Nvidia CEO Jensen Huang has expressed strong support for Elon Musk’s AI startup xAI. In a recent CNBC interview Huang revealed that his only regret was not investing more in the venture. He further confirmed that Nvidia is already an investor on xAI, but he wished that the company had backed it more aggressively. “xAI, I’m super excited about the financing opportunity they’re doing,” Huang said. “The only regret I have is I didn’t give him more money.”Along with this, Huang also praised Elon Musk’s for his track record of building transformative companies such as SpaceX and Tesla. “Almost everything that Elon is part of, you really want to be part of as well,” said Huang. He also clarified that Nvidia’s investment in xAI is not ‘vendor financing’, despite reports suggesting the funds may be used to purchase Nvidia GPUs. Instead as per Huang it is a strategic bet on a “really great future company.”
The future of AI is just beginning
Huang also spoke about the broader AI landscape, nothing that the transition from CPU-based computing to GPU-powered generative AI is still in its early stages. He also calculated that the industry is heading in the direction of multi-trillion-dollar infrastructure buildout, with companies and customers both contributing to growth. Huang also named ChatGPT creator OpenAI, Anthropic, and xAI as part of this new wave of AI firms that are working on reshaping computing. He also stressed on the fact that Nvidia is always scouting for promising startups. Huang mentioned that CoreWeave is another company in which he wish he has invested more. “All of these investments that we’ve made recently, we’ve made some really terrific investments and largely, my only regret is that we didn’t invest more.”
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