Nvidia CEO Jensen Huang said demand was huge this year as artificial intelligence models develop further, from answering simple questions to complex reasoning.
“This year, especially the last six months, the demand for computing has increased significantly,” Huang said on CNBC’s “Squawk Box.”
The CEO of the AI chip leader was responding to a question about what investors ask him most. NVIDIA shares were higher in pre-market trading as Huang made his bullish comments.
AI reasoning models use exponential amounts of computing power, but they also see exponential amounts of demand because their results are so good, Huang said.
“AIs are smart enough that everyone wants to use it,” the CEO said. “We now have two exponentials happening at the same time.”
“The demand for Blackwell is really, really high,” he said. “I think we are at the beginning of a new construction, at the beginning of a new industrial revolution.”
NVIDIA announced last month that it will invest $100 billion in the massive construction of the Openai data center. OpenAI plans to build 10 gigawatts of data centers using NVIDIA chips.
The AI industry’s huge plans have raised doubts about whether they can guarantee the power needed to fuel their ambitions. Ten gigawatts is equivalent to the annual electricity consumption of 8 million U.S. households, or the base summer demand of New York City in 2024.
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