NVIDIA Corp (NASDAQ:NVDA) CEO Jensen Huang had praise for billionaire Elon Musk when asked about investing in Xai on Wednesday.
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Investing in Elon Musk
As a leader in the artificial intelligence sector, Nvidia regularly invests in companies in the space. The topic came up during an interview between CNBC and Huang on Wednesday.
“xAI, I’m super excited about the financing opportunity that they’re offering. You know, the only, the only regret I have about xAI, we’re already an investor, and the only regret I have is that I didn’t give him more money,” Huang said of Musk and his AI company.
Huang said Musk asked Nvidia if they wanted to invest in the new round and was “delighted” to be asked.
“You really want to experience almost everything Elon is a part of.”
Huang said the funding is “not necessarily vendor funding,” which is because a report says the funding would be used to buy Nvidia GPUs.
“That’s an investment in a really great future company.”
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Future of AI
Nvidia’s CEO said the transition from CPU to generative AI computing powered by GPUs is “just beginning.”
“That transition is just beginning, so we need to build in half a trillion dollars of capacity infrastructure that is already growing on its own, and we are in the early stages of that work,” Huang said.
Nvidia’s CEO said the new generation includes AI companies OpenAI, anthropic and xAI.
When asked who will pay for the construction, Huang said it could be either companies or consumers.
“You know, a lot of OpenAI customers are consumers, and they pay for it.”
Huang also emphasized that there are general and specialized intelligence companies with room for multiple competitors in the space.
“We are always looking for great startups to invest in. One of my favorites was CoreWeave.”
Similar to his call for wishing he had invested more in xAI, Huang said something similar CoreWeave Inc (NASDAQ:CRWV), which went public earlier this year.
“All of these investments that we’ve made recently, we’ve made some really great investments and for the most part the only thing I regret is that we didn’t invest more.”
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