Buyer’s Remorse: NIO Gets Cold Feet and Abandons Its Partnership With AMD Just Two Days After the High-profile Announcement
https://wccftech.com/buyers-remorse-nio-gets-cold-feet-and-abandons-its-partnership-with-amd-just-two-days-after-the-high-profile-announcement/
NIO stock had surged on Monday when the Chinese EV manufacturer had announced a surprise partnership with AMD to expedite the automaker's deep learning process. Well, NIO is apparently now suffering from a classic case of buyer's remorse, with the company repudiating its partnership with AMD today.
As a refresher, AMD had posted a video on Weibo to announce that NIO would use EPYC processors within its HPC (high-performance computing) platform in order to speed up the automaker's deep AI learning process and reduce the product development cycle.