In an interview with Bloomberg’s Emily Chang, Nvidia CEO Jensen Huang discussed investor concerns surrounding the company’s AI business and its outlook for 2024. Huang acknowledged that the AI industry is facing a ‘digestion period’ as companies work to integrate large language models into their products and services. However, he expressed confidence in Nvidia’s ability to navigate this period, citing the company’s strong position in accelerated computing and its partnerships with major cloud providers like Microsoft, Amazon, and Google. Huang also highlighted Nvidia’s focus on developing AI models for specific industries like healthcare, manufacturing, and finance, which he believes will drive long-term growth. Additionally, he addressed concerns about competition from AI startups, stating that Nvidia’s scale and expertise in hardware and software give it a significant advantage. Overall, Huang aimed to reassure investors that Nvidia is well-positioned to capitalize on the AI boom, despite near-term challenges.
Source: https://www.businessinsider.com/nvidia-ceo-jensen-huang-ai-investor-concerns-blackwell-2024-9