diff --git a/doc/source/custom_directives.py b/doc/source/custom_directives.py
index 26f189341..319aca15b 100644
--- a/doc/source/custom_directives.py
+++ b/doc/source/custom_directives.py
@@ -138,9 +138,11 @@ MOCK_MODULES = [
     "tensorflow.python.client",
     "tensorflow.python.util",
     "torch",
+    "torch.cuda.amp",
     "torch.distributed",
     "torch.nn",
     "torch.nn.parallel",
+    "torch.optim",
     "torch.profiler",
     "torch.utils.data",
     "torch.utils.data.distributed",
diff --git a/doc/source/train/api.rst b/doc/source/train/api.rst
index f56b85b3b..d7bad754e 100644
--- a/doc/source/train/api.rst
+++ b/doc/source/train/api.rst
@@ -200,6 +200,18 @@ train.torch.prepare_data_loader
 
 .. autofunction:: ray.train.torch.prepare_data_loader
 
+train.torch.prepare_optimizer
+~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
+
+.. autofunction:: ray.train.torch.prepare_optimizer
+
+
+train.torch.backward
+~~~~~~~~~~~~~~~~~~~~
+
+.. autofunction:: ray.train.torch.backward
+
+
 train.torch.get_device
 ~~~~~~~~~~~~~~~~~~~~~~
 
@@ -212,6 +224,11 @@ train.torch.enable_reproducibility
 
 .. _train-api-torch-worker-profiler:
 
+train.torch.accelerate
+~~~~~~~~~~~~~~~~~~~~~~
+
+.. autofunction:: ray.train.torch.accelerate
+
 train.torch.TorchWorkerProfiler
 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
 
diff --git a/doc/source/train/user_guide.rst b/doc/source/train/user_guide.rst
index 1133421a4..12712469b 100644
--- a/doc/source/train/user_guide.rst
+++ b/doc/source/train/user_guide.rst
@@ -977,6 +977,54 @@ the disk that from which your script was executed from.
     # View the PyTorch Profiler traces.
     $ open http://localhost:6006/#pytorch_profiler
 
+.. _torch-amp:
+
+Automatic Mixed Precision
+-------------------------
+
+Automatic mixed precision (AMP) lets you train your models faster by using a lower
+precision datatype for operations like linear layers and convolutions.
+
+.. tabbed:: PyTorch
+
+    You can train your Torch model with AMP by:
+
+    1. Adding ``train.torch.accelerate(amp=True)`` to the top of your training function.
+    2. Wrapping your optimizer with ``train.torch.prepare_optimizer``.
+    3. Replacing your backward call with ``train.torch.backward``.
+
+    .. code-block:: diff
+
+        def train_func():
+        +   train.torch.accelerate(amp=True)
+
+            model = NeuralNetwork()
+            model = train.torch.prepare_model(model)
+
+            data_loader = DataLoader(my_dataset, batch_size=worker_batch_size)
+            data_loader = train.torch.prepare_data_loader(data_loader)
+
+            optimizer = torch.optim.SGD(model.parameters(), lr=0.001)
+        +   optimizer = train.torch.prepare_optimizer(optimizer)
+
+            model.train()
+            for epoch in range(90):
+                for images, targets in dataloader:
+                    optimizer.zero_grad()
+
+                    outputs = model(images)
+                    loss = torch.nn.functional.cross_entropy(outputs, targets)
+
+        -           loss.backward()
+        +           train.torch.backward(loss)
+                    optimizer.step()
+            ...
+
+
+.. note:: The performance of AMP varies based on GPU architecture, model type,
+        and data shape. For certain workflows, AMP may perform worse than
+        full-precision training.
+
 .. _train-reproducibility:
 
 Reproducibility
diff --git a/python/ray/train/tests/test_gpu.py b/python/ray/train/tests/test_gpu.py
index 6d095332b..311cd58a4 100644
--- a/python/ray/train/tests/test_gpu.py
+++ b/python/ray/train/tests/test_gpu.py
@@ -1,5 +1,6 @@
 import os
 import pytest
+from timeit import default_timer as timer
 
 import torch
 from torch.nn.parallel import DistributedDataParallel
@@ -127,6 +128,65 @@ def test_enable_reproducibility(ray_start_4_cpus_2_gpus, use_gpu):
     assert result1 == result2
 
 
+def test_torch_amp(ray_start_4_cpus_2_gpus):
+    def train_func(config):
+        train.torch.accelerate(amp=config["amp"])
+
+        model = torchvision.models.resnet101()
+        model = train.torch.prepare_model(model)
+
+        dataset_length = 1000
+        dataset = torch.utils.data.TensorDataset(
+            torch.randn(dataset_length, 3, 224, 224),
+            torch.randint(low=0, high=1000, size=(dataset_length,)),
+        )
+        dataloader = torch.utils.data.DataLoader(dataset, batch_size=64)
+        dataloader = train.torch.prepare_data_loader(dataloader)
+
+        optimizer = torch.optim.SGD(model.parameters(), lr=0.001)
+        optimizer = train.torch.prepare_optimizer(optimizer)
+
+        model.train()
+        for epoch in range(1):
+            for images, targets in dataloader:
+                optimizer.zero_grad()
+
+                outputs = model(images)
+                loss = torch.nn.functional.cross_entropy(outputs, targets)
+
+                train.torch.backward(loss)
+                optimizer.step()
+
+    def latency(amp: bool) -> float:
+        trainer = Trainer("torch", num_workers=2, use_gpu=True)
+        trainer.start()
+        start_time = timer()
+        trainer.run(train_func, {"amp": amp})
+        end_time = timer()
+        trainer.shutdown()
+        return end_time - start_time
+
+    # Training should be at least 5% faster with AMP.
