AMD’s CEO Is Very Optimistic Towards The Future of AI, Says That Firm Is Ready To Take Over

AMD's CEO, Lisa Su, reiterates the firm's optimism towards accelerated computing and AI, claiming that it's the best thing that has happened to the tech industry over the span of 50 years.

CNBC interviewed Lisa Su in their 'Squawk on the Street' segment, where the topic of discussion was AMD's latest financing results and how the figures portrayed the fact that the company has positioned itself in the "AI transition."

Talking about the state of markets, AMD's CEO believes that we are currently in the "early stages" and there is much more to see moving forward, especially in terms of the advancements in AI compute power along with model training as well. Throughout the interview, Lisa Su showed great optimism toward AMD's future in the data center segment, expressing the fact that the company has indeed planned it all out.

For a quick recap of the recent financial results by Team Red,  the firm has revised its revenue guidance for data center revenue during the current quarter and is now confident that during Q1 2024, data center revenue should grow sequentially and surpass $3.5 billion by the end of this year, which is a huge increase from the firm's previous $2.5 billion forecast. This increase is solely due to how AMD's Instinct MI300 AI accelerators have performed in the markets when it comes to client adoption, especially with the MI300X, which has gained immense interest in the industry.

Apart from that, Lisa Su believes that the AI landscape evolved rapidly during the past 18 months, and the future is looking to be competitive as well, with NVIDIA releasing their Hopper H200 AI GPUs, along with emerging players like Huawei and Intel.

For example, we are very pleased to see how quickly Microsoft was able to bring up GPT-4 on MI300X in their production environment and rollout Azure private previews of new MI300 instances aligned with the MI300X launch. At the same time, our partnership with Hugging Face, the leading open platform for the AI community, now enables hundreds of thousands of AI models to run out of the box on AMD GPUs and we are extending that collaboration to our other platforms.

Customer deployments of our Instinct GPUs continues accelerating, with MI300 now tracking to be the fastest revenue ramp of any product in our history, and positioning us well to capture significant share over the coming years based on the strength of our multi-generation Instinct GPU road map and open source ROCm software strategy.

Lisa Su - AMD CEO (Q4 2023 Earnings Call)

AMD's CEO has predicted that AI revenue could increase to a whopping $150 billion by 2027 and sees the firm in a great position to capitalize on such a huge chunk of capital through its AI portfolio. At the same time, Lisa Su has acknowledged the competition AMD faces and shown confidence in what's happening. The future holds greatness for everyone, and we can't wait to see what next-gen AI accelerators and equipment bring onboard to contribute towards artificial intelligence growth.

News Source: TechEpiphanyYT