HT TECH wants to start sending you push notifications. Click allow to subscribe

Nvidia CEO says tech advances will keep AI cost in check

Nvidia Corp. Chief Executive Officer Jensen Huang anticipates advances in computing over the next few years will keep the cost of developing artificial intelligence well below the $7 trillion that Sam Altman is said to be fundraising.

By: BLOOMBERG
Updated on: Feb 12 2024, 18:03 IST
Nvidia CEO, Jensen Huang, believes advances in computing will keep the cost of developing artificial intelligence below the $7 trillion fundraising goal of OpenAI CEO, Sam Altman. (Bloomberg)

Nvidia Corp. Chief Executive Officer Jensen Huang anticipates advances in computing over the next few years will keep the cost of developing artificial intelligence well below the $7 trillion that Sam Altman is said to be fundraising.

“You can’t assume just that you will buy more computers. You have to also assume that the computers are going to become faster and therefore the total amount that you need is not as much,” Huang told the World Government Summit in Dubai on Monday. The 60-year-old’s company makes the most sought-after AI accelerators and he’s confident the chip industry will drive down the cost of AI, as those parts are made “faster and faster and faster.”

You may be interested in

Mobiles Tablets Laptops
Apple iPhone 15 Pro Max
  • Black Titanium
  • 8 GB RAM
  • 256 GB Storage
₹156,900
Check details
Google Pixel 8 Pro
  • Obsidian
  • 12 GB RAM
  • 128 GB Storage
₹106,998
Check details
28% OFF
Samsung Galaxy S23 Ultra 5G
  • Green
  • 12 GB RAM
  • 256 GB Storage
₹96,990₹134,999
Buy now
Apple iPhone 15 Plus
  • Black
  • 6 GB RAM
  • 128 GB Storage
₹87,900
Check details
21% OFF
Acer Swift Go SFG14 41 NX KG3SI 002 Laptop
  • Pure Silver
  • 8 GB RAM
  • 512 GB SSD
₹58,990₹74,999
Buy now
41% OFF
Acer Aspire 5 A515 57G Laptop
  • Gray
  • 16 GB RAM
  • 512 GB SSD
₹52,990₹89,999
Buy now
22% OFF
Acer Aspire 3 A315 24 NX KDESI 004 Laptop
  • Silver
  • 8 GB RAM
  • 512 GB SSD
₹33,499₹42,999
Buy now
40% OFF
Asus VivoBook 15 X515JA BQ322WS Laptop
  • Transparent Silver
  • 8 GB RAM
  • 512 GB SSD
₹31,350₹51,990
Buy now
35% OFF
Xiaomi Pad 6
  • Mist Blue
  • 6 GB RAM
  • 128 GB Storage
₹25,999₹39,999
Buy now
55% OFF
Lenovo Tab M10 5G
  • Abyss Blue
  • 6 GB RAM
  • 128 GB Storage
₹20,999₹47,000
Buy now
38% OFF
Realme Pad 2
  • Imagination Grey
  • 6 GB RAM
  • 128 GB Storage
₹17,999₹28,999
Buy now
Honor Pad X9
  • Gray
  • 4 GB RAM
  • 128 GB Storage
₹16,998
Check details

Huang was responding to a report in the Wall Street Journal that OpenAI CEO Sam Altman is seeking to raise $7 trillion from investors in the Middle East, including the United Arab Emirates, for a semiconductor initiative to power AI projects that would rival Nvidia.

Also read: Looking for a smartphone? To check mobile finder click here.

Because of its uncontested leadership in AI-training chips, Nvidia’s market value has ballooned to more than $1.7 trillion and increased Huang’s personal wealth several times over. Altman and other AI developers are seeking ways to diversify their hardware options, including by exploring chipmaking ventures of their own.

The world’s leading contract chipmakers, Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co., commit in excess of $30 billion in capital expenditures each year to stay ahead of potential rivals. For Altman to have a realistic chance of making a dent in their lead, he would need to spend lavishly on research, development, facilities and expert personnel, but Huang’s view would suggest that better, more cost-efficient chips will make that unnecessary.

Still, the Nvidia CEO doesn’t see an end to the increase in AI spending anytime soon. In his remarks, Huang estimated that the global cost of data centers powering AI will double in the next five years. 

“We’re at the beginning of this new era. There’s about a trillion dollars’ worth of installed base of data centers. Over the course of the next four or five years, we’ll have $2 trillion worth of data centers that will be powering software around the world,” he said.

Also, read these top stories today:

Facebook a mess? Facebook can’t copy or acquire its way to another two decades of prosperity. Is the CEO Mark Zuckerberg up to it? Facebook is like an abandoned amusement park of badly executed ideas, says analyst. Interesting? Check it out here. Go on, and share it with everyone you know.

Elon Musk's Purchase of Twitter Is Still in Court! A court wants Elon Musk to testify before the US SEC regarding potential violations of laws in connection with his purchase of Twitter. Know where things stand here

Does Tesla lacks AI Play? Analysts highlight this aspect and for Tesla, that is trouble. Some interesting details in this article. Check it out here. If you enjoyed reading this article, please forward it to your friends and family.

Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on ,Twitter, Facebook, , and Instagram. For our latest videos, subscribe to our YouTube channel.

First Published Date: 12 Feb, 18:02 IST

Sale

Mobiles Tablets Laptops
4% OFF
Samsung Galaxy S24 Ultra
  • Titanium Black
  • 12 GB RAM
  • 256 GB Storage
₹129,999₹134,999
Buy now
7% OFF
Apple iPhone 15 Pro Max
  • Black Titanium
  • 8 GB RAM
  • 256 GB Storage
₹148,900₹159,900
Buy now
13% OFF
Xiaomi 14
  • Matte Black
  • 12 GB RAM
  • 512 GB Storage
₹69,999₹79,999
Buy now
10% OFF
Apple iPhone 15 Plus
  • Black
  • 6 GB RAM
  • 128 GB Storage
₹80,590₹89,900
Buy now
38% OFF
Xiaomi Pad 6
  • Mist Blue
  • 6 GB RAM
  • 128 GB Storage
₹24,999₹39,999
Buy now
38% OFF
Lenovo Tab M10 5G
  • Abyss Blue
  • 6 GB RAM
  • 128 GB Storage
₹20,999₹34,000
Buy now
28% OFF
Realme Pad 2
  • Imagination Grey
  • 6 GB RAM
  • 128 GB Storage
₹17,999₹24,999
Buy now
41% OFF
Lenovo Tab M9
  • Frost Blue
  • 3 GB RAM
  • 32 GB Storage
₹9,449₹16,000
Buy now
38% OFF
Acer Aspire 3 A315 24 NX KDESI 004 Laptop
  • Silver
  • 8 GB RAM
  • 512 GB SSD
₹32,790₹52,999
Buy now
27% OFF
Infinix INBook X1 Neo XL22 Laptop Intel Celeron Quad Core 8 GB 256 GB SSD Windows 11
  • Blue
  • 4 GB RAM
  • 128 GB SSD
₹21,990₹29,990
Buy now
29% OFF
Asus ROG Zephyrus G14 GA401QH BM072TS Laptop
  • Grey
  • 8 GB RAM
  • 512 GB SSD
₹65,990₹92,990
Buy now
35% OFF
Asus VivoBook Pro 15 M6500RC HN741WS Laptop
  • Quiet Blue
  • 16 GB RAM
  • 512 GB SSD
₹67,990₹104,990
Buy now
NEXT ARTICLE BEGINS