Nvidia CEO Jensen Huang now eyes this tech sector after AI: ‘We're working towards a day where…'
After
artificial intelligence
(AI),
Nvidia
CEO
Jensen Huang
has set his sights on the next growth opportunity: robotics.
Huang
revealed at Nvidia's annual shareholders meeting that he sees robotics, particularly self-driving cars, as the chipmaker's largest potential market beyond AI, representing a 'multitrillion-dollar growth opportunity.'
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'We have many growth opportunities across our company, with AI and robotics the two largest,' Huang stated, as per CNBC.
Huang believes that the widespread adoption of robotics will necessitate Nvidia's powerful data center AI chips for training the sophisticated software, as well as specialised chips to be installed directly in self-driving vehicles and robots.
Huang on how robotics will be the next step after AI
Huang highlighted Nvidia's Drive platform for autonomous cars, already in use by companies like Mercedes-Benz, and the recently released
Cosmos AI models
for humanoid robots.
'We're working towards a day where there will be billions of robots, hundreds of millions of autonomous vehicles, and hundreds of thousands of robotic factories that can be powered by Nvidia technology,' Huang said.
Huang sees Nvidia beyond a chip company: An AI infrastructure provider
Huang also elaborated on Nvidia's evolving identity, emphasising that the company has long moved beyond being merely a "chip company."
'We stopped thinking of ourselves as a chip company long ago,' Huang said.
He described Nvidia as an "AI infrastructure" or "computing platform" provider, increasingly offering complementary technologies such as software, cloud services, and networking chips to integrate AI accelerators.
This outlook comes as Nvidia's financial performance continues to soar, primarily driven by the demand for its data center GPUs, crucial for building and operating advanced AI applications like OpenAI's ChatGPT.
The company's stock reached a new record high on Wednesday, propelling Nvidia's market capitalisation to roughly $3.75 trillion, briefly positioning it as the world's most valuable company ahead of Microsoft.
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