THE BRIEFING
AMD HITS US $ 1TN AS LISA SU’ S AI BET TAKES ON NVIDIA
When Lisa Su first became AMD CEO in 2014, shares cost US $ 3. Recently, driven by intense AI compute demand, the company’ s stock reached US $ 615.52, carrying the company past US $ 1tn in market value. AI partnerships with Anthropic, OpenAI and Oracle have also fueled the firm’ s growth and as record revenue reaches US $ 11.5bn, AMD continues to gain a larger market share against tech rival NVIDIA.
CITI CEO EXPECTS‘ TSUNAMI’ OF PATCHES AHEAD OF AI GUARDRAILS
Citi CEO Jane Fraser says companies are quickly patching digital frameworks as concerns around AI models conducting automated attacks looms. While NVIDIA CEO Jensen Huang opposes slowing AI development, many financial leaders like Goldman Sachs’ s David Solomon agrees with Jane and, along with 100 other tech executives, is calling for industry-wide defensive frameworks and cyber defences before AI threats escalate.