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“We want to bring this generative AI capability to every company in the world,” he said in a Bloomberg Television interview in Las Vegas, where Dell is holding a conference. “It’s not about just delivering a box — it’s about delivering an entire infrastructure. It’s an infrastructure that’s insanely complicated.”
Nvidia’s expansion plan hinges on getting agencies and businesses to develop their own AI capabilities, spurring demand for its products. For that, they’ll need the storage, networking and computing supplied by Dell, Huang said. That’s why it’s an essential partner, he said.
By advancing Nvidia’s software tools, computer design, and AI models, the CEO is enabling the company’s technology to be used in a wide range of industries, from shipbuilding to drug development. Michael Dell, who also talked on Bloomberg Television, claimed that Nvidia has thrived because it out-innovated all of its rivals and prepared for the move toward artificial intelligence.
With over 90% gains this year, Nvidia’s stock increased 2.8% to $951.07 in New York trade on Monday. Even though Dell has gained about 90% so far this year, it was down 2.3% at $146.06.
On Wednesday, Nvidia, the third-most-valuable tech company after Apple Inc. and Microsoft, will release its most recent financial results. Sales rose 243% last quarter, according to analyst estimates. The company’s revenue has grown so quickly that Nvidia now makes nearly as much in a quarter as it did annually just two years ago.
Dell, a top maker of personal computers, unveiled a new line of PCs on Monday that are optimized for AI tasks. Nvidia, meanwhile, is the biggest seller of so-called AI accelerators — the processors that are key to development of chatbots and other cutting-edge tools.
