TECH - AMD President Victor Peng Sees AI-Powered PCs As Key To Rivalry With Nvidia Intel | Benzinga
Advanced Micro Devices, Inc. (NASDAQ:AMD) President Victor Peng expressed his confidence in AI-powered PCs as a pivotal tool in the company’s competition with NVIDIA Corp (NASDAQ:NVDA) and Intel Corp (NASDAQ:INTC).
What Happened: According to Peng, the market for AI PCs is set to expand further, with AMD anticipating increased adoption in the latter half of the year. AI PCs are personal computers integrated with processors specifically designed for AI tasks, such as real-time language translation, reported CNBC on Thursday.
Canalys, a tech research firm, predicts that the surge in generative AI will drive PC sales, with an estimated 60% of PCs shipped in 2027 being AI-capable, as per a December report.
"We are seeing AI PCs becoming a bigger factor, and we have a good lead in AI PCs with the recent announcements … I think we're extremely well positioned, both in AI and in other traditional businesses," said Peng.
The interest in AI spiked following the viral launch of ChatGPT, a chatbot known for its human-like responses to user prompts, in November 2022.
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