Nvidia CEO pitches robotics, cars as growth areas to consumer-electronics audience
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Subscribe to enjoy similar stories. Nvidia chief Jensen Huang held forth at a consumer-electronics showcase in Nevada on Monday, touting his inroads in AI agents, self-driving cars and robotics on a day when his company’s valuation reached its highest level. Taking the stage at the annual CES conference in Las Vegas, Huang showed “physical AI" tools that he said would help robots learn using simulated environments that closely mimic the real world.
That could bring more automation to warehouses and factories and boost a humanoid-robot market that the company said could be worth $38 billion in the next couple of decades. “The ChatGPT moment for general robotics is just around the corner," he said, flanked by a lineup of more than a dozen humanoid robots. He was referencing the explosion of interest in AI following the release of OpenAI’s chatbot more than two years ago.
In the address, which followed a trading session that sent Nvidia’s value to $3.66 trillion, Huang also highlighted how the company was fast making inroads in the auto industry. He said Nvidia reached a deal to provide driver-assistance chips and software for future Toyota vehicles, adding to a list of automotive partners that include Mercedes and Volvo. He forecast the company’s automotive revenue at $5 billion in its next fiscal year, which begins late this month, up from about $4 billion this year.
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