In a high-stakes battle for supremacy, Nvidia’s Chief Executive Officer, Jensen Huang, has predicted that reducing the costs of AI chips using faster chips could shake up the industry.
Huang, who presides over the self-proclaimed “world’s most advanced AI platform,” told the World Government Summit in Dubai of his cunning plan to harness technology’s relentless march and slash the cost of AI development.
Huang warned that companies could not just throw money at AI and expect miracles.
He said that the secret lies in faster and cheaper chips.
Huang thinks computers are evolving faster than a caffeinated cheetah, and it was about something other than buying more hardware. It’s about quantum leaps in velocity.
Nvidia, the behemoth of AI-training chips, now boasts a market value that could buy a small galaxy: $1.7 trillion and counting. Huang’s cash mountain is so high that the Royal family could take a well-earned skying holiday on its upper slopes.
Meanwhile, the Wall Street Journal claims that OpenAI, led by Sam Altman, seeks to raise a staggering $7 trillion from Middle Eastern investors to forge a semiconductor juggernaut that’ll make Nvidia’s circuits quiver.
Meanwhile, across the pond, Uncle Sam has entered the fray. President Joe Biden signed the ‘CHIPS Act’—a $52 billion love letter to American factories.
