Nvidia CEO Jensen Huang interview with Bloomberg N

Nvidia CEO Jensen Huang interview with Bloomberg News after 3rd quarter earnings call (Link below). $NVIDIA(NVDA.US) #Semiconductors

-Question (Q) on Blackwell sales:

Jensen: “I said, sales are off the charts for Blackwell, and Nvidia GPUs in the Cloud are sold out. We’ve got plenty of Blackwells to sell you. We have lots of Blackwells coming. We’re making a lot of Blackwells, and we have a bunch of Vera Rubins coming, and so business is very, very strong. …So, sales are off the charts, Nvidia GPUs in the Cloud is sold out, but we’ve got a bunch of Blackwells to sell.”

-Vera Rubin roll out (next generation AI chip (GPU).

Jensen: “Vera Rubin, 7 different chips, are back in our labs. And the bring up is happening across engineering teams. Probably a couple of 20,000 people are bringing up Vera Rubin from silicon, to systems, to software, to algorithms, people are working around the clock. And this bring up is going beautifully. We’re on track to deliver Vera Rubin about Q3 time frame of next year, continuing our once-a-year cycle.”

-Rack scale architecture for Vera Rubin the same as Grace Blackwell

Jensen: “The same rack scale architecture is going to be used for Vera Rubin and so the supply chain is all used to it, this complexity that we enjoyed with Grace Blackwell transition, we’re now incredibly smooth running, and so I think Vera Rubin is gonna be just really smooth and we’re going to ramp it really hard.”

-Q on China sales:

Jensen: “Our forecast for China is zero…We would love the opportunity to be able to re-engage the Chinese market with the excellent products that we deliver and to be able to compete globally. The Chinese market is very large. This year, my guess is about $50 billion. …We’re going to continue to engage the US government, continue to engage the China government to advise them and to encourage them to allow us to go back and compete in the open market. Until then, we should assume zero.”

-Q on Nvidia GPU diversion to China (against US export regulations).

Jensen: “Of course, over the years people have speculated about diversion – we’ve chased down every single concern and we’ve repeatedly tested and sampled data centers around the world and found no diversion, and so this is an area that we’ll continue to be rigorous on and there’s a lot of different ways to comply and one of them, of course, is to have it be run by an American cloud, another way is just to make sure we have measures put in place, whether technology or processes to ensure that no diversion happens.”

-Q on the challenge of energy shortages

Jensen: “When you’re growing at the rate and scale of Nvidia…everything’s a challenge, which is why Nvidia has to be world class at our supply chain…working downstream with energy providers, power generator companies, all of the land, power and shell providers, so that we could make sure that as we deploy into the market place, land, power and shell will be ready for us.”

“Our customer base, our network of partners is so large, that we will find nooks and crannies of power, large scale, medium scale, small scale, in different parts of the world. And so, this is a huge advantage of ours.”

-Q regarding billions of dollars of commitments - “How do you know OpenAI is good for it, that they’ll be able to find the money?”

Jensen: “Well, we’re thoughtful, along with OpenAI, thoughtful in aligning on, and taking into consideration visibility of demand and their financing capabilities. All of that has to be in accordance, has to be aligned, has be coherent, before we start to build out. And so, I think the ambition’s large, but the execution is disciplined, and that’s really, really important to recognize.

We’re very disciplined with our investment, we’re disciplined with our build-out, these are very large-scale investments, and so the two teams are quite disciplined, very disciplined in thinking through the investment levels.

Now, it’s also important to take a step back and realize, that OpenAI, Anthropic, these are the fastest growing companies in the history of humanity. Their offtake, their end-market demand is absolutely real and absolutely incredible. And you could see that they’re really struggling to keep up with the demand that they have – the engineering teams, we work incredibly hard to make sure that we bring them on more capacity, but also optimizing their stack so that the usage of whatever capacity is as efficient as possible, and meanwhile there’s so many new use cases that they want to put out into the world and it’s currently limited by the capacity they have. And so this is a really important time. You’re seeing an exponential growth in the amount of compute demand necessary for AI. You’re seeing an exponential growth in adoption and use of AI, and the number of applications that are gonna be using these AI is also growing. And so we’ve got to do our best to support the scaling out of two of the most consequential companies in history and we’re delighted to be partnered with them.

Link:

Source: Dan Nystedt