Nvidia CEO expects AI to bring ‘golden opportunity’ to Taiwan

Applications of AI


TAIPEI, May 27 (CNA) Jensen Huang, founder and CEO of NVIDIA, an American graphics processing unit (GPU) design company, said Saturday that artificial intelligence will bring Taiwan to He said he expects it to create “golden opportunities” for the industry.

Speaking at a commencement ceremony at the National Taiwan University (NTU) in Taipei recently, Huang suggested that NVIDIA would ride the wave of the booming AI technology, saying that since every layer of computing has already been invented, AI will be far ahead of its time. said to be basic.

“AI will create new jobs that didn’t exist before, such as data engineering, prompt engineering, AI factory operations, AI safety engineers,” he told NTU graduates.

AI is fundamentally reinventing computing in every way, Huang likened it to the revival of the computer industry, which creates a “golden opportunity” for Taiwanese companies.

Citing an acceleration in AI applications, Nvidia on Wednesday forecast revenue to reach US$11 billion this quarter, up 64% year-on-year and beating early market expectations of US$7.2 billion. caught many market analysts off guard.

Also, on the back of AI technology development, the American GPU designer posted a net profit of over US$2 billion and sales of over US$7 billion in the first quarter, both exceeding Wall Street expectations.

Nvidia’s shares rose another 2.54% on Friday after its shares rose 24.4% in the U.S. market on Thursday on optimism about AI applications.

Nvidia’s positive assessment of AI has also prompted investors to buy shares in Taiwan Semiconductor Manufacturing (TSMC), the world’s largest contract chip maker. TSMC is considered the only supplier that can provide chips that meet American customer demand. Unparalleled advanced process for pure wafer foundry operators in Taiwan.

As a result, the company’s shares surged 7.81% on Thursday and Friday, boosting the Taiex index, a weighted index of the Taiwan Stock Exchange, by 2.14%.

Market analysts expect AI applications to offset the impact of the current downturn in the home appliance business, which is facing destocking.

In 1984, when Huang graduated from Oregon State University, there were no flat screens, no cable TV, no cell phones, he said.

But IBM’s PC and Apple’s Macintosh kicked off the computer revolution and put people in a much more complicated world, he added.

Against the backdrop of this technological evolution, “we are now permanently connected and immersed in a digital world parallel to the real world,” Huang said, noting that cars are starting to drive themselves.

“Forty years after the computer industry gave birth to the home PC, we invented artificial intelligence,” Huang said. “AI software has opened the door for computers to automate tasks in the world’s largest multi-trillion dollar industries such as healthcare, financial services, transportation and manufacturing.”

“AI has presented immense opportunities,” he added.

Huang encouraged NTU graduates to study AI technology. “You have to learn how to harness AI and do great things with an AI co-pilot by your side.”

Huang also urged people to stay humble enough to learn the tough lessons ahead and not be afraid to admit their mistakes and ask for help.

He said 2023 graduates will be at the starting line of AI development and will revolutionize every industry in the same way he graduated from the PC and chip era nearly 40 years ago.

“Whatever it is, run after it like we did. Run, don’t walk,” Ms. Huang said. “Remember, you are either running for food or running away from being food, and often you don’t know which. , run away.”

Huang will deliver the opening keynote at Computex 2023, one of the world’s largest computer trade fairs, in Taipei on Monday.

About 1,000 exhibitors and 3,000 booths are expected to participate in this year’s event, according to the Taiwan External Trade Development Council (TAITRA), a government-sponsored industry group that co-organizes the high-tech exhibition with the Taipei Computer Association.

At Nvidia’s annual GPU technology conference in March 2023, Huang announced new products and partnerships, which TAITRA said are expected to accelerate the adoption of generative AI.

The conference also saw the launch of NVIDIA’s computational lithography library, cuLitho, which will help semiconductor pure-manufacturing wafer foundry operators such as TSMC roll out next-generation chips, TAITRA added.

(Jung Jung-bong, Francis Hwang)

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