Loading summary
Transcript44 lines
- [00:00]
Indiana University Narrator
Indiana University is shaping the future of healthcare. Advancing discoveries that become treatments for Alzheimer's, obesity, cancer and rare diseases. And training the providers trusted to deliver them from the lab to the clinic. IU powers medical breakthroughs and the talent behind them. See how IU solves what's next iu Edu Impact.
- [00:25]
Ed Ludlow
Bloomberg Audio Studios Podcasts Radio news so we did talk about air there with Kate a little bit in a broader conversation. It is a very big theme for us on this Tuesday. This says we are seeing shares of Nokia ADR soaring on news today. On the news that Nvidia plans to make a $1 billion equity investment in Nokia. It's an apparent vindication of the Finnish company's pivot from mobile networking kit into artificial intelligence by the sector's kingmaker. We've got all the details and Nvidia.
- [00:58]
Jensen Huang
Nvidia CEO Jensen Huang, he's the co.
- [01:00]
Justin Hotard
Founder, co founder, President, CEO of Nvidia. He's sitting down right now with Justin Hotard, president and CEO of Nokia, along.
- [01:06]
Jensen Huang
With Bloomberg Tech co host Ed Ludlow. Take it away, Ed.
- [01:12]
Justin Hotard
Thank you team. Gents, I'll start with you, if I may. I want to try and understand something you mentioned very briefly, which is the strategic importance of not just the equity stake, but the partnership on technology and not just for Nvidia, but for America. Why are you moving into this domain?
- [01:28]
Jensen Huang
One, we announced a brand new platform for a new market we've never been in. And so that's number one. Number two, if we take advantage of this transition from general purpose computing to accelerated computing, from old types of software to AI, we can take advantage of this transition of AI and 6G for America to win back telecommunications again. It's been a long time since the American telecommunication network has been built on American technology.
- [01:57]
Justin Hotard
You use the word national security.
- [01:58]
Jensen Huang
I believe for national security reasons, for economic reasons, our industry should be built on American technology. And for the very first time we can do that. We have a brand new product line that takes advantage of computing, accelerated computing and AI. And we have a great partner to.
- [02:12]
Justin Hotard
Help us do it.
- [02:12]
With Nokia, the market reaction kind of speaks for itself. There was a time when Nokia was already looking to America. You've been in the role since April, but may I start by asking you what role the administration played in bringing you both together, if this is indeed a strategic priority?
- [02:29]
Well, I don't think there was anything specific that the administration did other than they've created the environment to support innovation. I mean, Jensen's talked about manufacturing, but it's Also about R and D and innovation and technology leadership. And if you think about where this world is going and all those incredible devices are going to be built on Nvidia platforms, robotics, autonomous vehicles, you know, augmented reality, virtual reality. We need a different kind of network in the future. And that's what we realized and that's why we wanted to forge this partnership so that we're building a network, leveraging AI for AI services. And that's really the big change here.
- [03:06]
The technology is flowing both ways. I mean, what is it that you will be able to do with Nokia Jensen, that you weren't able to do on your own?
- [03:13]
Jensen Huang
Well, first of all, Nokia is in all of the world's base stations, and this airscale platform of Nokia is in millions of base stations around the world. If our computers are not inside that base station, doesn't help. It's no different than Nvidia's tech computing platforms. Not inside a car, it doesn't help. And so the first thing is we need a partner to get us into the world's space stations. We also remember we're bringing AI to radio networks, AI to ram, so that we can make wireless tech communications a lot more efficient. Second, we're bringing AI for the radio, meaning on top of these radio networks and these telecommunication network, we're going to be able to provide AI services, which is going to be able to make it easier for us to do robotics and autonomous vehicles and industrial automation and reach all of the different places around the world that's kind of hard to do with. WI fi, cellular reads everything. And so we now have this fabric that we can deploy AI computing services on top of. It's going to be completely revolutionary in.
- [04:13]
Justin Hotard
Your world and in your market. Huawei is an influential player not just in Europe, I think also about the Middle east and Africa. How important is the relationship with Nvidia to be able to counter what Huawei does in those markets?
