AMD CEO Lisa Su has sent a reassuring message to investors and the tech community: AI is not a bubble waiting to burst. When asked about concerns surrounding an AI bubble during a recent interview, Su emphatically stated that, from her perspective, there's no reason to believe such a scenario exists.
Su's optimism may seem surprising given the market caps of AMD ($300 billion) and Nvidia ($4.4 trillion), two companies that are often pitted against each other in the AI chip market. However, Su is not concerned about competition from Nvidia or other giants like Google and Amazon, which are also making significant investments in AI-related chips.
Instead, Su's focus is on AMD's ability to innovate and move faster than its competitors when it comes to artificial intelligence technology. She believes that AI is still in its infancy and that her company needs to be ready to provide the necessary chips for future advancements.
Su's confidence is backed by AMD's recent partnerships with major AI companies like OpenAI, which has agreed to deploy 6 gigawatts of AMD's Instinct GPUs over several years. The deal includes a unique provision, in which OpenAI will buy 160 million shares of AMD's stock for just one cent per share, effectively giving it a 10% stake in the company.
While there are certainly challenges ahead, including building out data centers and getting chips into customers' hands, Su remains optimistic about AMD's prospects. By focusing on innovation and moving quickly to meet emerging demand, she believes her company can stay ahead of the competition and capitalize on the vast potential of AI technology.
Su's optimism may seem surprising given the market caps of AMD ($300 billion) and Nvidia ($4.4 trillion), two companies that are often pitted against each other in the AI chip market. However, Su is not concerned about competition from Nvidia or other giants like Google and Amazon, which are also making significant investments in AI-related chips.
Instead, Su's focus is on AMD's ability to innovate and move faster than its competitors when it comes to artificial intelligence technology. She believes that AI is still in its infancy and that her company needs to be ready to provide the necessary chips for future advancements.
Su's confidence is backed by AMD's recent partnerships with major AI companies like OpenAI, which has agreed to deploy 6 gigawatts of AMD's Instinct GPUs over several years. The deal includes a unique provision, in which OpenAI will buy 160 million shares of AMD's stock for just one cent per share, effectively giving it a 10% stake in the company.
While there are certainly challenges ahead, including building out data centers and getting chips into customers' hands, Su remains optimistic about AMD's prospects. By focusing on innovation and moving quickly to meet emerging demand, she believes her company can stay ahead of the competition and capitalize on the vast potential of AI technology.