<ul><li>Advanced Micro Devices Inc. (AMD) announced it will lay off 4% of its staff, about 1,000 jobs, to focus on the market for artificial intelligence (AI) processors.</li><li>AMD aims to strengthen its position in the AI processor market, which is currently dominated by rival Nvidia Corp.</li><li>The company's most advanced GPU, the Instinct-branded MI300X accelerator, provides an alternative to Nvidia's GPUs for data center operators.</li><li>AMD's job cuts align resources with its growth opportunities and its commitment to supporting impacted employees through the transition.</li></ul>

AMD to cut about 1,000 jobs so it can double down on AI opportunity

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