Advanced Micro Devices is laying off 4% of its global workforce, or about 1,000 employees, as it directs efforts towards developing AI chips in a bid to compete against industry bellwether Nvidia .

AMD lays off 1,000 employees as it shifts focus to AI chips, aiming to compete with Nvidia in the growing data center market.

Advanced Micro Devices (AMD) plans to reduce its global workforce by 4% as it aims to strengthen its position in the AI chip market, reported Reuters. This move, which is expected to impact around 1,000 employees,