By Mauro Orru
Nvidia Chief Executive Officer Jensen Huang said artificial intelligence is already bringing economic benefits across sectors and that the technology needs more investments, brushing aside fears that hefty spending commitments could lead to an AI bubble.
Speaking at the World Economic Forum in Davos, Switzerland, Huang described AI as a five-layer cake consisting of energy, chips, cloud infrastructure, models and application.
He said AI's application--how the technology is used in a specific industry--is the most critical layer of that cake as it is where the economic benefits lie. Sectors like energy or semiconductors--both key to developing and harnessing the technology--are already growing thanks to AI.
"We need more energy," Huang said Wednesday as he called for higher investments to further spread the technology across developed and emerging economies.
Write to Mauro Orru at mauro.orru@wsj.com
(END) Dow Jones Newswires
01-21-26 0650ET
