Advanced Micro Devices, Inc. (NASDAQ:AMD) today unveiled its strategy to accelerate the machine intelligence era in server computing through a new suite of hardware and open-source software offerings designed to dramatically increase performance, efficiency, and ease of implementation of deep learning workloads. New Radeon Instinct accelerators will offer organizations powerful GPU-based solutions for deep learning inference and training.
Along with the new hardware offerings, AMD announced MIOpen, a free, open-source library for GPU accelerators intended to enable high-performance machine intelligence implementations, and new, optimized deep learning frameworks on AMD’s ROCm software to build the foundation of the next evolution of machine intelligence workloads.
Inexpensive high-capacity storage, an abundance of sensor driven data, and the exponential growth of user-generated content are driving exabytes of data globally. Recent advances in machine intelligence algorithms mapped to high-performance GPUs are enabling orders of magnitude acceleration of the processing and understanding of that data, producing insights in near real time. Radeon Instinct is a blueprint for an open software ecosystem for machine intelligence, helping to speed inference insights and algorithm training.
“Radeon Instinct is set to dramatically advance the pace of machine intelligence through an approach built on high-performance GPU accelerators, and free, open-source software in MIOpen and ROCm,” said AMD President and CEO, Dr. Lisa Su. “With the combination of our high-performance compute and graphics capabilities and the strength of our multi-generational roadmap, we are the only company with the GPU and x86 silicon expertise to address the broad needs of the datacenter and help advance the proliferation of machine intelligence.”
At the AMD Technology Summit held last week, customers and partners from 1026 Labs, Inventec, SuperMicro, University of Toronto’s CHIME radio telescope project and Xilinx praised the launch of Radeon Instinct, discussed how they’re making use of AMD’s machine intelligence and deep learning technologies today, and how they can benefit from Radeon Instinct.
Radeon Instinct accelerators feature passive cooling, AMD MultiGPU (MxGPU) hardware virtualization technology conforming with the SR-IOV (Single Root I/O Virtualization) industry standard, and 64-bit PCIe addressing with Large Base Address Register (BAR) support for multi-GPU peer-to-peer support.
Radeon Instinct accelerators are designed to address a wide-range of machine intelligence applications:
- The Radeon Instinct MI6 accelerator based on the acclaimed Polaris GPU architecture will be a passively cooled inference accelerator optimized for jobs/second/Joule with 5.7 TFLOPS of peak FP16 performance at 150W board power and 16GB of GPU memory
- The Radeon Instinct MI8 accelerator, harnessing the high-performance, energy-efficient “Fiji” Nano GPU, will be a small form factor HPC and inference accelerator with 8.2 TFLOPS of peak FP16 performance at less than 175W board power and 4GB of High-Bandwidth Memory (HBM)
- The Radeon Instinct MI25 accelerator will use AMD’s next-generation high-performance Vega GPU architecture and is designed for deep learning training, optimized for time-to-solution
A variety of open source solutions are fueling Radeon Instinct hardware:
- MIOpen GPU-accelerated library: To help solve high-performance machine intelligence implementations, the free, open-source MIOpen GPU-accelerated library is planned to be available in Q1 2017 to provide GPU-tuned implementations for standard routines such as convolution, pooling, activation functions, normalization and tensor format
- ROCm deep learning frameworks: The ROCm platform is also now optimized for acceleration of popular deep learning frameworks, including Caffe, Torch 7, and Tensorflow*, allowing programmers to focus on training neural networks rather than low-level performance tuning through ROCm’s rich integrations. ROCm is intended to serve as the foundation of the next evolution of machine intelligence problem sets, with domain-specific compilers for linear algebra and tensors and an open compiler and language runtime
AMD is also investing in developing interconnect technologies that go beyond today’s PCIe Gen3 standards to further performance for tomorrow’s machine intelligence applications. AMD is collaborating on a number of open high-performance I/O standards that support broad ecosystem server CPU architectures including X86, OpenPOWER, and ARM AArch64. AMD is a founding member of CCIX, Gen-Z and OpenCAPI working towards a future 25 Gbit/s phi-enabled accelerator and rack-level interconnects for Radeon Instinct.
Radeon Instinct products are expected to ship in 1H 2017. (Original Source)
Shares of Advanced Micro Devices are currently rising 1.16% in to $10.46, or up $0.12 in pre-market trading Monday. AMD has a 1-year high of $10.66 and a 1-year low of $1.75. The stock’s 50-day moving average is $7.94 and its 200-day moving average is $6.50.
On the ratings front, Advanced Micro Devices has been the subject of a number of recent research reports. In a report released today, BMO analyst Ambrish Srivastava upgraded AMD to Buy. Separately, on December 8, Merrill Lynch’s Vivek Arya upgraded the stock to Buy and has a price target of $12.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Ambrish Srivastava and Vivek Arya have a yearly average return of 12.6% and 13.7% respectively. Srivastava has a success rate of 79% and is ranked #371 out of 4273 analysts, while Arya has a success rate of 59% and is ranked #239.
Sentiment on the street is mostly neutral on AMD stock. Out of 16 analysts who cover the stock, 8 suggest a Hold rating , 7 suggest a Buy and one recommends to Sell the stock. The 12-month average price target assigned to the stock is $8.13, which implies a downside of 21% from current levels.
Advanced Micro Devices, Inc. is a global semiconductor company that develops computer processors and related technologies for business and consumer markets. It design and integrate technology for intelligent devices, including personal computers, game consoles and cloud servers. The company operates through the following segments: Computing and Graphics, and Enterprise, Embedded and Semi-Custom. The Computing and Graphics segment includes desktop, notebook processors, chipsets, discrete GPUs and professional graphics. The Enterprise, Embedded and Semi-Custom segment includes server and embedded processors, dense servers, semi-custom SoC products, engineering services and royalties.