Market Chatter: AMD, South Korea Partner on Artificial Intelligence Research Facility

MT Newswires Live17:04

Advanced Micro Devices (AMD) partnered with South Korea to establish an artificial intelligence research facility and expand computing infrastructure, the Korea Times reported Monday, citing the Ministry of Science and ICT.

The company plans to build a collaboration hub to support software development and joint studies among local businesses and universities, the news outlet reported.

Both parties will also develop a heterogeneous computing environment combining the company's processors with domestically produced hardware to optimize a variety of tech workloads, the Korea Times reported, citing the government agency.

AMD and the Korean Ministry of Science and ICT did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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