They [1] are [2].
Nothing was released in spring, and 2 months ago AMD announced their acquisition of Taalas. That doesn't exactly inspire confidence that their frontier LLM will arrive as promised.
Why not? AMDs chip design experience and production capacity are magnitudes larger than a small startup. Assuming that they acquired Taalas for their technology, I don't see a reason why they couldn't.
Because you can't use the former for anything else? You will have to buy a new chip every time a new model is released.
Not to mention that it will be much more expensive.