- Nvidia’s AI processors are in high demand.
- Nvidia’s CEO said we’ll keep technology safe.
- Nvidia faces challenges due to US export restrictions on China.
In an era where debates over the morality of AI development are common, the creator of the top AI chip manufacturer in the world claims he doesn’t care.
“I have every confidence that between all of our colleagues around the world, we will invent technologies, philosophies, methodologies, practices, monitors, regulations, design practices, to keep technology safe,” founder, President and CEO of Nvidia Jensen Huang told the media.
His remarks coincide with a month after the founder of OpenAI, an artificial intelligence (AI) company, was fired by the board and later reinstated in response to public outcry.
The controversy surrounding the company, which runs the massive language model ChatGPT, brought attention to how commercial competition is influencing AI system development and the rate at which technology is advancing.
Leading investor Microsoft, however, refuted claims that a safety dispute was to blame.
In actuality, 10,000 Nvidia graphics processing units (GPUs) arranged in a cluster on a Microsoft supercomputer were used to train ChatGPT.
Nvidia’s share price has more than tripled due to the demand for its AI processors, positioning the company as one of the most valuable in the world.
The company became the latest addition to the exclusive group of businesses with stock market valuations of more over $1 trillion (£822bn) in May, joining industry titans Apple, Amazon, Alphabet, and Microsoft.
However, the corporation is not the only one pursuing the AI chip market; Huawei, a Chinese telecom giant, has stated that artificial intelligence would play a key role in its strategy. Meng Wanzhou, the company’s CFO, stated that the company aims to provide people a “second option” in the globe.
Mr. Huang, however, asserts that he is unfazed by this competition and that it is beneficial to the development of technology.
“It allows us to do our best work and make contributions to society,” said the chips founder, who is estimated to have a net worth of $41.6bn, according to a magazine.
More than 90% of China’s $7 billion (£8.8 billion) AI chip industry is controlled by the chip designer, and Mr. Huang admitted that traditionally, 20% of its revenue has come from the country.
However, Nvidia said in its November earnings report that it anticipates a decline in sales by year’s end due to US export curbs meant to impede China’s progress in the area.
According to the US, the actions were taken to stop China from obtaining cutting-edge technologies that it may employ to bolster its armed forces, particularly in the area of artificial intelligence.
According to Mr. Huang, Nvidia is closely collaborating with the US government to ensure that chips intended for the Chinese market adhere to all applicable regulations.
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