AMD's AI Plans for 2024 and Beyond

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In the coming years, AMD expects big changes in the artificial intelligence segment. Analyst Ming-Chi Kuo predicts rapid growth in the company’s future earnings but acknowledges NVIDIA's dominance in AI. AMD's supply of AI chips is expected to increase significantly in 2024, although it will still remain in NVIDIA's shadow with about 10% of their shipments. To support its advances in AI, AMD plans to acquire startups like Nod.ai to strengthen its software resources. Key predictions for 2024-2025 include AMD's AI chip shipments accounting for about 10% of NVIDIA's volumes, with Microsoft as its top customer, and a focus on cloud computing service providers. AMD is developing next-gen technologies and chips like the Instinct MI300 and MI400 accelerators to bolster its presence in AI. The company's success in this field depends on managing its software assets and attracting customers.