Nvidia CEO Jensen Huang Emphasizes Robotics – Second Priority After AI
At the annual shareholder meeting on Wednesday, Nvidia CEO Jensen Huang asserted that robotics has now become the company's second-largest focus, behind artificial intelligence (AI), with self-driving cars as the top driver.
According to CNBC, Mr. Huang called AI and robotics a "trillion-dollar growth opportunity" that will shape Nvidia's development strategy in the coming time.
Nvidia Revenue Booms on Data Center Chips
Nvidia saw a surge in revenue, largely due to strong demand for GPUs in data centers as AI tools like ChatGPT became more popular. The company is planning to apply the technology to robots and autonomous vehicles.
A year ago, Nvidia restructured, combining its automotive and robotics businesses into one unit. Last quarter, the unit generated $567 million in revenue, representing 1% of total revenue but up 72% from the same period last year, explaining why CEO Jensen is so interested.
Nvidia Expands Robotics With AI Chips
Jensen confirmed that training and deploying robotics software requires Nvidia's AI chips, from cloud systems to physical devices like self-driving cars and humanoid robots.
Specifically, Nvidia's Drive platform is being applied by Mercedes-Benz for its autonomous driving system. The Cosmos project develops an AI suite for humanoid robots, promising to open a new era of robotics.
“The day will come when there are billions of robots, hundreds of millions of self-driving cars, and hundreds of thousands of robot factories, all running on Nvidia technology,” Jensen shared.
Shifting Towards a Comprehensive AI Infrastructure Platform
Nvidia is not just a chip maker, but also an AI infrastructure platform. They develop software, cloud services, and networking hardware to connect AI chips into a complete ecosystem.
The data center segment grew 73% year-over-year. Nvidia's full-year revenue is expected to increase 53%, reaching nearly $200 billion.
Competitive Challenges in China Due to Export Ban
However, Nvidia has encountered obstacles in the Chinese market when sales have almost frozen.
Last April, the US government issued a tightening regulation, banning the export of Nvidia's H20 AI chip to China. Nvidia estimated the damage at up to $8 billion, plus $4.5 billion in inventory that had to be recorded as a loss.
Closing the Chinese Market – A Big Impact on Nvidia
Mr. Huang commented that the $50 billion market in China is completely closed to US businesses.
Not stopping there, the new regulations will expand the list of AI chips banned from export, continuing to target the Chinese market.
Nvidia Stock Soars, Market Value Surpasses $3.77 Trillion
Despite the difficulties, Nvidia shares rose more than 4% on the day of the shareholder meeting, closing at $154.31 - a new record, surpassing the old level from January.
Market capitalization reached $3.77 trillion, rising to the position of the world's most valuable public company, surpassing Microsoft and leading the entire technology industry, while Apple ranked third with $3 trillion.
Shareholders Maintain Leadership, the Center of Nvidia's Transformation
At the meeting, shareholders approved the executive compensation plan and re-elected all 13 members of the board. However, proposals for diversity reporting and improvements to meeting procedures were not adopted.
All eyes are on the next development vision, with robotics and AI at the heart of driving Nvidia into the future.
Source: https://tintucbitcoin.com/jensen-huang-nvidia-choi-lon-voi-robot/
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