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Lanon Wee

Nvidia CEO Jensen Huang Predicts AI to be Near Human-Level Competency in 5 Years

Nvidia CEO Jensen Huang declared at the New York Times DealBook summit on Wednesday that in a span of five years, artificial intelligence will be close to equal with humans. He believes that versatile AI tools that can be customized for different purposes, from chip design to drug discovery to radiology, will become mainstream. The popularity of Nvidia's AI chips is remarkable, which is seen through its tripling of revenue in the company's third quarter of the fiscal year. At The New York Times' annual DealBook summit, Nvidia CEO Jensen Huang said Wednesday that artificial intelligence is gaining on humans and that, if AGI (artificial general intelligence) is defined as a computer that can complete tests in a "fairly competitive" way to human intelligence, then within the next five years, "you're going to see, obviously, AIs that can achieve those tests." The demand for high-powered GPUs, which Nvidia's business is heavily reliant on, is growing rapidly; revenue in Nvidia's fiscal third quarter tripled, while net income climbed to $9.24 billion from $680 million a year earlier. Huang also recalled delivering "the world's first AI supercomputer" to OpenAI after Elon Musk, one of the project's co-founders before departing it in 2018, expressed interest in it; Huang commented that he hoped the recent chaos surrounding the ousting and re-instatement of OpenAI's CEO Sam Altman had settled. Huang predicted that competition in the AI space will lead to the emergence of off-the-shelf AI tools that companies of different industries will apply to their needs, from chip design and software creation to drug discovery and radiology. Asked to rank the success of various AI companies, Huang jokingly declined, saying "I'm not going to rank my friends." He added that the tech industry is still years away from AGI due to machines' inability to perform multistep reasoning. However, Huang commented that the rate of progress is high, and that the technology is moving forward quickly. Be sure to check out these CNBC PRO stories:The S&P 500 has started to create a 'cup and handle' pattern. Here's how to monitor for a potential breakoutBank of America believes the S&P 500 could reach 5,000 in 2021 and predicts a 'stock picker's dream'Morgan Stanley is optimistic about this advancing AI trend — and designates 6 shares to take advantage of itThese are Wall Street's most beloved Warren Buffett stocks

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