Why AMD's $4.9 Billion AI Server Acquisition Makes Sense

AMD is getting into the server business to boost its AI chip business.Advanced Micro Devices (AMD 0.72%) finds itself trailing far behind Nvidia in the AI accelerator market. Nvidia has some critical competitive advantages working its its favor. It was the first mover as demand for artificial intelligence (AI) chips exploded, and its CUDA computing platform has become entrenched in academia and industry over the past 18 years.AMD expects to sell more than $4.5 billion worth of AI accelerators this year, wit ...