'Bigger Than Internet, Mobiles': Nvidia CEO Jensen Huang Hails Generative AI As The 'Most Significant Transition In Computing History'

Nvidia has recently made substantial strides in advancing its generative AI chips, reaping substantial profits by staying ahead of the curve in the AI landscape.

At the Microsoft Ignite 2023 annual developer event, the tech giant unveiled a strategic collaboration with Nvidia to initiate diverse AI projects. Jensen Huang, the CEO of Nvidia, made noteworthy remarks during the event about the transformative potential of generative AI. With Nvidia having accumulated $6 billion in profit from its AI ventures, the California-based tech giant is poised to introduce groundbreaking innovations in partnership with Microsoft.

Generative AI, which is still in its nascent stage, demonstrates the ability to create original content across various domains such as text, images, and music. Huang emphasised the pivotal role of generative AI, describing it as the "single most significant platform transition in computing history." Furthermore, he asserted that this technology could surpass the capabilities of personal computers, mobile devices, and even the Internet itself, envisioning AI as potentially "bigger than the Internet."

Nvidia has recently made substantial strides in advancing its generative AI chips, reaping substantial profits by staying ahead of the curve in the AI landscape. The company is expected to unveil a new AI chip in 2024, a move that is anticipated to further bolster its revenue amidst the ongoing AI boom.

The collaboration between Nvidia and Microsoft extends beyond hardware development, encompassing a range of AI projects. Notably, the companies are working on an AI foundry service designed to empower businesses in creating customised generative AI models. This service aims to extend the reach of AI applications into diverse industries, including healthcare and entertainment.

Huang highlighted the capabilities of Nvidia's AI foundry service, emphasising its integration with Microsoft Azure to enable enterprises worldwide to connect their custom models with Microsoft's cloud services. The partnership between Nvidia and Microsoft is poised to bring transformative advancements to the IT sector and the broader technology industry. As the race intensifies in the burgeoning field of AI, the announcement of a new AI chip in 2024 and collaborative projects signifies a dynamic phase in the evolution of artificial intelligence technologies.