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Nvidia CEO Jensen Huang addresses CES after stock’s record close
Jared LynchNvidia chief executive Jensen Huang has unveiled a new generation of chips to provide the computing power needed to fuel the next phase of the artificial intelligence revolution and what he says is a “multitrillion-dollar opportunity”.
Addressing the world’s biggest consumer electronics show, Mr Huang said new scaling laws were emerging, paving the way for AI to “think” and train itself.
“Machine learning has changed how every application is going to be built, how computing will be done, and the possibilities, beyond,” he said, as he announced a “whole family of models” that are based off Meta’s llama.
“Every single enterprise in every single industry has been activated to start working on AI. Well, the thing that we did was we realised that the llama models really could be better fine tuned for enterprise use, and so we fine tune them using our expertise and our capabilities.”
Mr Huang said software coding was the next giant AI application, and with 30 million software engineers globally, it represented a “multi-trillion dollar opportunity”.
“Everybody is going to have a software assistant helping them code, if not, obviously you’re just you’re going to be way less productive and create lesser good code,” he told the Consumer Electronics Show. “It is very, very clear AI agents is probably the next robotics industry, and likely to be a multitrillion-dollar opportunity.”
Mr Huang showcased Nvidia’s new Blackwell RTX 50-series GPUs, priced from $US549 to $US1999.
“The GPU is just a beast, 92 billion transistors. Even the mechanical design is a miracle. Look at this. It’s got two fans. This whole graphics card is just one giant fan.
“The internet is producing about twice, twice the amount of data every single year as it did last year. I think the in the next couple of years will produce more data than all of humanity has ever produced since the beginning.
“The amount of computation that we need, of course, is incredible. And we would like, in fact, we would like, in fact, that society has the ability to scale the amount of computation to produce more and more novel and better intelligence, intelligence, of course, is the most valuable asset that we have, and it can be applied to solve a lot of very challenging problems.
“So scaling law, it’s driving enormous demand for Nvidia computing. It’s driving an enormous demand for this incredible chip we call Blackwell.”
Mr Huang, 61, spoke before a packed crowd at the Consumer Electronics Show at Michelob ULTRA Arena, a 12,000-seat stadium at Mandalay Bay Resort and Casino in Las Vegas.
Nvidia shares set a new record close ahead of his address.
Nvidia’s shares rose 3 per cent to a record close of $US149.43 on Tuesday morning (AEDT) after artificial intelligence buoyed the earnings of Taiwan’s Foxconn, which assembles Nvidia and Apple products.
The gains eclipsed Nvidia’s previous record close of $US148.88 on 07 November.
The chip maker’s shares hit a seven-week intraday high of $US152.15, near the all-time peak of $US152.89.
Nvidia briefly also reclaimed its title of US’s most valuable company during the session when its market capitalisation rose to $US3.73 trillion, but it closed at $US3.66 trillion – below Apple’s overnight rise to $US3.70 trillion....
