Joseph Moore's questions to Advanced Micro Devices Inc (AMD) leadership • Q1 2025
Question
Joseph Moore asked about the impact of rising inference costs from new reasoning models and how this trend affects AMD's business. He also requested an update on AMD's strategy for competing with custom AI ASICs, especially those developed by its own major customers.
Answer
CEO Lisa Su stated that the rise of reasoning models and distributed inferencing plays to AMD's strengths, highlighting the memory bandwidth and capacity advantages of the Instinct accelerator portfolio. On competition, Su positioned GPUs and ASICs as different solutions, viewing them as not mutually exclusive. She argued that GPUs offer greater flexibility as models evolve rapidly, and AMD's focus is on providing a competitive Total Cost of Ownership (TCO), giving customers choice in a market where both training and inference are critical.