Nvidia’s CEO says countries looking to build their own AI systems will increase demand

(Bloomberg) — CEO of Nvidia Corp. Jensen Huang said countries around the world looking to build and manage their own artificial intelligence infrastructure domestically will increase demand for his company’s products.

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Countries including India, Japan, France and Canada are talking about the importance of investing in “sovereign AI capabilities,” Huang said in an interview with Bloomberg Television on Thursday. “Their natural resource – data – must be refined and produced for their country. The recognition of sovereign AI capabilities is global.”

At the time of the interview, Huang was in Canada, home to a number of academic institutions that have contributed significantly to breakthroughs in the kind of generative AI systems that power tools like OpenAI’s popular ChatGPT. The country now faces a growing need for the supercomputers needed to benefit from the work of its academics, he said.

Huang, co-founder of chip designer Nvidia, has been talking for months about the need for countries and their companies to keep valuable data and the intelligence that can be extracted from it local. Such a national approach to the AI ​​boom will spur an expansion of data centers that require Nvidia’s know-how and hardware.

The world’s most valuable chipmaker is estimated to have doubled its revenue in the fiscal year, driven by AI spending from its biggest customers such as Microsoft Corp. Meta Platforms Inc., Amazon.com Inc. and Alphabet Inc. Huang now wants to expand his customer base by convincing companies and government agencies to build their own infrastructure.

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