Industry leaders are expressing high optimism towards the AI "boom," with the likes of AMD making it clear that their priority is to reap the benefits from the hyped-up industry.
AMD CEO Once Again Shows Commitment To AI, Will Drive Major Revenue Growth For Team Red
Speaking at Goldman Sachs Communacopia and Technology Conference, AMD's CEO Lisa Su reiterated the company's plan for the future, disclosing that AMD is now moving with the AI "bandwagon". Moreover, she claimed that Team Red is dominant, with an extensive portfolio across all resources required to fulfill the hunger for GenAI.
First, second, and third priority are around AI, AI, AI. Over the last thirty days, what we’ve seen is a continued acceleration of engagements.
-AMD's CEO Lisa Su via Barrons
Lisa Su also shared her forecasts about the AI industry, claiming that the AI accelerator segment could reach up to $150 billion by 2027. In an earlier coverage, NVIDIA also expressed similar hopes, which has forecasted explosive growth, potentially reaching up to the $600 billion mark in the upcoming years. Tech companies have placed their confidence in the AI industry. They are framing their business model to cater to the immense demand due to the rapid expansion of GenAI (generative AI) applications.
Despite the high anticipation, industry indicators have shown that AMD is currently on the back foot regarding market share and dominance within the AI industry. While AMD is rapidly working on its next-gen MI400 accelerators, with plans to launch a China-specific variant as well, NVIDIA has gobbled up most of the market's trust right now, and the only way AMD could make a decisive entrance into the industry is by adopting an aggressive approach. That means better AI accelerators with a much broader supply chain, but this doesn't seem like a possibility for now.
However, statements by officials in the AI industry make one thing evident: This is indeed the path adopted by companies, and we could see significant advancements being made, especially in the data center division. 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 GenAI growth.
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