半导体行业观察·2025-11-02 02:08Core Insights - Microsoft CEO Satya Nadella highlighted the current limitations in AI GPU deployment due to insufficient space and energy, suggesting a potential "power glut" issue rather than a surplus of computing power [2][3] - Nadella disagreed with NVIDIA CEO Jensen Huang's assertion that there will be no computing power surplus in the next two to three years, emphasizing that the real challenge lies in energy availability [2] - The expansion of computing infrastructure is reaching a new phase where tech giants like Microsoft cannot accommodate more chips in their existing setups, primarily due to the increasing power demands of each new generation of NVIDIA's architecture [2] Group 1 - Nadella stated that the main issue is not a lack of chip supply but rather the inability to integrate these chips into existing systems due to power constraints [2] - The power consumption of NVIDIA's systems is expected to increase significantly, with reports indicating a potential rise of up to 100 times from the Ampere architecture to the upcoming "Kyber" design [2] Group 2 - The industry is facing a bottleneck in energy infrastructure capacity, which is becoming a critical constraint on the deployment of advanced AI chips [3] - Nadella noted that short-term market demand for NVIDIA chips is unpredictable and will depend on supply chain developments and overall energy conditions [3]