Nvidia’s Jensen Huang Predicts AI Factories Will Revolutionize Industry – NVIDIA (NASDAQ:NVDA) ‘Godfather Of GPU’ Nvidia’s Jensen Huang Predicts AI Factories Will Revolutionize Industry – NVIDIA (NASDAQ:NVDA)

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By Ronald Tech

Jensen Huang, famously known as the “Godfather of GPU,” envisions a future where “AI factories” will dominate the world, permeating every industry, company, and region.

What Happened: Nvidia Corp. (NASDAQ: NVDA) CEO Huang expressed unmitigated enthusiasm for the swift embrace of AI applications and accelerated computing, as his company boasts a commanding 70% market share of AI chips globally. Notably, Nvidia is forging the path with its development of what it dubs the “operating system of AI,” a venture that Huang believes could grow into a “very significant” business after the company’s software services segment achieved a $1 billion annualized revenue run rate during the fourth quarter.

Moreover, Nvidia reported fourth-quarter revenue of $22.1 billion, surpassing Street expectations of $20.62 billion, according to data from Benzinga Pro.

Huang’s vision of AI factories goes beyond abstraction. He contends that Nvidia’s AI chips have birthed an entirely new industry that transmutes raw data into immensely valuable tokens through AI supercomputers. These tokens materialize in the form of output produced by AI chatbots like OpenAI’s ChatGPT and Midjourney, which ordinary end users interact with.

Elaborating further, Huang explained, “All of these tokens are generated in a very specialized type of data center. And this data center we call AI supercomputers and AI generation factories.”

Why It Matters: Huang’s assertion underscores the arrival of AI factories, heralding an entirely new industry fueled by data. With Nvidia’s dominant 70% share in the AI chips sector, the Huang-led company is strategically positioned to propel the next industrial revolution globally.

Parallel to this, Huang has been advocating for “Sovereign AI,” urging nations to invest in and develop their own AI to reclaim ownership of their data.

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NVDA Price Action: Nvidia stock closed at $735.94, marking a remarkable 9.07% surge in the last 24 hours, within a 52-week range of $204 to $746, as per data from Benzinga Pro.