The AI supercycle is just beginning: AMD CEO

AMD CEO Dr. Lisa Su announced at the Goldman Sachs Communacopia & Technology Conference that her company is embarking on an AI "supercycle," introducing a series of high-powered AI chips. AMD will launch the MI325 AI chip later this year, followed by the MI350 in 2025 and the MI400 in 2026, challenging rival Nvidia's dominance in the AI chip market. These new chips come after the successful release of the MI300x last year, and Su expects AMD to generate $4.5 billion in sales from this chip alone in 2024. This marks a significant growth from the $100 million in AI-related chip revenue the company earned last year. With the AI market proving to be a lucrative one, AMD is making substantial investments for the next five years.

 

This news summary is based on an original article from Yahoo Finance and can be read here: The AI supercycle is just beginning: AMD CEO