in may Nvidia CEO Jensen Huang said that “the next industrial revolution has begun,” and AI will bring “significant productivity gains.” It seems he's right—industry demand for Nvidia's next-generation Blackwell AI chip is at an all-time high.
“Blackwell is in full production, Blackwell is as planned, and the demand for Blackwell is crazy,” Huang told CNBC on Thursday. “Everybody wants to have more, and everybody wants to be first.”
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Nvidia Blackwell first announced in March and claimed it was the world's most powerful AI chip with advanced security capabilities, better performance and more memory. The biggest names in AI, including OpenAI, Microsoft, Meta, Amazon and Google, will use Blackwell to power their AI efforts.
Nvidia CEO Jensen Huang shows off the new Blackwell GPU chip, left, and Hopper GPU chip, right, in March 2024. Photo: David Paul Morris/Bloomberg via Getty Images
“There is currently nothing better than NVIDIA hardware for AI,” Tesla and xAI CEO Elon Musk declared at the time.
Since the initial announcement, Blackwell has struck a chord few bottlenecks in productionleading to delays. Nvidia CFO Colette Kress said in late August that the company has fixed the problem and expects to ship “several billion dollarsThe value of the chip in the fourth quarter of 2024.
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The chip it costs between $30,000 and $40,000 AND received 10 billion dollars to develop.
Huang said Nvidia has updated its platform significantly with Blackwell and intends to continue updating it. Nvidia has increased the performance by two to three times of its own Hopper 2022 chip for its Blackwell chip, which Huang says increases revenue for Nvidia customers by two to three times.
“What we're looking at now is the beginning of the next wave of AI, the biggest wave of AI,” Huang told CNBC. “This is really about companies around the world using AI to be more productive as their digital workers and AI agents and co-pilots and however people describe them, and using AI, Generative AI to revolutionize the way they build their products and the products they build.”
Huang said last month that intense demand for Nvidia's technology and software keeps him awake at night. On Wednesday, Nvidia partnered with Accenture to train 30,000 Accenture employees in Nvidia technology.
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