Artificial intelligence has been a dominant theme for investors during 2023, as data centers have installed the equipment and software needed to support corporate clients that are rolling out their own AI technology. But when Microsoft Corp.
MSFT,
-1.43%
CEO Satya Nadella and Nvidia Corp.
NVDA,
-2.68%
CEO Jensen Huang spoke together at Microsoft’s Ignite 2023 conference on Nov. 16, they agreed that industrial companies will benefit massively from AI over the long term.
Looking beyond the current build-out of data centers’ AI capability that has fueled a tripling of Nvidia’s share price this year, four money managers discussed how investors should think about the coming industrial-AI wave.Nadella, Huang and industrial AI When asked by Nadella about the “arc … of AI innovation going forward,” Huang called generative AI “the most significant platform transition in computing history. It’s bigger than PC, it’s bigger than mobile, it’s going to be bigger than internet,” he said. Huang described three “TAM expansions,” with TAM standing for the total addressable market for computing services:
The first wave includes startups, such as OpenAI, which made its ChatGPT function available to the public a year ago. This wave also includes the creation of what Huang calls “AI factories,” which are data centers dedicated t …
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MSFT,
-1.43%
CEO Satya Nadella and Nvidia Corp.
NVDA,
-2.68%
CEO Jensen Huang spoke together at Microsoft’s Ignite 2023 conference on Nov. 16, they agreed that industrial companies will benefit massively from AI over the long term.
Looking beyond the current build-out of data centers’ AI capability that has fueled a tripling of Nvidia’s share price this year, four money managers discussed how investors should think about the coming industrial-AI wave.Nadella, Huang and industrial AI When asked by Nadella about the “arc … of AI innovation going forward,” Huang called generative AI “the most significant platform transition in computing history. It’s bigger than PC, it’s bigger than mobile, it’s going to be bigger than internet,” he said. Huang described three “TAM expansions,” with TAM standing for the total addressable market for computing services:
The first wave includes startups, such as OpenAI, which made its ChatGPT function available to the public a year ago. This wave also includes the creation of what Huang calls “AI factories,” which are data centers dedicated t …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]