AMD Collaborates With Alibaba to Deliver New Cloud Services

AMD is renowned for offering impressive products in both the consumer and corporate markets. Recently, AMD entered into a partnership with the Chinese firm Alibaba to supply chips for their datacentres. In this partnership, Alibaba Cloud plans to deploy AMD’s Radeon Pro GPU technology to expand its cloud computing offerings and acceleration the adoption rate of its cloud-based services. This agreement is wonderful news for AMD and has already made their stock rise by around 4%. Simon Hu, president of Alibaba Cloud described the new venture and said:

“The partnership between AMD and Alibaba Cloud will bring both of our customers more diversified, cloud-based graphic processing solutions. It is our vision to work together with leading technology firms like AMD to empower businesses in every industry with cutting-edge technologies and computing capabilities,” 

AMD President and CEO Dr. Lisa Su added:

“The collaboration between AMD and Alibaba Cloud leverages the world-class technology and software engineering capabilities of both companies to meet the growing demand for standards-based GPU computing solutions capable of enabling more immersive and intuitive cloud services,”

“Working closely with industry leaders like Alibaba Cloud helps ensure the investments AMD is making in our high-performance graphics and computing datacenter products continue to align with the needs of the broader cloud market.”

As previously stated, this deal is extremely promising for AMD and it will certainly improve their financial standing.