Nvidia CEO warns: This is what is stopping the AI revolution
Nvidia CEO Jensen Huang warns that the AI revolution is facing a shortage of available capital. According to him, demand for services from "neo-cloud" companies is unprecedented, but they are struggling to raise financing for growth. Huang expressed optimism that the temporary problem will be resolved.
Nvidia CEO Jensen Huang warns that the artificial intelligence revolution is encountering a shortage of available capital. In a conversation with CNBC at a conference in Berlin, Huang said that demand for services from "neo-cloud" companies – next-generation cloud providers – is unprecedented, but they are struggling to raise the necessary funds to meet it. According to him, the problem is not technological or business-related, but financial: "What's missing in the middle is the working capital to fuel growth." The companies need capital to purchase expensive equipment, such as Nvidia chips, but the amount of money available for investments is smaller than required. Huang expressed optimism that the temporary situation will be resolved and the market will adjust itself.
Nvidia CEO warns: This is what is stopping the AI revolution