Nvidia CEO expects AI revenue to grow from 'tiny, tiny, tiny' to 'quite large' in the next 12 months

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Nvidia Corp. CEO Jensen Huang anticipates that revenue from its AI platforms will grow significantly over the next 12 months.

Nvidia Corp. founder and Chief Executive Jensen Huang anticipates that revenue from artificial-intelligence platforms will grow significantly in the next 12 months, as businesses climb on board with AI or get left behind.

Twelve months from now, however, Huang said he expects revenue from generative AI to be “quite large, exactly how large it’s hard to say.” The previous day, Huang has hinted to analysts that AI and its infrastructure-as-a-service offering is “going to expand our business model,” Huang said.Several companies are hopping on board the AI train with Nvidia hardware at the center. Adobe Inc. ADBE launched its AI “co-pilot” product named Firefly on Tuesday, while Alphabet Inc.

One of the biggest challenges hyperscalers face is trying to achieve carbon neutrality as the demand for server power surges as the AI market develops.

 

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