- [04:29]
Yeah, look, I think for us, one of the principles I've had with my team since coming in has been do what we can do that no one else can do, and that is air scale. What we do with any RAN software, the software that runs on it that we're going to be putting on on the Nvidia ARC platform that do what we can do well and partner with the best everywhere else. And this is a, this is a clear opportunity to partner with the best. And by the way, that's where America and the Western world succeeds, because we don't necessarily have one company doing everything like Huawei. We succeed because we partner aggressively. And if you watch GTT today, it was hard to not find it obvious that you're partnering with everybody. But that's, that's the advantage is this partnership. So we do what we do best, we let Nvidia do what they do best, and ultimately our customers win. And ultimately for America, I think America will win because there'll be more innovation faster here.
- [05:21]
Jensen Huang
Nobody knows telecommunications better than Nokia. They've been at it for a long time. They're all over the world. And between our two partnerships, we now have wireless telecommunications, we have AI, and we have accelerated computing, all in this partnership. And so all of that capability is going to be brought to bear for the next generation of 6G. And I think the capabilities we bring together in this partnership is quite unique and formidable. And formidable.
- [05:49]
Justin Hotard
Why was it important, Jensen, that Nvidia ends up with almost 3% of Nokia? What was the rationale behind that?
- [05:55]
Jensen Huang
The work that we're doing is so intensive and quite frankly, I was so optimistic about it and so excited about it, and that we wanted to invest in Nokia so that we could be part, you know, of this incredible success that we're creating together. And I got to tell you that that move was pretty genius, wouldn't you say?
- [06:11]
Justin Hotard
That's not for me to comment on. What I'd observe is, you know, 25% jump in the ADRs. What does that signal to you? You know, Nvidia, with respect, Jensen, I've known to be about speed. Is it that they're giving you a technology that you wouldn't otherwise have, or have you now a way of just moving faster?
- [06:28]
Yeah, it's both. I mean, there's obviously, you know, there's no way we're going to have Nvidia's technology and accelerated computing. I mean, the CUDA software stack, all of the capabilities, even the fundamentals of what's in aerial, the software stack that that Nvidia has built is an accelerator for us. And then it's about speed because now we can innovate much faster. And for us, it's that shift into adding value in software and thinking more like a software company. And really not like a software company, like an application company that's going to use AI and AI models to continue to innovate and move faster. And I think the market recognizes that this is the kind of innovation that this industry has needed. Look, this industry has a history 3G. We were building better voice networks when the Internet was getting started. You know, 4G, 5G. We were building data networks behind where the market was. And today 5G, when you look at it globally, is still only partially deployed. So as you look ahead, in order to innovate, you've got to move much faster. And we need to enable our customers to have different and better technology with.
- [07:28]
Jensen Huang
This partnership all of a sudden. Speaking of speed, we're in Blackwell today. It's going to go to Rubin, it's going to go Feynman, and it's going to go on a clip that basically is at the speed of light.
- [07:37]
Justin Hotard
I've got to ask you to clarify something, Jensen. You showed a slide behind you. $500 billion over what I think illustrated six financial quarters. But 20 million black.
- [07:48]
Jensen Huang
Five financial quarters.
- [07:49]
Justin Hotard
Five financial quarters. Does that figure include networking? We know it doesn't include China because it seemed to be technically above consensus. Right. But you seem to be suggesting that there is near term actually an acceleration beyond what you were expecting.
- [08:04]
Jensen Huang
All of that was only data center. Just, that's the amazing thing. All of that is only data center. Today we announced several new platforms. The Nvidia Drive Hyperion platform, our ARC platform, our quantum platform. None of that is included in that. Half a trillion dollars.
- [08:19]
Justin Hotard
No networking.
- [08:20]
Jensen Huang
No networking whatsoever. Well, that's data center. So networking. Nvidia networking for data centers, but not wireless networking, not wireless telecommunications.
- [08:28]
Justin Hotard
When do we see a real world manifestation of the work that you're both going to do together?
- [08:32]
Yep, there's, there's work going already. You can see a demo actually at the booth here in gtc. You can. You'll also see customer trials early next year. And then we, we think in full commercial production and in 27. And you know, the great thing about the partnership with Jensen is I know he'll be pushing me to go faster, which. And I'll be pushing his team to go faster. And together that means that we can get to market as soon as, as soon as practical for our customers.
- [08:55]
Jensen Huang
ARC is backwards compatible with Airscale.
- [08:58]
Justin Hotard
Right.
- [08:58]
Jensen Huang
And all of those millions of base stations could be upgraded to 6G and AI.
