Nvidia CEO Calls for US Dominance in AI to Avoid Bifurcated Market

In a recent update, Nvidia CEO Jensen Huang has emphasized the need for the United States to maintain its leading role in the field of artificial intelligence (AI). Huang has been vocal about this issue since the Biden administration took office, cautioning that the US cannot abdicate its position in this critical technology.

Specifically, Huang highlighted the $50 billion total addressable market for AI, which he believes could grow by 50% next year. He stressed the importance of the US having a strong presence in this market, warning of the potential for a bifurcated AI landscape, similar to the bifurcated internet seen between the US and China. Huang's view is that it would be better for the US to dominate the AI market, allowing everyone to choose the US-led AI ecosystem.

Aside from the China-related discussion, the article also touched on Nvidia's data center segment. While there were some concerns about a potential miss in this area, Huang dismissed the notion, stating that the overall performance was still very strong, even without the contribution from China. In fact, Nvidia disclosed that its H100 and H200 revenues grew sequentially in the quarter, indicating that its Hopper architecture performed better than expected, offsetting any potential weakness in the Blackwell product line.

Furthermore, Nvidia has set a new target of $20 billion in sovereign AI revenue for this year, which is double the $10 billion target it had previously set for 2022. This suggests that the company is making significant strides in the AI market and is well-positioned to capitalize on the growing demand for these technologies.