Lisa Su, the CEO of Advanced Micro Devices (AMD), has voiced her amazement at the accelerated pace of artificial intelligence (AI) advancements. Speaking at the Goldman Sachs Communacopia & Technology Conference, Su shared her reflections on the swift development of AI technology.
In an interview with Yahoo Finance, Su remarked on the rapid evolution within the AI sector, noting that the pace of innovation is surprising even to industry veterans. “What has really struck me is just how quickly the technology is advancing,” Su said. She emphasized that whether dealing with large hyperscalers, enterprise customers, or emerging AI startups, the focus is on speed and learning. “We’re witnessing an unprecedented rate of learning and adaptation,” she added.
Su highlighted that AMD’s team has accomplished more in the past 9 to 12 months than in the preceding several years, driven by the fast-moving market dynamics. “Innovation breeds more innovation,” she explained, “and we’re gaining substantial insights into software and efficient market deployment.”
Looking ahead, Su anticipates the AI market will expand to $400 billion by 2027, a forecast she described as “enormous.” She emphasized the importance of an end-to-end approach in AI, underscoring that there is no universal solution in this competitive technology landscape.
AMD is poised to unveil new AI chips next month, continuing its commitment to advancing the field. Su also stressed the necessity of long-term strategic thinking in technology, noting, “It’s crucial to make forward-looking bets of three to five years out rather than focusing solely on immediate or short-term developments.”
Recently, AMD has made significant strides with acquisitions, including a definitive agreement to acquire AI infrastructure provider ZT Systems for $4.9 billion. This acquisition is expected to enhance AMD’s non-GAAP earnings by 2025 and bolster its competitive position against Nvidia in the data center GPU market. ZT Systems’ clientele includes major cloud hyperscalers like Microsoft’s Azure and Amazon’s AWS, and the firm utilizes components from Nvidia, Intel, and AMD.
As part of its strategic expansion, AMD announced earlier this month the appointment of Keith Strier as Senior Vice President of Global AI Markets. Strier, previously Nvidia’s Vice President of Worldwide AI Initiatives, will focus on expanding AMD’s AI vision and accelerating its global strategic engagements.
Despite a nearly 30% drop from its peak of $227.30 in March, AMD shares are still up approximately 40% from a year ago. The company, set to report its quarterly earnings next month, beat Wall Street’s second-quarter earnings expectations in July.
