Introduction

At NVIDIA's 2024 shareholder meeting, CEO Huang Renxun not only shared the company's significant performance growth but also made a bold prophecy: the new wave of artificial intelligence (AI) will drive the automation of heavy industries worth $50 trillion. This statement heralds how AI technology will profoundly impact our future.

NVIDIA's Performance and Compensation Plan

  • At the shareholder meeting, NVIDIA's director nominations and executive compensation plans were both approved.
  • Huang Renxun's compensation increased by 60% in the fiscal year 2024, reaching $34 million, which is closely related to his performance.

The New Wave of AI Technology

Huang Renxun believes that the development of AI technology will bring revolutionary changes to heavy industry. Here are several key points he proposed:

  1. The Integration of Accelerated Computing and AI: NVIDIA's accelerated computing technology bridges the gap between the slowdown in general processing performance growth and the continuous increase in computing demand.
  2. The Birth of Generative AI: After years of investment and development, NVIDIA has driven the birth of generative AI, which is seen as the "time machine" of the new era.
  3. The Rise of AI Factories: Global enterprises and countries are establishing AI factories powered by NVIDIA to produce digital intelligence, creating new revenue opportunities for industries.

NVIDIA's Technological and Market Impact

  • NVIDIA's accelerated computing technology has been widely applied in various industries such as healthcare, automotive, financial services, etc.
  • The company's Blackwell platform, designed to handle generative AI at the scale of trillions of parameters, is expected to become one of the most successful products in history.

Insights from the Q&A Session

During the Q&A session, Huang Renxun shared insights on how NVIDIA maintains a competitive edge, plans for quantum computing, and how the company deals with supply chain challenges.

Conclusion

Huang Renxun's prophecy is not only a prospect for the future development of AI technology but also an affirmation of the role NVIDIA plays in this transformation. With the continuous advancement of AI technology, we have reason to believe that a new era driven by intelligence is on the horizon.

NVIDIA's AI revolution has already begun, are you ready to embrace a future reshaped by digital intelligence?