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NVIDIA CORPORATION

(NVDA)
  Report
Delayed Nasdaq  -  04:00:00 2023-01-27 pm EST
203.65 USD   +2.84%
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Nvidia CEO says AI will need regulation, social norms

01/24/2023 | 05:24pm EST
FILE PHOTO: Jensen Huang, CEO of Nvidia, shows the Drive Pegasus robotaxi AI computer at his keynote address at CES in Las Vegas

STOCKHOLM (Reuters) - Nvidia Corp Chief Executive Officer Jensen Huang on Tuesday said that the burgeoning field of artificial intelligence will create powerful tools that require legal regulation and social norms that have yet to be worked out.

Huang is one of the most prominent figures in artificial intelligence because Nvidia's chips are widely used in the field, including in a supercomputer that Microsoft Corp built for startup OpenAI, in which Microsoft said Monday it was making a multibillion-dollar investment.

Huang was speaking at an event in Stockholm, where officials said Tuesday they were upgrading Sweden's fastest supercomputer using tools from Nvidia to, among other things, develop what is known as a large language model that will be fluent in Swedish.

"Remember, if you take a step back and think about all of the things in life that are either convenient, enabling or wonderful for society, it also has probably some potential harm," Huang said.

Lawmakers such as Ted Lieu, a Democratic from California in the U.S. House of Representatives, have called for the creation of a U.S. federal agency that would regulate AI. In an opinion piece in the New York Times on Monday, Lieu argued that systems such as facial recognition used by law enforcement agencies possibly can misidentify innocent people from minority groups.

Huang said engineering standards bodies would need to establish standards for building safe AI systems, similar to how medical bodies set rules for the safe practice of medicine. But he also said laws and social norms would play a key role for AI.

"What is the social norm for using it? What the legal norms (are) for using it have to be developed," Huang said. "Everything is evolving right now. The fact that we're all talking about it puts us in a much better place to eventually end up at a good place."

(Reporting by Supantha Mukherjee in Stockholm; writing by Stephen Nellis in San Francisco; editing by Stephen Coates)

By Supantha Mukherjee


ę Reuters 2023
Stocks mentioned in the article
ChangeLast1st jan.
MICROSOFT CORPORATION 0.06% 248.16 Delayed Quote.3.41%
NVIDIA CORPORATION 2.84% 203.65 Delayed Quote.35.50%
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Financials (USD)
Sales 2023 26 944 M - -
Net income 2023 4 243 M - -
Net cash 2023 3 937 M - -
P/E ratio 2023 119x
Yield 2023 0,08%
Capitalization 487 B 487 B -
EV / Sales 2023 17,9x
EV / Sales 2024 16,4x
Nbr of Employees 22 473
Free-Float 95,9%
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Mean consensus OUTPERFORM
Number of Analysts 44
Last Close Price 198,02 $
Average target price 206,41 $
Spread / Average Target 4,24%
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Managers and Directors
Jen Hsun Huang President, Chief Executive Officer & Director
Colette M. Kress Chief Financial Officer & Executive Vice President
William James Dally Chief Scientist & Senior Vice President-Research
Tony Tamasi Senior Vice President-Content & Technology
Debora Shoquist Executive Vice President-Operations
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