"Earlier this year, WIRED said that AMD CEO Lisa Su was " out for Nvidia's blood." The American chipmaker is still small compared to the juggernaut that is Nvidia-their market caps are $353 billion and $4.4 trillion, respectively-but Su's company is gaining steam. Today, when Su took the stage at WIRED's Big Interview conference in San Francisco, she had something else in her sights: the AI bubble."
"That might sound bold, but boldness is Su's whole deal. Since she became AMD's CEO in 2014, she has increased the company's market cap from $2 billion to $300 billion. Now, Su is betting big on the need for much more computing power for AI, and the data centers needed to provide that. Still, there are plenty of hurdles ahead for AMD."
Lisa Su rejects the notion of an AI bubble and predicts sustained demand for vast numbers of chips. AMD remains small versus Nvidia by market cap but has accelerated growth under Su, increasing market cap from $2 billion to $300 billion since 2014. AMD is betting on greater computing power needs for AI and the accompanying data-center expansion. Challenges include building those data centers and broadening customer access to chips. AMD will pay a 15 percent tax on planned MI308 shipments to China amid resumed export reviews. A major deal with OpenAI will deploy 6 gigawatts of Instinct GPUs and includes a stock purchase option.
Read at WIRED
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