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Nvidia reported this week that its earnings for the fourth quarter ended January 29 were $6.05 billion, down 21% from a year ago. But Jensen Huang, CEO of Nvidia, said that generative AI is expected to create a significant opportunity that will accelerate later this year.
Nvidia’s stock price rose on the opportunity, and Huang noted how generative AI will be front and center at its GTC event the week of March 20. (I will moderate a panel on the enterprise metaverse at Nvidia’s GTC event on March 22).
VentureBeat’s Sharon Goldman wrote a long piece on how Nvidia dominated the AI market. Goldman said that “the 2023 AI hype explosion, as large language models like ChatGPT and DALL-E 2 have launched generative AI into the public’s consciousness in a way not seen, perhaps, since the dawn of the iPhone in 2007.”
I spoke with Huang this week and he said that the combination of user-generated content and generative AI will help create content for the metaverse at an even faster pace than previously expected. We talk about that and other gaming trends in our talk. I also asked him if he has a shot at landing Nvidia chips in a future Nintendo game console.
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Here’s an edited transcript of our interview.
GamesBeat: Generative AI is having its moment. You’ve been talking about this for a relatively short time. What’s convinced you that it’s more important?
Jensen Huang: Of course, ChatGPT has been here for just a short time, about three months.
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