Shulou(Shulou.com)11/24 Report--

CTOnews.com, January 29, one of the biggest winners of ChatGPT's soaring popularity is Nvidia CEO Huang Renxun. According to the Bloomberg Billionaires Index, Huang Renxun's wealth this year climbed 33% to $18.4 billion (currently about 124.568 billion yuan), in sharp contrast to last year, when his wealth decline was one of the biggest among American technology giants.

Nvidia, which initially focused on creating computer chips and GPU, has become a leader in powering artificial intelligence applications, from self-driving cars to robots to cryptocurrency mining.

CTOnews.com learned that Christopher Rolland, a senior analyst at Susquehanna Investment Group, said: "ChatGPT is a bit like starting an arms race, and Nvidia is far ahead."

Citigroup estimated last week that rapid growth in ChatGPT usage could boost Nvidia's sales to between $3 billion and $11 billion within 12 months.

At an event in Stockholm this week, Nvidia said artificial intelligence would pose challenges to society and regulators, and that while the new technology offered a lot of hope, it also had "some potential hazards".

After peaking at more than $800 billion at the end of 2021, Nvidia's market capitalization fell last year as sales of its game chips fell sharply, PC sales generally slowed and its shares tumbled 50 per cent. The company's shares have jumped more than 35% since the beginning of 2023, reflecting investors' enthusiasm for the potential of chatbots.

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