Nvidia Corp’s (NASDAQ:NVDA) CEO Jensen Huang, emphasized the importance of every country developing its artificial intelligence (AI) infrastructure to harness economic benefits and preserve cultural integrity during his speech at the World Government Summit in Dubai.
Huang highlighted that relying on external entities for AI development could be detrimental.
With Nvidia’s valuation soaring to $1.73 trillion, thanks to its leading position in the high-end AI chip market, Huang credits the company’s effort to making AI access more democratic through significant advancements in AI computing efficiency.
He encouraged countries to take the initiative in building their AI capabilities swiftly, Reuters reports. The stock is trading higher Monday premarket.
Huang also addressed the common fears associated with AI, arguing that they are exaggerated. He drew parallels with how new technologies and industries, like automobiles and aviation, have been successfully regulated in the past.
Huang criticized the ...