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India’s IT will be the ‘front-office’ of world’s AI revolution: Nvidia's Jensen Huang

Economic Times

Economic Times · 1y ago

India’s IT will be the ‘front-office’ of world’s AI revolution: Nvidia's Jensen Huang

India's IT professionals are strategically reskilling themselves with AI-native skills, positioning them to become leaders in the front-office of the global AI revolution, according to Nvidia CEO Jensen Huang. India's large population of IT professionals provides ample opportunity for reskilling, making them valuable assets in creating value for companies through AI implementation in areas such as engineering, marketing, sales, finance, and business operations. Huang highlighted the Indian government's interest in becoming a part of the AI value chain, rather than solely exporting data. Nvidia also expressed its openness to collaborate with India's commitment to import 10,000 GPUs.

Related News

Mission Possible: Ingredients are here for India to manufacture AI, lead AI revolution, says Nvidia's Jensen Huang

Economic Times

Economic Times · 10m ago

Mission Possible: Ingredients are here for India to manufacture AI, lead AI revolution, says Nvidia's Jensen Huang

Artificial Intelligence (AI) will not replace humans but rather elevate their capabilities, according to Jensen Huang, the founder and CEO of chip maker Nvidia. He believes that AI will make computers a tool for everyone, as it enhances efficiency and productivity. Huang also emphasizes the importance for the IT services industry in India to shift from being a cost-reduction back office to leading the AI revolution and becoming an innovation hub. He praises India's digital ecosystem and expresses optimism about the country's potential to leverage AI for economic growth and development.

Indian IT must hitch an AI ride to front office: Nvidia's Jensen Huang

Economic Times

Economic Times · 10m ago

Indian IT must hitch an AI ride to front office: Nvidia's Jensen Huang

Indian IT industry should embrace artificial intelligence (AI) and transform itself into a front office player, according to Jensen Huang, founder and CEO of chip maker Nvidia. Speaking in Mumbai, Huang said India had the digital infrastructure and the necessary software capabilities to thrive in AI. Huang predicted that IT firms would shift from being cost-focused to embracing innovation and invention. He also called for regulation of AI. Huang dismissed concerns that the technology would replace jobs, but added that it would improve productivity and elevate human capabilities.

AI is having a 1995 moment

Business Insider

Business Insider · 1y ago

AI is having a 1995 moment

According to tech analyst Dan Ives, the artificial intelligence (AI) boom could be compared to the internet boom of the 1990s. He believes that Nvidia is at the forefront of this revolution, producing highly sought-after graphic processing units (GPUs) that power AI models. Companies like Salesforce, Adobe, and Oracle are driving the demand for Nvidia's AI chips. Despite the similarities with the dot-com bubble, Ives does not anticipate a similar crash in the tech industry. Nvidia's recent earnings report, which exceeded expectations, supports the continued growth of the AI market. Nvidia's CEO, Jensen Huang, expects AI to expand into various industries in the coming years.

Nvidia profits soar over 600%, revenues above 200% as shares top $1,000

Livemint

Livemint · 1y ago

Nvidia profits soar over 600%, revenues above 200% as shares top $1,000

Nvidia Corp. has reported stellar earnings, with profit and revenue soaring due to the company's dominance in AI chips. Its net income surged to $14.88 billion, a sevenfold increase from the previous year, and revenue tripled to $26.04 billion. Nvidia's shares also crossed the $1,000 mark for the first time. The company's CEO, Jensen Huang, emphasized the significant role of AI in the next "industrial revolution" and predicted an increase in the use of Nvidia chips for building AI factories. Analysts praised Nvidia's performance, highlighting its continued dominance in the AI hardware market.

For Nvidia, it’s AI or bust as it reports a record-breaking quarter

Arstechnica

Arstechnica · 1y ago

For Nvidia, it’s AI or bust as it reports a record-breaking quarter

Nvidia's CEO, Jensen Huang, predicts the AI boom will continue into next year and has announced a $25 billion share buyback program. This comes as Nvidia's earnings far exceed expectations, with quarterly revenue reaching $13.51 billion, a 101% increase from a year ago. Nvidia's near-monopoly on hardware for accelerating neural network training and deployment positions it strongly in the generative AI market. The demand for GPUs in AI applications is immense, and Nvidia's lead in this space remains unmatched, making it the first $1 trillion chip company.

Nvidia AI developer conference kicks off with new chips in focus

Economic Times

Economic Times · 1y ago

Nvidia AI developer conference kicks off with new chips in focus

Nvidia's annual developer conference, GTC 2024, is set to showcase new chip and software announcements by CEO Jensen Huang. As the dominant seller of AI tools, Nvidia's latest offerings will determine its position in the market. Despite capturing an 80% share in the data center AI chip market last year, Nvidia's market share is expected to decline as rivals like Intel and Advanced Micro Devices release new products. Huang is anticipated to introduce the next generation AI processor, B100, along with several software-related products. This year's GTC will be held in-person, with roughly 16,000 attendees, and Huang's keynote address will take place at a Silicon Valley hockey arena, the largest venue for such an event.

Nvidia CEO says will balance compliance and tech advances under Trump

Economic Times

Economic Times · 9m ago

Nvidia CEO says will balance compliance and tech advances under Trump

Nvidia CEO, Jensen Huang, has stated that the company will prioritize both legal compliance and technological advancements under the new Trump administration. Despite potential US-China tensions, Huang remains confident in the global advancement of artificial intelligence. The Biden administration has already imposed restrictions on Nvidia's AI chip sales to China. Huang emphasizes the importance of open science and research in AI, praising China's contributions to AI technology. Nvidia's technology is in high demand globally, as tech giants invest heavily in their AI models and computing capabilities. The company recently surpassed Apple to become the world's highest valued company.

Nvidia CEO Jensen Huang gets rock star treatment from India's tech enthusiasts

Economic Times

Economic Times · 10m ago

Nvidia CEO Jensen Huang gets rock star treatment from India's tech enthusiasts

Nvidia's CEO Jensen Huang received a rock star welcome at the AI summit in India, with passes sold out and enthusiasts traveling from across the country to attend. The event showcased Nvidia's plans to supply Indian firms, including Reliance Industries, with its AI chips. The crowd was described as easily a few thousand, causing a delay of over half an hour. Attendees expressed their admiration for Huang, who is highly regarded in India's engineering and AI communities for his contribution to Nvidia's success.

NVIDIA Partners Reliance To Build AI Infrastructure In India

Inc42 · 10m ago

NVIDIA Partners Reliance To Build AI Infrastructure In India

US-based AI chip giant NVIDIA has announced a partnership with Reliance to build AI infrastructure in India. The announcement was made by NVIDIA's founder and CEO Jensen Huang at the AI Summit in Mumbai. Huang highlighted the advantage of India's large population of users in leading the field of artificial intelligence.

Nvidia’s ascent to most valuable company has echoes of dot-com boom

Livemint

Livemint · 1y ago

Nvidia’s ascent to most valuable company has echoes of dot-com boom

Nvidia has become the most valuable listed company in the US due to the demand for its artificial intelligence chips. By providing essential tools in the creation of sophisticated AI systems, Nvidia has witnessed a significant increase in revenue and market valuation. The company's stock has more than tripled in value over the past year, and its CEO, Jensen Huang, has positioned Nvidia as a key player in the AI revolution. However, concerns remain regarding the sustainability of the AI boom and potential regulatory scrutiny on Nvidia's dominant position in the market.

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