Reported 9 months ago
On June 26, 2024, Huang Renxun, CEO of NVIDIA, predicts at the shareholder meeting that the next wave of AI technology will automate $50 trillion heavy industry, as NVIDIA has taken measures to solidify its leading position in the AI chip market. Huang credits NVIDIA's success to investments in AI chip development over the past decade, leading to over 80% market share. NVIDIA's focus has shifted from gaming to data centers and creating new markets for AI, with a strategic push towards industrial automation. Despite market competition, NVIDIA remains focused on offering cost-effective solutions, emphasizing the advantage of their AI chips in total cost of ownership. Huang believes NVIDIA is well-positioned for growth in the upcoming wave of AI innovation encompassing robotics and sovereign AI applications.
Source: YAHOO