Nvidia CEO Huang Renxun stated on Thursday (February 2) that countries around the world plan to establish and operate autonomous artificial intelligence infrastructure domestically, which will increase demand for Nvidia products.
On Thursday, Huang Renxun stated in an interview that many countries are discussing the importance of investing in "national sovereignty artificial intelligence capabilities", including India, Japan, France, Canada, and other countries.
Huang Renxun added, "The recognition of sovereign artificial intelligence capabilities is global."
Huang Renxun pointed out in an interview with Canada on Thursday that Canada's demand for supercomputers is increasing because it is necessary to make good use of its academic achievements.
At present, academic institutions in various countries have made significant contributions to the breakthrough of generative artificial intelligence systems, which provide power for tools such as ChatGPT.
Expand customer base
Driven by artificial intelligence spending from major clients such as Microsoft, Meta, Amazon, and Alphabe, Nvidia has become the world's largest chip manufacturer by market value. It is estimated that its sales for this fiscal year will double.
Nvidia is currently the most optimistic company on Wall Street related to artificial intelligence, and its earnings in the past few quarters have exceeded analyst expectations. And it may need to find new markets to maintain this momentum.
Huang Renxun is currently expanding his target customers to government agencies, hoping to persuade them to establish their own infrastructure. This national route targeting the trend of artificial intelligence will drive the expansion of data centers, which requires Nvidia's professional knowledge and hardware.
In recent months, he has also been discussing the need for countries and their companies to retain valuable data and intelligence locally.
He pointed out, "Generative artificial intelligence technology will affect every country. Therefore, some markets will be quite large and global."
Analysts predict that the surge in demand for Nvidia products will make it the company with the highest revenue in the chip industry as early as 2025.