AMD-OpenAI Deal Is Win for Shareholders: CEO Lisa Su

Watch AMD-OpenAI Deal Is Win for Shareholders: CEO Lisa Su - Bloomberg on Dailymotion

Transcript

00:00The condition of AMD issuing the stock to OpenAI requires you to spend money, basically,

00:08because you have to deliver that gigawatt of capacity first.

00:12Lisa, I have to ask you if you have assurances that OpenAI is good for it.

00:17Well, let me be clear.

00:18I mean, this deal is a win for AMD, it's a win for OpenAI, and it's a win for our shareholders.

00:24And that's kind of the way we put this together.

00:26I have full confidence in OpenAI, Sam, Greg, Sarah.

00:31I mean, this is a massive opportunity for us.

00:33Right now, right here, it's about who has the most compute and how fast can we get it online.

00:39And we're committing to doing this together.

00:41And the fact is, as OpenAI buys chips, that's great for AMD.

00:45Our revenue goes up, our earnings go up.

00:48We expect that it will also be very, very accretive to our shareholders from day one.

00:54And as we do that, we're very happy to have OpenAI as a deep partner, and we win together.

00:59So it's like a virtuous, positive cycle in how we build out this big vision for having all this compute out there.