The chief executive of the world’s most valuable company believes that its revenue could soar to trillions of dollars over time.
In a new interview with Lex Fridman, Jensen Huang says Nvidia is facilitating a massive shift across the globe.
Huang says computers, which were used to store and create files, are now being transformed into AI computers that can generate files themselves.
“Computing went from being a file-retrieval system – almost everything is a file. We pre-write something, we pre-record something, we draw something, we put it on the web and we put it in a file. And we use a recommender system, some smart filter, to figure out what to retrieve for you. And so we were a pre-recording, human pre-recording, and file-retrieving system.
That’s what a computer is, largely.
To now, AI computers are contextually aware, which means that it has to process and generate tokens in real time. So we went from a retrieval-based computing system to a generative-based computing system. We’re gonna need a lot more processing in this new world than in the old world. We need a lot of storage in the old world. We need a lot of computation in this new world.”
According to Huang, the shift into the new world will require massive amounts of compute.
“I am absolutely certain that the world’s GDP is going to accelerate in growth. I’m absolutely certain the percentage of that GDP that will be used for computation will be a hundred times more than in the past because it’s no longer a storage unit. It’s a product generation unit.”
Based on his thesis, Huang says the sky is the limit for Nvidia, given that the company is not boxed in an already defined market. He highlights that Nvidia doesn’t need to take market share from anyone.
“I think we’re going to be a lot, lot bigger… Is it possible for Nvidia to be a $3 trillion revenue company in the near future? The answer is, of course, yes. And the reason for that is because it’s not limited by any physical limits…
And the simple way to think about that is, what is it that we make? And how large is the opportunity that we can create?
Now, NVIDIA is not in the market share business. Almost everything that I just talked about doesn’t exist. That’s the hard part. If Nvidia were a $10 billion company trying to take Nvidia’ share, then it’s easy to see for shareholders that, ‘Oh yeah, if they could just take 10% share, they could be this much larger.’ But it’s hard for people to imagine how large we could be because there’s nobody I could take share from.”
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