On Wednesday local time, at the U.S.-Saudi Investment Forum held in Washington, NVIDIA CEO Jensen Huang and Tesla CEO Elon Musk jointly discussed artificial intelligence and technological advancements. Huang refuted concerns about an artificial intelligence bubble, arguing that the current large-scale investments stem from a historic shift in computing methods. He pointed out that Moore's Law has become obsolete, with general-purpose CPUs unable to meet the rapidly growing demand for computation, as the world shifts towards GPU-driven accelerated computing. He illustrated this transformation with the example that six years ago, 90% of the world's top 500 supercomputers were CPU-driven, whereas now less than 15% are. Huang also stated that banks, credit networks, and others spend hundreds of billions of dollars annually on data processing, with recommendation systems relying on GPU algorithms. These fundamental shifts have driven the explosive growth of AI, and the current funding provided for AI is not only justified but also that the remaining funds are far less than imagined.
