AMD CEO Lisa Su reiterated the company's optimism for accelerated computing and artificial intelligence, claiming it is the best thing to happen to the technology industry in 50 years. CNBC spoke with Su on "Squawkon the Street" to discuss AMD's latest financing results and how the data depicts the company's positioning in the "artificial intelligence transformation."
When talking about the current situation of the market, Su Zifeng believes that we are currently in the "early stage" and there is still a lot to do in the future, especially in terms of artificial intelligence computing power and model training. Throughout the interview, Su expressed great optimism about AMD's future in the data center field and said that the company has indeed made all plans.
Briefly reviewing AMD's recent financial report, the company has revised its revenue guidance for data center revenue this quarter, and is confident that data center revenue will continue to grow in the first quarter of 2024 and will exceed $3.5 billion by the end of this year, which is a significant increase from the company's previous forecast of $2.5 billion. This growth is entirely due to the market performance in terms of customer adoption of AMD's InstinctMI300AI accelerators, especially MI300X, which has gained significant traction in the industry.
In addition, Su Zifeng believes that the field of artificial intelligence has developed rapidly in the past 18 months and will be fiercely competitive in the future. Nvidia will release the Hopper H200 artificial intelligence GPU, and emerging companies such as Huawei and Intel will also join it.
For example, we were very pleased to see Microsoft enable GPT-4 on its MI300X in production so quickly and launch a private preview of new MI300 instances in Azure at the same time as the MI300X was released. At the same time, we have established a partnership with HuggingFace, the leading open platform in the artificial intelligence community. Now, hundreds of thousands of artificial intelligence models can be used out of the box on AMD GPU, and we are extending this cooperation to our other platforms.
Customer deployment of Instinct GPUs continues to accelerate, with MI300 now becoming our fastest-growing revenue product in history, and with the strength of our multi-generation Instinct GPU roadmap and open source ROCm software strategy, we will capture significant market share in the coming years.
AMD's CEO predicts that AI-related business revenue could grow to as much as $150 billion by 2027, arguing that the company is well-positioned to leverage such huge capital through its AI portfolio. At the same time, Su Zifeng acknowledged the competition AMD faces and is confident in what is happening.