According to theSouth KoreaThe Times reported on July 19 that at the 47th KCCI Jeju Forum on Friday, South Korea's SK GroupChairman Choi Tae-won, president of the Korea Chamber of Commerce, gave a new perspective on AI.
Choi Tae-won warned that NVIDIA could lose its dominant position within a few years if the AI tech industry fails to secure sufficient profitability.
Choi Tae-won draws an analogy between the recent AI boom and the gold rush in 19th century America.NVIDIA is expected to stay on top for at least the next 3 years, just as picks and jeans for mining were hot sellers at the time. However, when there is no more gold, pickaxes won't sell.
“If it doesn't make money, the AI boom may disappear, just as the gold rush disappeared. "
Choi Tae-won also pointed out that Microsoft, Google and Amazon are all producing their own chips and may stop using NVIDIA's products after weighing the pros and cons. "NVIDIA's business model could collapse if AMD, Arm and NVIDIA's other competitors sell high-quality chips at lower prices. "
It's worth noting that Choi traveled to the United States a few weeks ago to meet with the heads of Amazon, Intel, Microsoft, and OpenAI. In April, he also met with NVIDIA CEO Jen-Hsun Huang.
With the AI boom sweeping the world, NVIDIA's stock price is also climbing, as of the IT home article, NVIDIA's total market value of 2.9 trillion U.S. dollars (currently about 21.11 trillion yuan).
