Benzinga - by Adam Eckert, Benzinga Staff Writer.
Advanced Micro Devices Inc (NASDAQ:AMD) CEO Lisa Su anticipates immense growth in the artificial intelligence space in the coming years and is positioning AMD to capture share as the technology advances.
What Happened: Monday on CNBC’s “Closing Bell: Overtime,” Su stressed the importance of AI development.
“AI is actually the most important technology that we’ve seen over the last 50 years, you know, it’s arguably the most important,” Su said.
“When you think about what it can do for enterprises, for all of us, for research, for development — all of that capability — you need more compute.”
AI technology is language-based so anyone can use it, but it’s still in its infancy, the AMD CEO said, adding that it will become faster, more accessible and better overall. She told CNBC that she anticipates “tremendous growth” in AI over the next three to five years.
AMD is working on gaining share in the space through partnerships in the cloud and edge computing. The company is also offering AI-powered personal computers to help increase AI accessibility, Su said.
“I’m very excited about this continuum of AI products as you go from cloud to edge to PC and really trying to get, you know, sort of the user experience such that everybody has AI somewhere in their lives,” Su said.
The AMD CEO explained that people have a lot of personal data and use their PCs as personal productivity tools as is, but the AI PC can offer users much more capable personal assistants and boost productivity dramatically.
“As the technology gets better, I am absolutely sure that everyone is going to want an AI PC,” Su said.
Check This Out: Redditor Sees More Value In These AI Stocks Than Nvidia, AMD
AMD Price Action: AMD shares closed Monday down 4.34% at $193.39, according to Benzinga Pro.
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