Nvidia's AI Revolution: CEO Huang Predicts Unprecedented Growth with 'AI Factories' and Blackwell Chips
November 21, 2024The AI data center is specifically designed to meet the heavy computational demands of AI workloads, enabling efficient training and deployment of machine learning models.
Nvidia's CEO Jensen Huang believes the company and AI technology are just beginning to grow, despite achieving a remarkable 94% year-over-year revenue increase in the third quarter of 2024.
Nvidia serves numerous major companies, including Alphabet, Meta, Microsoft, and Oracle, which rely on its data centers and chips for their AI applications.
Huang describes Nvidia's data centers as 'AI factories', emphasizing their crucial role in the ongoing modernization and creation of new industries driven by AI.
Huang addressed potential issues with overheating in Nvidia's new Blackwell GPUs, asserting that demand for these chips is 'staggering' and essential for the company's future growth.
He highlighted that both post-training and inference-time scaling in AI development are ongoing and vital for enhancing model performance.
The company is experiencing significant growth in the enterprise and industrial AI sectors, with its Nvidia AI Enterprise platform being adopted by various industry leaders.
Despite concerns from analysts about sustaining growth in large language models and revenue, both Huang and CFO Colette Kress remain optimistic about future opportunities.
Nvidia's Blackwell architecture features seven custom chips that can be tailored for different cooling systems and configurations to accommodate diverse data center needs.
Huang compared the rise of generative AI to the introduction of the iPhone, suggesting it will open entirely new market segments and opportunities.
He emphasized the transformative shift from traditional coding to machine learning on GPUs, marking a significant evolution in technology.
Nvidia's Omniverse platform is facilitating the development of industrial AI applications, with major manufacturers like Foxconn adopting it to improve efficiency and automate processes.
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PYMNTS.com • Nov 21, 2024
After Posting 94% Revenue Jump, Nvidia CEO Says Company Has Room to Scale | PYMNTS.com