Nvidia CEO: AI Market Demand Remains Strong, Dismisses Bubble Fears

Jakarta (ANTARA) - Nvidia Corp. CEO Jensen Huang has affirmed that investment in artificial intelligence (AI) is a long-term business strategy driven by high market demand.

Huang’s statement also dispelled concerns that massive investment competition could trigger a collapse in the technology sector.

“We are still very far from an AI bubble,” said the head of the United States-based AI chip maker to reporters in Tokyo on Wednesday (15 July), adding that “current demand is extraordinarily strong.”

According to Huang, building the technology’s infrastructure will take at least another decade.

The Nvidia CEO’s visit to Tokyo was understood to be for a number of corporate engagements.

Regarding Japan’s potential in developing physical AI—technology that enables robots and other devices to operate autonomously—Huang assessed that this is the right momentum for the country.

This is based on Japan’s historically outstanding track record in precision manufacturing and large-scale manufacturing.

He also added that AI technology could help Japan tackle its severe labour crisis.

“Through automation, AI, and robotics, you can strengthen the existing workforce and boost national productivity,” Huang said.

The Japanese government is currently actively promoting the development of domestic AI as part of efforts to safeguard national security and protect data.

On this matter, Huang stressed the importance of technological sovereignty, stating that a nation’s intelligence must be nurtured, enhanced, and developed within the country itself.

He revealed that Nvidia is preparing to make several important announcements regarding sovereign AI this week.

Source: Kyodo