Full-Time
Designs and sells processors, GPUs, accelerators
No salary listed
Bengaluru, Karnataka, India
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AMD is a semiconductor company that designs and sells processors, graphics cards, and accelerators for a range of customers, including data centers, AI developers, and enterprises. Its products include Ryzen CPUs for desktops, EPYC CPUs for data centers, and Radeon GPUs for gaming and professional visualization. AMD also offers the ROCm software stack and Instinct accelerators to boost AI and machine learning performance. The company earns revenue from hardware sales, technology licensing, and software that optimizes hardware performance. AMD differentiates itself through a broad portfolio that combines high-performance CPUs, GPUs, and AI accelerators, along with software ecosystems that optimize compute workloads. Its goal is to provide scalable, efficient computing power for gaming, data centers, and AI workloads while pursuing responsible corporate practices.
Company Size
10,001+
Company Stage
IPO
Headquarters
Santa Clara, California
Founded
1969
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Nvidia expanded its Agent Toolkit on 26 July, adding PhysicsNeMo and CUDA-X libraries that enable AI agents to handle engineering simulations, physics solvers, and quantum chemistry tasks autonomously. The company is extending its hardware dominance into design software, aiming to lock in customers through workflow integration. Siemens reports 10x faster chip library characterisation using the toolkit, whilst Samsung applies it to lithography and thermal analysis on models with up to 10 billion cells. Nvidia's fiscal first quarter 2027 revenue reached $81.6 billion, with data centre sales accounting for $75.2 billion. Despite strong results, Nvidia shares rose only 17% year-to-date as of 6 August 2026, trailing the S&P 500. Data centre sales comprise 92% of revenue, concentrated amongst hyperscaler customers. Hedge fund ownership increased from 264 to 275 in recent 13F filings.
American semiconductor giant AMD has reached a definitive agreement to acquire Toronto-based Taalas, a startup that aims to hardwire AI models directly onto chips. Financial terms were not disclosed. Taalas was founded in 2023 by former AMD employees and Tenstorrent leaders, including CEO Ljubisa Bajic. The company emerged from stealth in 2024, revealing $50 million in funding from Quiet Capital and Pierre Lamond. The startup uses hard-wired computation to convert AI models into custom silicon, claiming it can launch new chips in two months and produce models a thousand times more efficient than software counterparts. This marks AMD's second acquisition of a Canadian AI chip firm in just over a year, following its purchase of Untether AI's team in 2025.
AMD shares fell Wednesday after SpaceX CEO Elon Musk announced the company would exclusively purchase AI chips from rival Nvidia, citing its Vera Rubin architecture as superior. The drop came despite strong second-quarter results. AMD's revenue jumped 50% year-over-year to $11.5 billion, whilst earnings per share soared 246% to $1.66, beating analyst estimates of $1.61. The company's data centre division led growth, with revenue more than doubling to $6.7 billion, driven by demand for EPYC processors and Instinct GPUs. AMD partners with major AI computing providers including Microsoft, Meta Platforms, Oracle, OpenAI, and Anthropic. AMD projects third-quarter revenue of approximately $13 billion, representing 41% year-over-year growth. However, some investors appear to be seeking faster expansion in the competitive AI chip market.
AI startup Hark has launched Hark Handoff, a browser agent that automates complex online tasks by navigating websites and completing actions without APIs. The tool can order products or book services by analysing website structures. The launch follows a $700 million Series A funding round led by Nvidia, AMD, Intel, Qualcomm, and Salesforce Ventures, valuing the US-based company at $6 billion. Hark is led by Brett Adcock, known for his work with Figure AI and Archer Aviation. The technology predicts specific actions like mouse clicks rather than just generating text. However, Hark faces competition from Google, OpenAI, and Anthropic, alongside potential legal challenges from platforms implementing anti-bot protections and security concerns regarding user credentials and data privacy.
AMD shares fell more than 6% on Wednesday after Elon Musk said SpaceX will build exclusively on Nvidia's Blackwell AI platform, calling it the "best architecture". The announcement marked a setback for AMD in the competitive AI accelerator market, despite its strong quarterly results. AMD reported revenue of $11.54 billion for the quarter ended 27 June, beating Wall Street expectations, with adjusted earnings of $1.66 per share. The company guided for approximately $13 billion in current-quarter revenue, above the $12.51 billion analyst consensus. The data centre division delivered record revenue of $6.7 billion, representing 58% of total revenue, up from 42% a year earlier. Chief executive Lisa Su said AI is driving significant demand expansion across all markets.