NVIDIA CEO Says AI Spending Flywheel Is Really, Really Flying

Image for article NVIDIA CEO Says AI Spending Flywheel Is Really, Really Flying
News Source : Yahoo Entertainment

News Summary

  • CEO Jensen Huang said demand for artificial intelligence computing is accelerating.
  • Huang estimated that a 1-gigawatt NVIDIA AI factory costs about $50 billion to $60 billion to build.
  • Huang said thousands of companies worldwide are working on AI safety, security and guardrails.
  • He argued that the industry can build AI that is "incredibly useful," helpful and safe at the same time..
  • NVIDIA stock rose in Wednesday premarket trading as technology stocks gained alongside u.s. equity futures.
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