Jensen Huang doesn’t care about Sam Altman’s AI hype fears: He thinks OpenAI will be the first ‘multitrillion-dollar hyperscale company’

Core Insights - Nvidia CEO Jensen Huang predicts that OpenAI will become the world's next multitrillion-dollar hyperscale company, despite growing caution in the AI sector from other leaders like Sam Altman and Mark Zuckerberg [1][2][6] - Huang argues that the current skepticism overlooks fundamental changes in the economy driven by accelerated computing and AI, which he believes will not follow traditional boom-and-bust cycles [2][5] AI and Computing Trends - Huang asserts that general-purpose computing is becoming obsolete, with a generational shift towards accelerated computing and AI [3] - He introduces the "three scaling laws" of AI—pretraining, post-training, and inference—which he claims will exponentially increase demand for computing resources [3][5] - Inference, the real-time reasoning process essential for applications like chatbots and recommendation systems, is highlighted as a growing area of demand that will drive continuous processing power needs [5][4] Nvidia's Strategic Moves - Nvidia recently announced a $100 billion investment in OpenAI to support the company's data center expansion, marking a significant example of Nvidia's "circular financing" strategy [6] - This strategy involves Nvidia investing in or lending to customers who subsequently spend billions on Nvidia's GPUs, aligning incentives with key partners [6][7] - Huang views this investment as a smart opportunity to capitalize on OpenAI's rapid scaling, which he believes is unprecedented in history [7]