Nvidia
CEO Jensen Huang says demand for artificial intelligence chips continues to boom.
AI is a “rebirth of the industry,” he told reporters in Taiwan on Thursday, emphasizing the nation’s major role in the effort, along with that of partner
Taiwan Semiconductor Manufacturing,
also known as TSMC. “Last year was the beginning. This year is going to be a huge year.”
Nvidia
shares were up 0.6% to $617 in mid-day trading Thursday. The stock is up 219% over the last 12 months.
Huang said Nvidia and its suppliers are doing their best to make more chips. “The single greatest challenge in AI, of course, is scaling the capacity of AI. We are very severely supply constrained,” he said. “The demand is very strong. We’re working very hard—TSMC, all of our supply chain partners here, are working very hard to keep up with the demand.”
Nvidia currently dominates the market for chips used for AI applications. Start-ups and larger corporations prefer the company’s products because of its robust programming platform, CUDA, which provides AI-related tools that make it easier to develop AI projects.
The company’s graphics processing units are well suited for the parallel computations needed to train AI models and serve customers.
Write to Tae Kim at [email protected]
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