156 supercomputers powered by AMD on the latest Top500 list, marking a 29% increase from the previous year. The company showcased its leadership in high-performance computing at ISC High Performance 2024, highlighting the Frontier supercomputer as the fastest in the world. AMD also introduced the Alveo V80 compute accelerator card, offering up to 2X increase in HBM bandwidth for HPC and compute-intensive workloads.
AMD received the 2024 Corporate Innovation Award from IEEE for pioneering chiplet architecture designs, enhancing processor performance and efficiency. The company's chiplet-based designs have significantly improved computing performance and efficiency, driving innovation in high-performance computing and artificial intelligence.
AMD announced that Optiver, a global market maker trading on 100+ exchanges, is leveraging a range of high-performance AMD solutions to modernize its data center and enhance financial market operations. By using AMD EPYC CPUs, Solarflare Ethernet adapters, Virtex FPGAs, and Alveo Accelerators, Optiver aims to improve speed, efficiency, and scalability in its systems. The collaboration demonstrates AMD's commitment to providing commercial customers with cutting-edge compute engines to address present and future challenges.
AMD reported strong first quarter 2024 financial results, with revenue of $5.5 billion, gross margin of 47%, and net income of $123 million. The company's Data Center and Client segments saw significant growth driven by AI accelerator shipments and processor adoption. Record Data Center segment revenue of $2.3 billion was up 80% year-over-year. AMD expanded its AI solutions across various markets and launched new AI processors and software. Partners showcased AI innovations powered by AMD products. The company continues to enhance its software offerings for gamers.
