AMD CEO Lisa Su Dismisses AI bubble concerns
Santa Clara, California – December 5, 2023 – AMD CEO Lisa Su directly countered assertions of an impending artificial intelligence (AI) bubble, characterizing such claims as “somewhat overstated” during a recent interview. Su’s remarks arrive amid growing debate regarding the sustainability of the current AI investment boom and potential market corrections.
The discussion surrounding a possible AI bubble centers on concerns that valuations for companies heavily involved in AI development have become detached from underlying fundamentals. This has led to anxieties about a potential crash similar to previous tech bubbles. However, Su argues that the current demand for AI capabilities is fundamentally different, driven by broad applicability across numerous industries and a genuine need for increased computing power. She emphasized that AI is not a fleeting trend but a transformative technology with long-term implications, impacting sectors from data centers and cloud computing to automotive and consumer electronics.
“We are seeing very strong demand for our AI products across a broad set of customers,” Su stated. “The level of interest is very high, and the use cases are expanding rapidly.” AMD has been aggressively investing in AI-focused hardware and software, including its Instinct GPUs and ROCm software platform, positioning itself as a key player in the burgeoning AI market.
Su’s comments suggest AMD anticipates continued robust growth in the AI sector, fueled by ongoing innovation and expanding applications. The company’s viewpoint offers a counterpoint to more cautious forecasts and underscores the confidence within the semiconductor industry regarding the enduring potential of artificial intelligence.
