look at all these people who are here in the evening. I know to talk about chips. Yes,

we're very excited.

Hi, everyone from New York Magazine and the Vox Media Podcast Network. This is on with

Caroswisher, and I'm Caras Swisher. I've spoken to many people here on the podcast about the

AI race, and a lot of the focus has been on generative models and the companies that make them.

But the real power and a lot of the tension in the AI space is in the hardware, the semiconductor

industry that is building all of that

compute. My guest today has been a leader in the chips industry for more than a decade. Lisa Sue,

CEO of Advanced Micro Devices, better known as AMD. When Sue took over AMD in 2014, which a lot of

people warned her not to do, the company was almost on the verge of bankruptcy.

By 2022, AMD was thriving and has surpassed its biggest rival Intel in Market Cap.

Last year, Sue was named Times CEO of the year.

I've really always liked talking to Lisa. We have a great rapport, largely because

she's a straight shooter, and she actually tells me exactly what she thinks all the time,

even we don't agree on things. She's also, unfortunately, one of the few women's CEOs in tech,

and so she stands out for that reason alone, but she also stands out because she's incredibly qualified for the job.

And it's a big job these days.

You would think that the increased demand for the best high-powered chips to fuel the AI race would mean that Sue and AMD were just coasting, but not so.

There are a lot of headwinds, not the least of which, are the back-and-forth terror threats, export controls, funding cuts, and all the other chaos coming from the Trump administration

in the past 100-plus days. And instead of just two major competitors, Intel and, of course,

the now popular Nvidia, there are a slew of other newcomers in the space to contend with,

including in China. I talked to her all about that and about her strategy for this new future at the Johns Hopkins

...