Dynamic allocation of arithmetic logic units for vectorized operations

A system includes a processing device that includes a vector arithmetic logic unit comprising a plurality of arithmetic logic units (ALUs), and a first processor core operatively coupled to the vector arithmetic logic unit, the processing device to receive a first vector instruction from the first processor core, wherein the first vector instruction specifies at least one first input vector having a first vector length, identify a first subset of the ALUs in view of the first vector length and one or more allocation criteria, execute, using the first subset of the set of ALUs, one or more first ALU operations specified by the first vector instruction, wherein the vector arithmetic logic unit executes the first ALU operations in parallel with one or more second ALU operations specified by a second vector instruction received from a second processor core.