AMD Expands Cohere Partnership To Power Enterprise AI On Instinct Chips

Core Insights - Advanced Micro Devices (AMD) has expanded its partnership with Cohere to enhance enterprise AI capabilities using AMD's Instinct GPU infrastructure [1][4] - The collaboration aims to provide enterprises and sovereign AI initiatives with improved flexibility, performance, security, and cost-efficiency in AI deployments [2][4] - AMD will integrate Cohere's North platform into its internal operations, making it a fundamental part of its engineering and enterprise workloads [3][4] Company Performance - AMD's stock has increased by over 33% year-to-date, outperforming the Nasdaq 100 index, which has seen a 17% return [4] - At the time of the announcement, AMD shares were trading at $163.04, reflecting a 1.34% increase [5] - The stock is currently within a 52-week range of $76.48 to $186.65 [5] Strategic Collaboration - The partnership builds on previous efforts to optimize large language models for AMD's Instinct GPUs, focusing on enterprise applications [5] - The combination of AMD's energy-efficient infrastructure and Cohere's secure AI models is positioned as a viable option for governments and enterprises pursuing compliant AI strategies [4][5]