Short excerpt from a talk by NVIDIA CEO Jensen Huang arguing that AI and generative-intelligent systems dramatically expand the market size for technology companies—potentially into the trillions—using analogies (chips per car vs. always-on autonomous chauffeur) to show how AI-enabled services enlarge value beyond one-time hardware sales.
Chapters
I was told a long time ago that Nvidia can never be larger than a billion dollars. Obviously it's an under imagination of the size of the opportunity. This is the extraordinary thing about technology. Right now we're in the manufacturing of intelligence. We're in the manufacturing of work and the world of tasks doing work, productive, generative AI work, generative intelligent work. That market size is enormous. It's measured in trillions. One way to think about that is if you built a chip for a car, how many cars are there and how many chips would they consume? That's one way to think about that. However, if you build a system that whenever needed assisted in the driving of the car, what's the value of a autonomous chauffeur? Every now and then, obviously the problem becomes much larger, the opportunity becomes larger. Don't be surprised if technology companies become much larger in the future because what you produce is something very different.