NVIDIA CEO Jensen Huang said that in addition to artificial intelligence, it may prove to be the largest chipmaker growth market.
The 62 -year -old CEO also claimed that its own drive cars will be the first main commercial application for this technology.
Opportunity with Multitrilion
“We have many opportunities for growth throughout our society, with AI and robotics, the two largest, which is the opportunity to grow multitrilion,” Huang said on Wednesday at the annual meeting of NVIDIA shareholders in response to the question of the participant.
More than a year ago, NVIDIA changed the way it reported its business units by grouping their cars and robotics into the same line item, CNBC reported.
Nvidia Prodesa Sales of Natra on request
In May, NVIDIA said the automotive industry and robotics had $ 567 million in quarterly sales, which was about 1 % of the company’s total revenue. This particular business unit increased by 72 percent annually.
The sale of NVIDIA has increased over the last three years due to increased demand for graphic units of the company’s or GPU data center, which are used to create and operate sophisticated AI applications such as Openai’s Chatgpt.
Total sales increased from approximately $ 27 billion in their $ 2023 to $ 130.5 billion last year, and according to a press agency, analysts expect almost $ 200 billion this year.
Nvidia is no longer just a “chip company”
While robotics are currently relatively small for NVIDIA, Huang said the applications would require the AI data center chips to train software and other chips installed in cars and robots with their own drive, the press agency said.
Huang emphasized the NVIDIA chips platform and the automobile-powered car software used by Mercedes-Benz. He also said that the company recently released AI models for Humanoid robots called Cosmos.
“We are working on a day with billions of robots, hundreds of millions of autonomous vehicles and hundreds of thousands of robotic factories that can be powered by NVIDIA technology,” Huang said.
Nvidia is increasingly offering additional technology in addition to its AI chips, including software, cloud services and network chips to combine AI accelerators together. Huang said that the NVIDIA brand is evolving over time and that it is better described as a “AI infrastructure” provider or a “computer”.
“We stopped thinking about ourselves as a chip company long ago,” Huang said.
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