+    assert 1.05 * latency(amp=True) < latency(amp=False)
+
+
+def test_checkpoint_torch_model_with_amp(ray_start_4_cpus_2_gpus):
+    """Test that model with AMP is serializable."""
+
+    def train_func():
+        train.torch.accelerate(amp=True)
+
+        model = torchvision.models.resnet101()
+        model = train.torch.prepare_model(model)
+
+        train.save_checkpoint(model=model)
+
+    trainer = Trainer("torch", num_workers=1, use_gpu=True)
+    trainer.start()
+    trainer.run(train_func)
+    trainer.shutdown()
+
+
 def test_torch_auto_gpu_to_cpu(ray_start_4_cpus_2_gpus):
     """Tests if GPU tensors are auto converted to CPU on driver."""
 
diff --git a/python/ray/train/torch.py b/python/ray/train/torch.py
index 9c7ac1bdc..204001afa 100644
--- a/python/ray/train/torch.py
+++ b/python/ray/train/torch.py
@@ -1,9 +1,11 @@
 import tempfile
 from dataclasses import dataclass
+import functools
 import io
 import logging
 import os
 import random
+import types
 
 from datetime import timedelta
 from pathlib import Path
@@ -14,6 +16,7 @@ from ray import train
 from ray.train.accelerator import Accelerator
 from ray.train.backend import BackendConfig, Backend, EncodedData
 from ray.train.constants import PYTORCH_PROFILER_KEY
+from torch.optim import Optimizer
 from ray.train.session import get_accelerator, set_accelerator
 from ray.train.worker_group import WorkerGroup
 from ray.train.utils import get_address_and_port
@@ -21,6 +24,7 @@ from ray.util import PublicAPI
 
 import numpy as np
 import torch
+from torch.cuda.amp import autocast, GradScaler
 import torch.distributed as dist
 from torch.nn.parallel import DistributedDataParallel
 from torch.utils.data import (
@@ -40,9 +44,16 @@ logger = logging.getLogger(__name__)
 
 
 class TorchAccelerator(Accelerator):
-    """A utility that implements methods to accelerate PyTorch training."""
+    """A utility that implements methods to accelerate PyTorch training.
 
-    def __init__(self):
+    Arguments:
+        amp (bool): If true, perform training with automatic mixed precision.
+            Otherwise, use full precision.
+    """
+
+    def __init__(self, amp: bool = False):
+        self.amp_is_enabled = amp
+        self.scaler = GradScaler() if amp else None
         self._seed = None
 
     def prepare_model(
@@ -80,6 +91,37 @@ class TorchAccelerator(Accelerator):
         if move_to_device:
             logger.info(f"Moving model to device: {device}")
             model = model.to(device)
+
+        def wrap_forward(forward):
+            @functools.wraps(forward)
+            def wrapper(*args, **kwargs):
+                with autocast():
+                    outputs = forward(*args, **kwargs)
+                assert isinstance(outputs, torch.Tensor)
+                return outputs.float()
+
+            return wrapper
+
+        def model_get_state(self):
+            # `__getstate__` is an special method that informs pickle which attributes
+            # to serialize. This custom implementation ensures that the wrapped forward
+            # method and custom `__getstate__` method aren't serialized.
+            state = self.__dict__.copy()
+            state["forward"] = state["_unwrapped_forward"]
+            del state["_unwrapped_forward"]
+            del state["__getstate__"]
+            return state
+
+        if self.amp_is_enabled:
+            # Pickle cannot serialize the wrapped forward method. As a workaround,
+            # define a custom `__getstate__` method that unwraps the forward method.
+            model._unwrapped_forward = model.forward
+            model.forward = wrap_forward(model.forward)
+            # `__getstate__` must be a bound method rather than an callable attribute.
