On Tuesday, Eastern Time, Nvidia At the Global Technology Conference (GTC 2025) in Washington, D.C., CEO Jensen Huang announced a series of new partnerships and attempted to downplay the impact of artificial intelligence. Concerns about an (AI) bubble have been raised, and the company's latest chip is expected to generate $500 billion in revenue.
This is Nvidia's first time holding its GTC conference in the US capital, highlighting the company's leading position in the industry. According to Jensen Huang, they are currently working with Uber. The company is collaborating with companies such as Palantir Technologies Inc. and CrowdStrike Holdings Inc. to promote the integration of artificial intelligence technology into various products. In addition, the company has released a suite that can integrate quantum computers with AI chips. A new system that is connected.
“We have reached a virtuous cycle, and this is a turning point,” Huang told thousands of attendees at a conference center near the White House. “This is remarkable.”
Much of this presentation focused on the impending turning point for the artificial intelligence industry. Huang's view is that AI models are now powerful enough that customers are willing to pay for them. Therefore, this, in turn, justifies the expensive construction of computing infrastructure.
These remarks helped alleviate concerns about an artificial intelligence investment bubble. Nvidia shares rose nearly 5% to a record high of $201.03 by the close of trading on Tuesday.
In an interview after the conference, Jensen Huang said: "I don't think we're in an AI bubble. We're using all sorts of different AI models—we're using a lot of services and we're happy to pay for them."
According to his prediction, Nvidia's latest generation of chips will ship 20 million units, while the previous generation chip, Hopper, only shipped a total of 4 million units throughout its entire lifecycle, and the business will reach $500 billion in the next six quarters. Huang also stated that Blackwell is "fully operational" in Arizona.
In short, Jensen Huang and his colleagues firmly believe that artificial intelligence will fundamentally change the world economy, and that building computers is worthwhile.
Extensive cooperation
Nvidia is currently the world's most valuable company and has benefited the most from the AI investment boom. However, the majority of its revenue still depends on a small group of customers, namely Microsoft. Amazon and data centers owned by Alphabet Inc., such as Google. Operators.
Moreover, with AMD and Broadcom Nvidia faces increasing challenges as companies rapidly enter the market and AI pioneers like OpenAI seek to develop their own chips. This three-day event is part of its efforts to expand its customer base.
Specifically, Huang Renxun announced the following collaborations:
Stellantis has partnered with Uber to expand its fleet of 100,000 self-driving cars powered by Nvidia technology, starting in 2027. As part of this partnership, Stellantis will be one of the first automakers to supply Uber with Nvidia-powered self-driving taxis. According to a statement released by Uber on Tuesday, Stellantis will deliver at least 5,000 of these self-driving taxis for Uber's operations in the U.S. and international markets.
Lucid announced on Tuesday that it is partnering with automaker Lucid Group Inc. to develop an autonomous vehicle platform, utilizing Nvidia's upcoming "Drive AV" platform and multiple sensors. The kit includes cameras, radar, and lidar. (or light detection and sensing, enabling vehicles to better "see" their surroundings).
Nvidia pays Nokia , a Finnish telecommunications company The $1 billion investment will help Nokia shift from mobile networks to artificial intelligence and has driven the company's stock price soar.
Partnering with CrowdStrike to develop "always-on, continuously learning" cybersecurity Artificial intelligence agent. Following the announcement, CrowdStrike's stock price rose.
Palantir and Nvidia have reached an agreement to combine Nvidia's technology with Palantir's Ontology platform. The agreement aims to leverage artificial intelligence to gain new insights into logistics. Nvidia stated that Lowe's... Lowe's Cos. will be one of the first companies to adopt this technology.
With Lilly The companies are collaborating to build the most powerful supercomputer ever owned and operated by a pharmaceutical company. It will rely on more than 1,000 NVIDIA Blackwell AI accelerator chips.
“These announcements demonstrate Nvidia’s ability to expand its business beyond its core data center customers,” said Gil Luria, an analyst at DA Davidson. “While these projects pale in comparison to the capital expenditures of hyperscale data center operators like Microsoft , Amazon , Google, and Meta, they could create new markets for Nvidia in the future.”
(Article source: CLS)
