AMD just spent nearly $5 billion on ZT Systems to compete with Nvidia in the AI ​​space

Silicon giant AMD has signed a deal to acquire ZT Systems for about $4.9 billion in cash and stock, adding a giant AI systems maker to its arsenal as rival Nvidia's AI business booms.

This is a big deal not only because it is a big deal in the truest sense of the word at a valuation of nearly $5 billion, but because it will significantly impact AMD's business at both the enterprise and consumer levels.