NVIDIA on its earnings call today.
“AI workload has transitioned strongly into inference …
Microsoft processed over 100 Trillion tokens in the first quarter, a FIVE FOLD increase on year over year basis!” – Inference demand is exploding!
More gems from the Nvidia earnings call today.
Jensen Huang “ Compared to beginning of the year – compared to GTC timeframe, there are four positive surprises. The first positive surprise is the step function demand increase of reasoning AI. I think it is fairly clear now that AI is going through an exponential growth, and reasoning AI really busted through….. concerns about hallucination or its ability to really solve problems, a lot of people are crossing that barrier and realizing how incredibly effective Agentic AI is .. and reasoning AI is.”
“The second one……it’s really terrific to see… the AI diffusion rule was rescinded. ….. we have to get the American stacks out to the world and have the world build on top of American stacks….The rescinding of it happened at almost precisely the time that the countries around the world are awakening the importance of AI Infrastructure.”
“The third is enterprise AI. Agents work, and these agents are really quite successful. Much more than generative AI, agentic AI is game changing…. agents can understand ambiguous instructions and able to problem solve, use tools and have memory ….enterprise AI is ready to take off.”
“And then lastly, industrial AI. One of the implications of the world reordering…is, regions onshoring manufacturing and building plants everywhere….. And all of these new factories are creating exactly the right time when Omniverse and AI and all the work that we’re doing with robotics is emerging…. Every factory will have an AI factory associated with it. And in order to create these physical AI systems, you really have to train a vast amount of data…. more training, more AI to be created…..”
AICONIC view: AI demand is accelerating rapidly, driving massive opportunities in AI infrastructure and Semiconductor solutions that can address this growth—This is the central investment thesis behind AICONIC Ventures. Exciting times ahead.