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Apple Stock Price Increase Post-Project ACDC Announcement
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Apple, TSMC Collaborate on 'Project ACDC' AI Chips for Data Centers
May 7, 2024, 04:35 AM
Apple Inc. is reportedly developing its own artificial intelligence (AI) chips, known as Apple Silicon, specifically designed for data centers, according to the Wall Street Journal. This project, internally codenamed 'Project ACDC', aims to enhance Apple's capabilities in running AI software on data center servers, particularly accelerating inference processes. The initiative involves collaboration with Taiwanese semiconductor company TSMC and is part of Apple's broader strategy to gain a competitive edge in the AI technology arms race.
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