Nvidia's CEO Jensen Huang said he expects the artificial intelligence boom will last well into next year and made what could be the largest single bet yet in the tech sector to back up his optimism.
'This is not a one-quarter thing' - CEO HuangCEO Jensen Huang said he expects the artificial intelligence boom will last well into next year and made what could be the largest single bet yet in the tech sector to back up his optimism.
Nvidia said it plans to ramp up production of its hardware into next year, quashing doubts that a few analysts had raised about how long the AI craze could last. The company has a near-monopoly on the computing systems used to power services like ChatGPT, OpenAI's blockbuster generative AI chatbot. In an interview with Reuters, Huang said two things are driving that demand: a switch from traditional data centers that were built around central processors to ones built around Nvidia's powerful chips, and the rising use of content generated by AI systems in everything from legal contracts to marketing materials.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nvidia forecast tops Wall Street expectations, $25 billion share buyback planned By ReutersNvidia forecast tops Wall Street expectations, $25 billion share buyback planned
Read more »
Nvidia bets $25 billion that AI boom is far from over By ReutersNvidia bets $25 billion that AI boom is far from over
Read more »
How Nvidia's Jensen Huang may be driving Fed rate-hike expectationsIn the bond market, a surge of AI-related expectations is translating into higher real yields, according to Ben Emons of NewEdge Wealth.
Read more »
Exelixis price target raised to $29 vs. $25 at OppenheimerOppenheimer has raised its Exelixis Inc. price target to $29 from $25, citing the biotech’s Phase 3 CONTACT-02 trial evaluating Cabozantinib in combination...
Read more »
Today's deals: $160 AirPods Pro, Bose soundbars, Sony ANC headphones, $25 Echo Pop, moreTuesday's top tech deals include renewed AirPods Pro, Bose soundbars, Sony ANC headphones, Amazon Echo Pop, and more.
Read more »