Jensen Huang Says Both Open and Closed AI Models Will Succeed
Nvidia CEO Jensen Huang addressed concerns that the rise of open-source artificial intelligence models could hurt Nvidia's business. During a second-quarter earnings call, he argued that both closed and open models are experiencing rapid adoption and driving demand for Nvidia’s computing infrastructure. Huang emphasized that nearly all open AI models run on NVIDIA hardware due to its extensive ecosystem, including CUDA software. He also highlighted the company's ability to support AI across various platforms such as PCs, data centers, robots, and edge devices. Huang noted that successful AI model development—regardless of being closed or open—is beneficial for Nvidia. Nvidia reported second-quarter revenue of $96.22 billion, a 106% increase year-over-year, with third-quarter guidance projected between $105.84 billion and $110.16 billion.
Tickers: $NVDA
Topics: AI closed models Nvidia strategy open models