It appears that the AI tech industry is divided between the severity of the AI bubble. The likes of Dario Amodei and Sundar Pichai continue to contribute to the growing concerns surrounding a possible bust of the bubble, given the wave of overspending being done over AI. Questions of AI ethics, the pressing need to make advancements in AI technology to cope with the ever increasing demands for better, more efficient LLMs, further add to the anxiety attributed to the AI bubble.
Yet, there exists another group of leaders in the same AI tech industry who firmly believe that the AI bubble is nothing to worry about. Instead, the notion of “overspending” is being perceived as heavy investments in AI technology.
Simultaneously, they are reading into this phenomenon as an indication of the growing stage of the AI bubble. NVIDIA’S Jensen Huang has been more optimistic than ever regarding the fact the AI bubble has still yet to grow to its fullest potential, while Alibaba chief Eddie Wu simply missed every doubt about the bubble. And now, AMD CEO Lisa Su has joined the bandwagon.
AMD chief Lisa Su thinks AI Bubble concerns are exaggerated
During the WIRED’s Big Interview conference in San Francisco Wired dated December 4, Lisa Su, CEO of AMD, spoke volumes about the exaggerated nature of discussions surrounding the AI bubble. Leading the biggest rival of NVIDIA in the AI chip market, Su shares a sentiment similar to Jensen Huang when it comes to the threats entailing the bubble.
When Lauren Goode, moderator and Senior Correspondent of the news outlet, asked Su, “Are we in a bubble?,” the AMD CEO had a very confident answer. Su immediately responded, “Emphatically, from my perspective, no.” Describing artificial intelligence as the “most transformative technology” of her career, she said, “We’re so early in the usage of it,” adding, “We haven’t even gotten started yet.”
Lisa Su went on to explain, “We haven’t really even, you know, the amount of progress that we’ve made in the last couple of years has been wonderful, but we’re still at the very early innings of seeing what AI can do.” She further laid emphasis to study how AI can boost productivity, bring transformations in businesses, bring changes across sciences and healthcare.
Goode’s next question pertained to the possibilities of the AI bubble anxiety being overblown. To this, Lisa Su spoke in the affirmative, yet she tried to justify the basis of such anxiety to materialize. She said, “I do think the concerns are somewhat overstated, and that’s probably because we’re not used to bets this big.” Throwing light on the necessity to pool in more resources in AI tech development, Su believes that “There’s tremendous free cash flow being generated by the largest hyperscalers,” thus hinting at there being a “tremendous demand for technology.”
Related: NVIDIA CEO Jensen Huang Doesn’t Believe in AI Bubble, Company Shares Hint Otherwise
Is the AI Bubble really not there?
AMD CEO Lisa Su expressed her determination about gaining speed to dominate the AI chip market at the WIRED’s Big Interview conference last week. Her take on the AI bubble situation seems to echo the same ideas that NVIDIA’s chief executive Jensen Huang has shared time and again.
Nevertheless, the difference in their stances lies in their approach to the AI bubble itself. Lisa Su makes it clear that speed is the only way to gain traction and make it big in the AI chip market, while Jensen Huang endeavors to automate every workflow from the ground up to make sure efficiency is at its optimal level.
Indeed, there has been a steep rise in demand for AI tools and models, as well as chips necessary to train and develop LLMs. Su and Huang choose to look ahead and take decisions as per the market demands. However, Sundar Pichai in his recent BBC interview did mention that the industry has a long way to go in terms of technological progress to fulfill the ceaseless demands for better AI versions. Hence, what matters at the moment is the manner in which the AI bubble continues to grow and its implications in th event of its burst.
Also Read: Alibaba Stock Prices Move Upwards Amid AI Bubble Speculations
