Nvidia CEO predicts significant growth in AI revenue and software beyond chips.

1 min read
Source: MarketWatch
Nvidia CEO predicts significant growth in AI revenue and software beyond chips.
Photo: MarketWatch
TL;DR Summary

Nvidia's CEO, Jensen Huang, expects revenue from generative AI to grow significantly in the next 12 months, as businesses either adopt AI or get left behind. Huang also expects demand for hardware to increase as the size of AI models is estimated to increase 10-fold every year. Cloud service providers face a challenge due to the end of Moore's Law, and Nvidia's accelerated computing solution helps them reduce workload. Nvidia offers a software library to improve computational lithography, which saves money and reduces power consumption. Huang said he would cut off services to any customer who builds a malignant AI.

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