Is This Nvidia's iPhone Moment?
This year will likely go down in history as the year artificial intelligence (AI) came of age. AI exploded onto the scene with the debut of ChatGPT, which seemed to mark a paradigm shift for generative AI, which can generate original content. Not only can these next-gen systems engage in human-like conversations, but they can also leverage large amounts of data to create music and illustrations, summarize content, and even write computer code.
In a February speech at the Haas School of Business, Nvidia (NASDAQ: NVDA) CEO Jensen Huang made a startling pronouncement in which he declared that the introduction of ChatGPT was the "iPhone moment" of AI. At the time, many viewed the remark as hyperbole.
In the ensuing months, however, the adoption of AI has accelerated, and the speed at which businesses have embraced the technology makes Huang's declaration seem prophetic. And Nvidia is well-positioned to reap the rewards of this ongoing shift.
Source Fool.com