+            # See https://stackoverflow.com/questions/972/adding-a-method-to-an-existing-object-instance.  # noqa: E501
+            assert not hasattr(model, "__getstate__")
+            model.__getstate__ = types.MethodType(model_get_state, model)
+
         if wrap_ddp and train.world_size() > 1:
             logger.info("Wrapping provided model in DDP.")
             if torch.cuda.is_available():
@@ -206,6 +248,28 @@ class TorchAccelerator(Accelerator):
 
         return device
 
+    def prepare_optimizer(self, optimizer: Optimizer) -> Optimizer:
+        """Wraps optimizer to support automatic mixed precision.
+
+        Args:
+            optimizer (torch.optim.Optimizer): The DataLoader to prepare.
+
+        Returns:
+            A wrapped optimizer.
+        """
+        return _WrappedOptimizer(optimizer, scaler=self.scaler)
+
+    def backward(self, tensor: torch.Tensor) -> None:
+        """Computes the gradient of the specified tensor w.r.t. graph leaves.
+
+        Args:
+            tensor (torch.Tensor): Tensor of which the derivative will be computed.
+        """
+        if self.amp_is_enabled:
+            self.scaler.scale(tensor).backward()
+        else:
+            tensor.backward()
+
     def enable_reproducibility(self, seed: int = 0) -> None:
         """Limits sources of nondeterministic behavior."""
         self._seed = seed
@@ -451,6 +515,55 @@ class _WrappedDataLoader(DataLoader):
         return next_batch
 
 
+class _WrappedOptimizer(Optimizer):
+    def __init__(self, optimizer: Optimizer, scaler: Optional[GradScaler] = None):
+        self.optimizer = optimizer
+        self.scaler = scaler
+
+    @property
+    def state(self):
+        return self.optimizer.state
+
+    @state.setter
+    def state(self, state):
+        self.optimizer.state = state
+
+    @property
+    def param_groups(self):
+        return self.optimizer.param_groups
+
+    @param_groups.setter
+    def param_groups(self, param_groups):
+        self.optimizer.param_groups = param_groups
+
+    @property
+    def defaults(self):
+        return self.optimizer.defaults
+
+    @defaults.setter
+    def defaults(self, defaults):
+        self.optimizer.defaults = defaults
+
+    def add_param_group(self, param_group):
+        self.optimizer.add_param_group(param_group)
+
+    def load_state_dict(self, state_dict):
+        self.optimizer.load_state_dict(state_dict)
+
+    def state_dict(self):
+        return self.optimizer.state_dict()
+
+    def zero_grad(self):
+        self.optimizer.zero_grad()
+
+    def step(self, closure=None):
+        if self.scaler is not None:
+            self.scaler.step(self.optimizer, closure)
+            self.scaler.update()
+        else:
+            self.optimizer.step(closure)
+
+
 @PublicAPI(stability="beta")
 def get_device() -> torch.device:
     """Gets the correct torch device to use for training."""
@@ -523,10 +636,18 @@ def prepare_data_loader(
 
 
 @PublicAPI(stability="beta")
-def accelerate() -> None:
-    """Enables training optimizations."""
+def accelerate(amp: bool = False) -> None:
+    """Enables training optimizations.
+
+    Arguments:
+        amp (bool): If true, perform training with automatic mixed precision.
+            Otherwise, use full precision.
+
+    .. warning:: ``train.torch.accelerate`` cannot be called more than once, and it
+       must be called before any other ``train.torch`` utility function.
+    """
     try:
-        set_accelerator(TorchAccelerator())
+        set_accelerator(TorchAccelerator(amp=amp))
     except RuntimeError:
         raise RuntimeError(
             "An accelerator has already been set. Make sure "
@@ -536,6 +657,28 @@ def accelerate() -> None:
 
 
 @PublicAPI(stability="beta")
+def prepare_optimizer(optimizer: torch.optim.Optimizer) -> torch.optim.Optimizer:
+    """Wraps optimizer to support automatic mixed precision.
+
+    Args:
+        optimizer (torch.optim.Optimizer): The DataLoader to prepare.
+
+    Returns:
+        A wrapped optimizer.
+    """
+    return get_accelerator(TorchAccelerator).prepare_optimizer(optimizer)
+
+
+@PublicAPI(stability="beta")
+def backward(tensor: torch.Tensor) -> None:
+    """Computes the gradient of the specified tensor w.r.t. graph leaves.
+
+    Args:
+        tensor (torch.Tensor): Tensor of which the derivative will be computed.
+    """
+    get_accelerator(TorchAccelerator).backward(tensor)
+
+
 def enable_reproducibility(seed: int = 0) -> None:
     """Limits sources of nondeterministic behavior.