Nvidia CEO: AI makes 2023 the “perfect year for graduation”

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Nvidia’s market cap nearly $1 trillion this week – leaving people like Meta, TeslaAnd Berkshire Hathaway in the dust – after the California-based chipmaker reported a stronger-than-expected quarter and forecast Revenue comes in at $11 billion for the upcoming quarter, more than 50% ahead of analysts’ expectations. Huang described “incredible orders” when data centers wanted to become AI-enabled.

On Saturday in Taipei, in a keynote speech At National Taiwan University’s opening ceremony, Huang said he too benefited from good timing. After spending part of his childhood in Taiwan, he graduated from Oregon State University in 1984 when the debut of the Apple The Macintosh helped start a revolution in personal computing.

1984 was a “perfect year to graduate,” he said, “and I expect 2023 will be the same.”

In 2023, he continued, graduates will enter the workforce, just as AI “has reinvented computing from the ground up.” This is the rebirth of the computer industry in every way.”

“AI has opened up immense possibilities,” the billionaire CEO continued. “Agile companies will take advantage of AI and strengthen their position,” while companies that don’t will perish. Graduates need to “take advantage of AI and do amazing things with an AI co-pilot by their side,” he added.

AI will “create new jobs that didn’t exist before,” such as prompt engineering, AI factory operations, and AI safety engineers, he said. He acknowledged some jobs would be lost to automation, but added that people are worried about that lose their job to AIthey could actually lose it to someone more knowledgeable about AI

Huang urged the graduates to “have the humility to face failure and admit a mistake,” telling them that they would “endure pain and suffering.” He described “humiliating and embarrassing” failures he suffered in the early days of Nvidia. Nvidia, for example, eventually realized that its “technically bad” architecture was the “wrong strategy” but had already won a deal with Sega to help develop a new games console using that architecture.

“We had to stop, but I needed Sega to pay us in full or Nvidia would be broke. “I was embarrassed to ask,” he explained, but to his astonishment, Sega’s CEO agreed, giving Nvidia “six months to survive.”

Nvidia survived and emerged as a major player first in the gaming industry and now in artificial intelligence.

With the AI ​​era approaching, Huang urged graduates to “run after it like we did. Run, don’t walk.”