AMD executives say the chip company has a key advantage over Nvidia: being more open

AMD CEO Lisa Su. I-Hwa Cheng / AFP via Getty Images AMD embraces open-source as a strategy to compete with Nvidia in the AI chip market. AMD partnered with OpenAI and Anthropic to leverage open-source ROCm for AI chip programming. AMD's stock fell 9% in late trading after it reported earnings. AMD says it has a major advantage in the AI chip race against Nvidia: being more open. AMD has long promoted this strategy through its open-source ROCm software, used to program AI chips. Since ROCm is…