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.
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