“For the very first time there’s a whole new computer market that is going to be in every single country”
This is what Nvidia CEO Jensen Huang said about the way the race for technological sovereignty is set to boost Nvidia by driving the growth of the global tech sector in countries outside of the U.S.
Huang said a global push for technological sovereignty will lead to the growth of entirely new markets, as countries worldwide seek to build up their own tech industries to ensure they are able to make use of generative artificial intelligence (AI).
“The recognition of the importance of sovereign AI capabilities is now quite global,” Huang said in an interview with Bloomberg. “In the last 12 months, you have seen India, Japan, France, Canada now, South East Asia, Singapore, speak up about the importance of investing in sovereign AI capabilities.”
The tech CEO, who co-founded the artificial intelligence hardware and software company Nvidia
NVDA
in 1993, said this push for AI sovereignty could see the U.S. lose its dominance over the global tech industry, as he argued government’s worldwide will use public funds to support the build out of the infrastructure needed to use AI.
“The vast majority of the computing market has been the U.S and to a much smaller degree China,“ Huang said. “For the very first time, because of generative AI, computer technology is going to impact literally every single industry and every single country.”
“You’re going to see countries around the world continue to use public clouds, but also build regional data centers as well as publicly supported infrastructure, so that each one of the countries could be able to cultivate and advance its own industries,” Huang said.
“You’re seeing great adoption in healthcare, great adoption in logistics, in transportation of course, in manufacturing, the heavy industries… the markets are going to be quite large and global,” Huang said.
Huang explained that government’s across the globe are now becoming increasingly aware of the potential held in their own stores of national data, as he argued Nvidia is well placed to give those countries the means and expertise to make use of that data.
“It’s become abundantly clear to each one of the countries that their natural resource, which is the data of the country, should be refined to produce intelligence for their country,” Huang said.
“That capability of refining the data of their country and turning it into their artificial intelligence is now possible in quite a democratized way, almost every country should be able to do it for themselves,” Huang said.
“What’s needed is the technology and knowhow of standing up AI infrastructure, and that’s where we could be quite helpful to various regions.”
The Nvidia CEO, however, said the tech company will continue to comply with U.S. rules that currently restrict its abilities to export to China. “We’re an American company and we have to comply with American policies,” Huang said.
This story originally appeared on Marketwatch
