In remarks made at the World Economic Forum in Davos, Switzerland, the CEO of American company NVIDIA stated that the field of artificial intelligence still needs trillions of dollars to develop its infrastructure.
“We must build infrastructure costing trillions of dollars,” he said, referring to power plants, cloud computing centers, and even electronic components.
He pointed out that the development of generative artificial intelligence “has launched the largest infrastructure project in human history. And today we are at the level of hundreds of billions of dollars.”
It is worth noting that NVIDIA, whose chips are indispensable for the majority of AI developers, reached an unprecedented market valuation exceeding five trillion dollars in October, but has since lost more than 600 billion.
Warning of an AI Bubble Burst
Other companies in the sector, such as the developer of the ChatGPT chatbot, have attracted large investments in recent years, prompting some analysts to warn of an artificial intelligence bubble burst.
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The CEO has consistently refuted this hypothesis, and on Wednesday he reiterated his position, saying, “The AI bubble… exists because the investments are large. And these investments are large because we need to build the necessary infrastructure for all layers of AI. And the opportunity is truly fantastic in my view.”
In response to a question about the potential implications of AI for eliminating some jobs, he said that investments in infrastructure create new opportunities in some fields, stressing that this “will provide many job opportunities.”
As for the CEO of Microsoft, who spoke yesterday in Davos, he said for his part, “For it not to turn into a bubble, by definition, the returns must be distributed more fairly.”
He affirmed, “I am convinced that it is a technology… that will benefit economic growth all over the world, and not just economic growth driven by investments.”
World Economic Forum
The World Economic Forum is an international non-governmental organization founded in 1971 by German economist Klaus Schwab, originally named the European Management Forum. It is best known for its annual meeting in Davos, Switzerland, which brings together global political and business leaders to discuss major economic and social issues. The organization’s mission is to improve the state of the world by engaging leaders to shape global, regional, and industry agendas.
Davos
Davos is a Swiss Alpine town in the canton of Graubünden, historically known as a health resort and for its development as a premier destination for winter sports. It is now most famous for hosting the annual World Economic Forum meeting, where global political and business leaders gather to discuss major international issues.
Switzerland
Switzerland is a landlocked European country known for its long history of neutrality, which dates back to the Congress of Vienna in 1815. It is famous for its Alpine landscapes, political stability, and its unique system of direct democracy and federalism.
NVIDIA
NVIDIA is an American technology company founded in 1993, renowned for pioneering the graphics processing unit (GPU). While not a physical cultural site, its products have become central to modern computing, powering everything from video games and professional graphics to artificial intelligence and scientific research.
ChatGPT
ChatGPT is an AI language model developed by OpenAI, first released in November 2022 as part of the GPT-3.5 series. It is built on a transformer architecture trained on vast datasets, designed to generate human-like text and assist with a wide range of conversational tasks.
Human
“Human” refers to the collective identity and cultural achievements of the species *Homo sapiens*. Our history spans over 300,000 years, originating in Africa and characterized by the development of complex societies, languages, and technologies. As a cultural concept, it encompasses the shared experiences, artistic expressions, and diverse civilizations created across the globe.
Microsoft
Microsoft is an American multinational technology company founded by Bill Gates and Paul Allen in 1975, originally known for developing and selling the MS-DOS operating system. It grew to dominate the personal computer market with its Windows operating system and Office suite, becoming one of the world’s most valuable companies and a major force in software, cloud computing, and consumer electronics.
Anthropic
Anthropic is an American artificial intelligence safety and research company founded in 2021 by former members of OpenAI. It is best known for developing Claude, a family of large language models, with a core focus on building reliable, interpretable, and steerable AI systems.
