finance economics

JPMorgan Chase's profits in the third quarter declined due to $3.11 billion in provisions for bad debts offsetting the income from its investment banking sector

Jensen Huang stated that future artificial intelligence will have the ability to reason and think, but to achieve this, it is essential to reduce computational costs first

2024/10/10

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Nvidia's CEO Jensen Huang stated in a podcast hosted by Arm's CEO Rene Haas that future AI will have the ability to "reason," but first, we must reduce computation costs.

Huang explained that the next generation of tools will be able to respond to hundreds or thousands of steps to arrive at conclusions, enabling future software to possess reasoning capabilities, unlike current systems such as OpenAI's ChatGPT. He shared that he uses ChatGPT daily.

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To reach this advancement, Nvidia plans to upgrade chip performance two to three times a year while maintaining the same costs and energy consumption. This upgrade will transform the way AI systems handle reasoning, allowing them to identify patterns and draw conclusions.

He also mentioned, "We can significantly lower the operational costs for AI, and we all understand how valuable that is. If we can significantly reduce costs, we can enable deeper reasoning during inference."

Nvidia currently holds over 90% of the market share in the AI accelerator chip market and is also involved in selling computers, software, AI models, and networking services, aiming to encourage more businesses to adopt AI technology.

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