ENSPIRING.ai: ENSPIRING.org: ENSPIRING.org: Nvidia CEO Jensen Huang - We are at the Beginning of a New Industrial Revolution

In a recent conversation outside the White House, Nvidia CEO Jensen Huang shared insights on the emerging AI industry following a meeting between the Biden administration and top tech leaders. Huang emphasized that AI represents the onset of a new Industrial revolution, necessitating extensive energy and computing resources. He underscored the importance of public-private Collaboration to address the rapid growth, opportunities, and challenges presented by AI.

Huang expressed confidence in the U.S. commitment to staying competitive in the global AI race, particularly against China, and highlighted the crucial role of stable and informed export control policies. While he refrained from endorsing any 2024 election candidates, Huang stressed the need for policy Stability to support business operations. Nvidia remains focused on advancing AI technology with its upcoming Blackwell generation, promising significant performance improvements and cost reductions.

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Study Notes on Key Vocabulary and Common Phrases:

1. Industrial revolution [ɪnˈdʌstriəl rɛvəˈluːʃ(ə)n]

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Original Sentence: "We are at the beginning of a new Industrial revolution."

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Explanation: A period of major industrial change marked by the advancement of technology and new manufacturing processes.

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Sample Sentence: The fourth Industrial revolution is being driven by artificial intelligence and biotechnology.

2. Artificial Intelligence (AI) [ˌɑːtɪˈfɪʃəl ɪnˈtɛlɪdʒəns]

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Original Sentence: "There was a meeting this morning between the Biden administration and top tech leaders on AI."

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Explanation: The simulation of human intelligence by machines, especially by computer systems.

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Sample Sentence: AI is transforming industries by automating complex tasks and analyzing vast amounts of data.

3. Scalable [ˈskeɪləb(ə)l]

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Original Sentence: "And do it in the most efficient and Scalable way we can."

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Explanation: Capable of being easily expanded or upgraded on demand to cope with increased workload.

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Sample Sentence: The company developed a Scalable solution that could handle millions of users.

4. Collaboration [kəˌlæbəˈreɪʃən]

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Original Sentence: "It's going to require public and private Collaboration."

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Explanation: The action of working with someone to produce or create something.

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Sample Sentence: Cross-disciplinary Collaboration between biologists and chemists led to groundbreaking research.

5. Nuance [ˈnjuːɑːns]

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Original Sentence: "This administration understands the Nuance of it."

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Explanation: A subtle or slight variation in meaning, expression, or tone.

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Sample Sentence: The Nuance in her argument was lost on many of the audience members.

6. Resilience [rɪˈzɪlɪəns]

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Original Sentence: "National security, industrial Resilience, supply chain Resilience, all of those matters are really complicated."

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Explanation: The capacity to recover quickly from difficulties; toughness.

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Sample Sentence: The city's Resilience was evident in its rapid recovery following the hurricane.

7. Intellectual capital [ˌɪntɪˈlɛktjʊəl ˈkæpɪt(ə)l]

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Original Sentence: "It benefited from all of the Infrastructure and the support and the amazing Intellectual capital that's in this country."

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Explanation: The knowledge, experience, and skills of an organization's employees.

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Sample Sentence: Investing in Intellectual capital is crucial for innovation and sustained economic growth.

8. Infrastructure [ˈɪnfrəˌstrʌkʧə]

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Original Sentence: "It benefited from all of the Infrastructure and the support..."

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Explanation: The fundamental facilities and systems serving a country, city, or area, such as transportation and communication systems, power plants, and schools.

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Sample Sentence: The new government pledged to improve the nation's deteriorating Infrastructure.

9. Vibrant [ˈvaɪbrənt]

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Original Sentence: "We would like to see, of course, the US industries be as Vibrant as possible."

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Explanation: Full of energy and life.

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Sample Sentence: The Vibrant economy attracted investors from all over the globe.

10. Stability [stəˈbɪlɪti]

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Original Sentence: "One of the things that's really important is... just to have a stable policy."

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Explanation: The state of being stable; firmness in position.

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Sample Sentence: Financial Stability is essential for ensuring the long-term growth of the company.

These vocabulary words and phrases are essential for understanding advanced texts related to current technological and economic discussions, especially in the context of business and policy.

Nvidia CEO Jensen Huang — We are at the beginning of a new Industrial revolution

...is outside the White House and actually caught up today with Jensen Wong just moments ago. Megan?

Hey, Scott. That's exactly right. So we've been here just outside the White House all morning because there was a meeting this morning between the Biden administration and top tech leaders on AI.

We saw Sam Altman of OpenAI. We expected Ruth Porat of Google, Dario Amadei of Anthropic, Brad Smith of Microsoft were all here. And then we caught up with Jensen Huang of Nvidia. As you mentioned, we got to talk with him for a few minutes about the 2024 election, about that meeting, about AI, and his thoughts on all of it. We have the tape here for you. Let's listen in.

What can you tell us about the meeting today?