- [09:02]
Justin Hotard
There's a lot of skepticism on 6G though, right? Like we're agreeing standards. Just a simple yes or no question, really. Is the 6G timeline accelerated because of this partnership?
- [09:12]
I think it is. Because what you can actually do now is, you know, exactly to what Jensen said. You can, you can deploy with arc and then if something happens or the standard evolves or, you know, or there's, there's changes, this, it'll just be a software model update that we deploy in applications, it's a completely different model than what we're used to back in the days of deploying these complex, integrated legacy appliances. It's general purpose, accelerated computing. And that's why we think it's so compelling.
- [09:37]
Jensen Huang
If the standards change, you got to go fix a chip. If the standards change here, Justin and I just upgrade the software, the CUDA software. That's the amazing thing.
- [09:44]
Justin Hotard
Jensen, you are traveling onwards now to Asia. I don't know what your schedule is for the, the jet, and I don't know if you and the President will be at the same place at the same time. He seemed to think you would be. But the main point is, is that you're here in Washington, D.C. we're a few blocks from the White House. You called it the Super Bowl. Others called it that too. But everyone is inferring from this that this was about all of the themes we talked about all year, that you want to be closely aligned with this administration. And while in Asia, that there is something that the President needs to work on in the context of China trade negotiations, whether you get to meet him or not. What is it that you need the President to do for Nvidia to accelerate on its plans?
- [10:25]
Jensen Huang
We need the President to do what's right for America. And I'm certain he's going to go do that. The reason why we're here is because technology is now so important in politics and geopolitics. It is the single most important industry in America. It is our national treasure. And it's important for us to make sure that Washington D.C. and the policymakers and all of the people who serve our country to make it great, understands the technology as it stands today and where we're going to go and the companies that matter to us so that we can make America great. And so that was the primary reason as we. Well, first of all, whenever there's an opportunity to see the President, I always love that he's incredibly engaging. He always learning and he wants to help America win. He wants America to win.
- [11:12]
Justin Hotard
This is my final question. I was trying to interpret what you were saying. It was a detailed presentation, but you talked about how AI is now worth paying for. You talked about the end, or not of Moore's Law, depending on your point of view, but the need to scale to meet demand. Was that you saying we are not in an AI bubble?
- [11:33]
Jensen Huang
I don't believe we're in an AI bubble. And the reason for that is we're going through a natural transition from an old computing model based on general purpose computing to accelerated computing. We also know that AI has now become good enough because of reasoning capability, research capabilities, its ability to think. It's now generating tokens and now generating intelligence that's worth paying for to the point where I'm paying lots of it. Cursor is all over Nvidia. Every single one of our engineers use it. We pay lots and lots of money for it and we're delighted to do it. And cursor is just one of the applications, you know, what is it? 11 tech, I forget. But anyways, all of these different AI models that we're using, we're using plenty of services and happily doing it.
- [12:23]
Justin Hotard
Justin hotard, the Nokia CEO Jensen Huang, Nvidia CEO and our host here in Washington D.C. thank you both very much. Back to you.
- [12:33]
Ed Ludlow
That of course was Bloomberg, co host of B Tech Ed Ludlow there at the GTC and video event in Washington D.C. along with the CEO of Nvidia, Jensen Huang. And of course also there with the CEO of Nvidia.
- [12:48]
Indiana University Narrator
The Indiana University is shaping the future of health care. Advancing discoveries that become treatments for Alzheimer's, obesity, cancer and other rare and complex diseases. And training the next generation of providers, doctors and nurses trusted to address health challenges with skill, compassion and purpose. From the lab to the clinic, from research teams to patient care, IU talent is driving medical innovation, improving health outcomes and strengthening communities. See how IU solves what's next IU EDU impact this podcast is brought to.
- [13:24]
FedEx Advertiser
You by FedEx the new power Move hey, you know those people in your office who are always pulling old school corporate power moves? Like the guy who weaponizes eye contact. He's confident, he's engaged, he's often creepy. It's an old school power move. But this alpha dog laser gaze won't keep your supply chain moving across borders. The real power move? Having a smart platform that keeps up with the changing trade landscape. That's why smart businesses partner with FedEx and use the power of digital intelligence to navigate around supply chain issues before they happen. Set your sights on something that will actually improve your business. FedEx the new power Move.