AMD and Cray just signed a key deal for an incredibly powerful $600 million supercomputer. Here's how it could give AMD an edge on its rival Intel

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AMD and Cray just signed a key deal for an incredibly powerful $600 million supercomputer. Here's how it could give AMD an edge on its rival Intel
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AMD is helping Cray build a supercomputer that it says is faster than anything else out there. It could help AMD take on Intel and IBM.

AMD is helping Cray Computer build a new supercomputer for the Department of Energy that it promises will be faster than the fastest supercomputers of today.

"If you take the 160 fastest supercomputers today, that's the capability of this machine," Cray CEO Peter Ungaro told Business Insider. Frontier promises to be an exascale supercomputer — that is, a system capable of making a quintillion calculations per second — for the Department of Energy's Oak Ridge National Laboratory in Tennessee. Cray CEO Peter Ungaro told Business Insider.

The supercomputer project"significantly improves AMD's standing in the future in high-performance computing and AI," analyst Patrick Moorhead of Moor Insights and Strategy told Business Insider.

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