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TLDR:
Key Points:
- Nvidia’s CEO Jensen Huang believes in the world-changing capabilities of AI and how it can transform computing.
- Nvidia’s profitability is linked to the growing demand for its chips in the AI industry.
Article Summary:
Nvidia CEO Jensen Huang believes in the transformative power of AI and how it is changing the world. The company has seen significant profits from the AI boom, with tech giants investing in Nvidia chips for large language models like ChatGPT and Gemini. Despite doubts about the sustainability of customer spending on AI, Huang remains optimistic about the future of generative AI and its applications.
While analysts questioned the ROI on AI investments, Huang defended Nvidia’s infrastructure as the best way for data centers to modernize and save money. Nvidia’s revenue and profit have doubled compared to the previous year, making it one of the most valuable companies in the world. Despite Huang’s positivity, Nvidia’s shares fell slightly in after-hours trading.
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