Nvidia Corp. CEO Jensen Huang is confident that advances in computing technology will drive down the cost of developing artificial intelligence, keeping it well below the $7 trillion that Sam Altman is reportedly raising. Speaking at the World Government Summit in Dubai, Huang stated that faster computers will reduce the total amount needed for AI development.
Huang’s optimism stems from Nvidia’s position as a leader in AI accelerators, which has propelled the company’s market value to over $1.7 trillion. As Altman and other AI developers seek to diversify their hardware options, including exploring their own chip manufacturing companies, they face significant challenges in competing with established players like Nvidia.
To make a dent in Nvidia’s leadership, Altman would need to invest significantly in research, development, facilities, and expert staff. However, Huang believes that advances in semiconductor technology will lead to better and more cost-effective chips, making excessive spending unnecessary for emerging competitors.
Despite the potential reduction in development costs due to technological advancements, Huang foresees continued growth in AI spending. He estimated that the global cost of data centers powering AI will double over the next five years.
The comments made by Huang provide valuable insights into the future of AI development and its associated costs. They also shed light on the competitive landscape within the semiconductor industry as companies vie for dominance in driving technological innovation.
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