Earlier quoted context omitted.
> AMD has finite resources, like any company, and they’ve been focusing on CPU/datacenter dominance Why can't large companies tap the investment market? E.g. they could sell bonds to fund it, borrow, etc.
Well they definitely can, and do. They have made the decision that the reward isn't worth the risk. The idea (not aiming at you here, you didn't say this) that senior leadership at AMD is unaware of NVIDIA's lead in this space, and haven't repeatedly considered whether to invest in competing, is absurd. Likewise the idea that anyone outside of AMD understands better than AMD does what it would take in terms of invest…
I think it's very clear with the benefit of hindsight that not investing enough into the software side of deep learning early on was a bad decision. But it was obvious to me even at the time and I said as much to anyone who would listen (e.g. seven years ago https://news.ycombinator.com/item?id=12258027)