Nvidia CEO Jensen Huang emphasized the transformative impact of artificial intelligence at the APEC CEO Summit in South Korea, describing it as a 'success spiral' that is propelling industry growth. Huang noted that advancements in neural networks are attracting increased investments, which in turn enhance AI capabilities and profitability.
Significant investments include $1.375 billion raised by Crusoe for OpenAI's ecosystem and a $40 billion deal for Aligned's data centers. Major tech companies like Meta, Amazon, and Microsoft are set to invest over $300 billion in AI and data centers in 2025. Additionally, South Korea plans to acquire over 260,000 Nvidia GPUs, with Samsung, SK, and Hyundai collaborating on AI infrastructure projects.
Nvidia CEO Jensen Huang Highlights AI 'Success Spiral' at APEC Summit
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