Well, we're talking about energy, about this new industry called AI, factories, and artificial intelligence. And obviously, we're at the beginning of a new Industrial revolution, and this industry is going to be producing intelligence. And what it takes is energy and, of course, a lot of great computer science and large computing systems that Nvidia makes. So we've got to make sure that everybody understands the needs coming, the opportunities of it, the challenges of it, and do it in the most efficient and Scalable way we can.

Absolutely. Do you see the need for a federal role here in terms of federal investment in combination with private investment?

Well, there's probably going to have to be public-private Collaboration in this area because the rate of growth is really quite high. Although artificial intelligence consumes a lot of energy to train, it also saves a lot of energy when you consume it because, ultimately, it's not about training the model, it's about using the model. And whether it's in healthcare or climate technology or just running the power grid, artificial intelligence has the opportunity to really save a ton of energy. So I think people are grappling with the scale of the opportunity ahead and, of course, the scale of the challenges ahead. And so it's going to require public and private Collaboration.

Do you think the US is doing enough at this point to be competitive with China and other countries?

Well, this administration is determined to do the most and do it the fastest, and that really speaks volumes about the reason why we have this meeting today. So it's really great.

Is there enough money behind it at this point?

Well, if this country doesn't have the money, I don't see anybody else in the world that can possibly take advantage of this incredible new industry. And so, you know, I think people are starting to realize that AI is not just a new computer science. It's a new way of doing software. It's going to, of course, revolutionize the computer industry, but it's going to create a whole new industry that sits on top of it, that produces intelligent skills and produces knowledge. And this industry is going to be quite large. It's going to be, hopefully, the most exciting of the new industries that the world’s ever seen.

Can I ask you a quick question about export controls? Is there any US policy that you would like to see change in order to make sure that you're able to make sales overseas?

Well, export control and national security, industrial Resilience, supply chain Resilience—all of those matters are really complicated, and this administration understands the Nuance of it. And so we would like to see, of course, the US industries be as Vibrant as possible to export American standards all over the world and to have the rest of the world be built on American standards. Of course, national security, incredibly important. And we have to safeguard all of that at the same time. And so this is why policymakers have such a difficult job. They have to balance all of these various requirements and make sure that we have a great policy that somehow balances and keeps all of this up in the air and thriving. And so I think the most important thing for us is just to make sure that we inform the administration on what we know about the technology and the industries that we're cultivating and to 100% make sure we comply with the policies.

Can I ask you one more question on tariffs? With this election, there's a lot of talk about potentially across-the-board tariffs of ten to twenty percent and up to sixty percent on China. Do you have concerns about how that would impact Nvidia's business or concerns about the policy in general?

Well, I'm not very informed on most of that stuff. I think our company, of course, serves industries globally, and we're one of the few companies in the world that serves every single AI company in the world. And we're in healthcare and logistics and transportation and retail and e-tail. I mean, the number of industries that we serve is really quite large. And so, you know, obviously all of these matters are complicated and require nuanced thinking from the administration. So I trust that they're going to make great decisions.

The number one thing we tend to hear from business leaders is on Stability, especially when it comes to this election. Do you have thoughts on supporting one candidate over the other, especially when it comes to keeping a calm, stable business environment?

Well, you know, one of the things that's really important is, and this affects us in export control, is just to have a stable policy. Of course, policies have to adapt to the changing environment. And in our world, the changing environment is literally real-time. And so I appreciate the challenges it has on the administration. And meanwhile, we have to simultaneously seek and strive for American technologies to be the safest choice, to be the best choice. And we want the rest of the world's industries to be built on top of our industry. And so Stability matters. And of course, we have to continue to be the best, which American companies know how to do. To the extent that we have Stability, I think it's going to be great.

What about on taxes? There's obviously very different positions between these two candidates on either raising the corporate tax rate to 28% or cutting it to as low as 15% on the other side. Any preferences there or any thoughts on sort of how that would impact Nvidia?

Well, you know, whatever the tax rates are, we're supportive. It's as simple as that. I think this company was built in America. It benefited from all of the Infrastructure and the support and the amazing Intellectual capital that's in this country. And so to the extent that we can pay back through taxes, we're delighted to do it. Absolutely.

So no endorsements at this time?

We're focused on building our company, building our technology, and supporting whatever administration is here. Absolutely.

Anything you can tell us about what's next for Nvidia?

Well, you know, we're in the process of starting the production of our new generation called Blackwell. Every single generation, we try to increase the performance tremendously. And when we introduce a new generation and the performance is three to four times higher, we're essentially reducing the cost of computing and reducing the cost of artificial intelligence by the same factor. And so each generation reduces energy consumption, increases performance, reduces cost. And so we're in a hurry to get to Blackwell. We're in full volume production of Blackwell, and every company in the world is chomping at the bit for us to ship it to them.

Hey, Scott. So you heard it all there. A lot of details to sift through on policy. He spoke about the need for public-private cooperation when it comes to building out AI. He didn’t want to make commitments when it comes to the 2024 election but said they would support whatever corporate tax policy was out there. He spoke about the need for Stability, especially when it comes to export controls, wanting to see Stability with whatever administration comes next. So I'll let you guys sift through it, but a lot there from Jensen Huang.

Artificial Intelligence, Technology, Economics, Nvidia, Public-Private Collaboration, US-China Relations

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