What does the future hold for Nvidia?

Jensen Huang getting carried away about an emerging technology is nothing new. This time last year, the charismatic and excitable co-founder and CEO of chip design giant Nvidia was telling anyone who'd listen about the potential of the metaverse (or the Omniverse, as Nvidia's marketing department prefers to call it). Since then, the metaverse bubble has suffered a slow puncture, and Huang is back to evangelising about one of his favourite topics: artificial intelligence. Describing the growth in power of generative AI systems like GPT-4 – the model that powers OpenAI's tools such as ChatGPT – as a "new era of computing", Huang told investors on his company's most recent earnings call that AI was at an "inflection point", stating that businesses have "an urgency to develop and deploy new AI strategies". However, Huang added that he believes many companies face "an insurmountable obstacle" in getting access to the resources and skills needed to make AI work, which is why, he says, Nvidia is getting into the services business.