AMD Ventures Backs Turing, Startup Shifts 10% AI Workload from Nvidia
Japanese autonomous driving startup Turing Inc. has shifted about 10% of its AI training workload from Nvidia to AMD chips, following an investment from AMD Ventures. The move, reported on July 6, 2026, aims to reduce costs and diversify supply chains. Turing, which has never sold a car, plans to launch consumer vehicles and robotaxis by 2028. AMD shares rose ~3% on the news, reflecting market optimism about AMD challenging Nvidia’s dominance.
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Advanced Micro Devices (AMD): Turing Inc. Backed by AMD Ventures, Reports Bloomberg
On July 6, 2026, Bloomberg reported that AMD Ventures, the corporate venture capital arm of Advanced Micro Devices (AMD), is backing Turing Inc., an autonomous driving startup. Turing has begun adopting AMD's AI accelerators in its systems, moving away from its previous reliance on Nvidia hardware. The startup plans to offer its software on the consumer market and in driverless robotaxis as early as 2028. To ensure price competitiveness in the capital-intensive autonomous driving sector, Turing decided to utilize AMD graphics processors. Currently, Turing handles approximately 10% of its AI training needs using AMD GPUs, having been dependent on Nvidia since its founding. The article also positions AMD as a leading semiconductor company and mentions it as one of the best monopoly stocks to buy according to hedge funds.
Yahoo FinanceAMD Ventures Backs Turing Inc., Startup Adopts AMD AI Accelerators
On July 6, 2026, Bloomberg reported that AMD Ventures, the corporate venture capital arm of Advanced Micro Devices (AMD), is backing Turing Inc., an autonomous driving and AI startup. Turing Inc. has begun adopting AMD's AI accelerators in its systems, moving away from its previous reliance on Nvidia hardware. The startup plans to offer its software on the consumer market and in driverless robotaxis as early as 2028. To ensure price competitiveness in the capital-intensive autonomous driving sector, Turing decided to utilize AMD graphics processors. Currently, Turing handles approximately 10% of its AI training needs using AMD GPUs, while continuing to use Nvidia for the majority. The article also notes AMD's position as a leading semiconductor company and mentions it as one of the best monopoly stocks to buy according to hedge funds.
Yahoo FinanceAMD Gains Autonomous Driving Customer Turing, Challenging Nvidia's Market Share
Advanced Micro Devices (AMD) has secured Tokyo-based autonomous driving startup Turing as a customer through its investment arm, AMD Ventures. Turing, which previously sourced chips exclusively from Nvidia, now runs approximately 10% of its AI training on AMD chips. The move is driven by Turing's need for lower costs, supply diversification, and Nvidia's historical GPU supply constraints. Turing aims to launch fully autonomous consumer vehicles and driverless robotaxis by 2028. For AMD, this foothold signals its chips are approaching Nvidia's performance, with its ROCm software gaining traction. The article also covers AMD's strong financial performance, including a 38% year-over-year revenue increase to $10.25 billion in Q1, driven by data center and AI growth, and a 286.9% stock gain over the past year.
Yahoo FinanceTuring Cuts Nvidia Reliance, Taps AMD for 10% of AI Training
Japanese self-driving startup Turing has shifted about 10% of its AI training workload from Nvidia to AMD graphics processors, following an investment from AMD Ventures. The deal, though small, caused AMD shares to jump roughly 3% in premarket trading, reflecting market hunger for signs AMD can challenge Nvidia's dominance. Turing, which has never sold a car, aims to reach consumers and robotaxi fleets by 2028. The company raised $79 million last year at a valuation near $600 million and has partnered with auto supplier Denso. AMD has not officially confirmed the investment, but the news, combined with reports of delays to Nvidia's Kyber rack system, boosted AMD's stock and led to analyst upgrades from Goldman Sachs and Citi. The move gives Turing leverage in future price negotiations as compute costs rise.
Yahoo FinanceTuring Cuts Nvidia Reliance, Taps AMD for 10% of AI Training
Japanese self-driving startup Turing has shifted about 10% of its AI training workload from Nvidia to AMD chips, following an investment from AMD Ventures. The deal, though small, caused AMD shares to jump roughly 3% in premarket trading, reflecting market hunger for signs AMD can challenge Nvidia's dominance. Turing, which has never sold a car, raised $79 million last year at a near $600 million valuation and aims to reach consumers and robotaxi fleets by 2028. The move gives Turing leverage in future price negotiations and diversifies its supply chain. AMD's venture arm is buying access rather than a guaranteed chip order, and the stock rally was further boosted by analyst upgrades and reports of delays to Nvidia's Kyber rack system.
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