Nvidia’s CEO, Jensen Huang, recently expressed that the development of artificial general intelligence (AGI), which enables machines to think and learn independently, may be just around the corner. AGI has long been a goal for AI researchers, and Huang believes it could be achieved even sooner than expected.
During the New York Times DealBook Summit, when asked if AGI could be a reality within 10 years, Huang confidently responded, “Depending on how you define it, I think the answer is yes.” According to him, within the next five years, we might witness AIs that surpass human-like intelligence by successfully completing a series of tests designed to measure basic intelligence.
Nvidia, widely renowned for its domination in the AI chip market, has been at the forefront of this technological revolution. With its specialized graphics processing units designed for parallel computations essential in training AI models, Nvidia has emerged as the primary beneficiary of the AI trend. In its latest quarter, Nvidia reported a remarkable 206% increase in revenue compared to the previous year, surpassing expectations set by Wall Street.
Huang also addressed concerns regarding the United States’ reliance on Asia for chip supplies. Officials have recognized the need for greater access to reliable semiconductor factories to ensure the uninterrupted functioning of military systems and the economy. With Taiwan’s near-monopoly on advanced chip manufacturing, policymakers worry about potential national security risks in case of escalating tensions with China.
According to Huang, achieving supply chain independence will be an arduous task. Nonetheless, he remains optimistic and believes that within a decade or two, substantial progress can be made towards reducing dependence on Asian suppliers. Huang emphasized the importance of pursuing this objective despite the challenges involved.
Amidst these discussions on the future of AI and supply chain independence, Nvidia’s stock rose by 0.5% to $480.80, while the Nasdaq Composite saw a 0.2% increase on Wednesday morning.
