Has the AI boom reached a tipping point, or is it more about pandering to investors?
South Korea is currently hosting its APEC CEO Summit, and NVIDIA’s CEO took to the stage on Friday to speak about the future of AI.
The keynote speech came just a couple of days after NVIDIA became the first company in history to hit a $5 trillion market valuation, a meteoric rise after becoming the first company with a $4 trillion valuation just a few months ago.
“We have now achieved what is called the virtuous cycle. The AIs get better, more people use it, it makes more profit, creates more factories, which allows us to create even better AIs, which allows more people to use it. The virtuous cycle of AI has arrived.”
Huang uses the virtuous cycle analogy to explain away the almost unbelievable rise in company value since the AI boom kicked off a few years ago:
“This is the reason why you’re seeing the world’s capex going so fast. There are two fundamental things that are happening. First is a transition, as I mentioned, from general-purpose computing to accelerated computing. Moore’s law has really run out of steam, so we need another way of doing computation. NVIDIA’s accelerated computing is the foundation layer for that. On top of accelerated computing, AI has now achieved the virtuous cycle.”
https://www.windowscentral.com/hardware/nvidia/nvidia-ceo-ai-boom-100-trillion-world-industries
