AMD has released its latest AI chip, the Instinct MI300X, which serves as an alternative to Nvidia chips. Meta and Microsoft have announced purchases of the AMD MI300X chip. The MI300X features a new architecture and boasts 192GB of high-performance HBM3 memory. AMD aims to reduce the development costs of AI models and increase competitive pressure on Nvidia. AMD predicts that the future AI GPU market will reach $400 billion.