00:00Good morning, everyone. It is my real pleasure to introduce Jensen Wong, who is somebody I admire.
00:22The AI bubble comes about because the investments are large. And the investments are large because we have to build the infrastructure necessary for all of the layers of AI above it. And so I think the opportunity is really quite extraordinary. And everybody ought to get involved. Everybody ought to get engaged. We need more energy. I think that we all recognize that.
00:49We need more land power and shell. We need more trade skill workers.
00:59Oh, boy. OK. Watching it from the sidelines, you know, they're going to feel left out. And we want to invest in infrastructure. Right.
01:06This is the largest infrastructure build out in human history. That's going to that's going to create a lot of jobs. And it's wonderful that that the jobs are related to tradecraft.
01:18And we're going to have plumbers and electricians and construction and steel workers and network network technicians and people who who install and fit out the equipment.
01:34And all of these jobs. And all of these jobs we're going to in the United States, we're seeing quite a significant boom in this area.
01:43Salaries have gone up, nearly doubled.
01:47Electricians, but we probably need less analysts at financial institutions learning about technology and AI.
01:55My only regret was at the IPO. After the IPO, I wanted to.
02:02And so one good test on the AI bubble is to recognize that NVIDIA has now has now millions of NVIDIA GPUs in the cloud.
02:10We're in every cloud. You know, we're used everywhere.
02:13And if you try to rent an NVIDIA GPU these days, it's so incredibly hard.
02:18And the spot price of GPU rentals is going up, not just the latest generation, but two generation old GPUs.
02:26The spot price of rentals are going up. And the reason for that is because the number of AI companies that are being created,
02:32the number of companies shifting their R&D budget.
02:35So, which is really important today, having that leadership from the heart and the soul.
Comentarios