(Bloomberg) — Nvidia Corp. Chief Executive Jensen Huang expects advances in computing over the next few years to keep the cost of developing artificial intelligence well below the $7 trillion that Sam Altman is said to be raising. .
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“You can’t assume that you will buy more computers. You also have to recognize that computers are going to get faster and so the total amount you need will not be as much,” Huang said at the World Government Summit in Dubai on Monday. The 60-year-old’s company makes the most sought-after AI accelerators and he is confident the chip industry will drive down the cost of AI as those parts are made “faster and faster and faster.”
Huang was responding to a Wall Street Journal report 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, which Nvidia is working on. Will rival.
Due to its uncontested leadership in AI-training chips, Nvidia’s market value has soared to more than $1.7 trillion and Huang’s personal wealth has multiplied. Altman and other AI developers are looking for ways to diversify their hardware options, including exploring their own chip manufacturing venture.
The world’s leading contract chip makers, Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co., spend more than $30 billion each year in capital spending to stay ahead of potential rivals. To give Altman any real chance of making a dent in their lead, it would need to spend massively on research, development, facilities and specialist personnel, but Huang’s idea would suggest that better, more cost-efficient…