Nvidia CEO: Metaverse could save entrepreneurs hundreds of billions of dollars

Nvidia co-founder and CEO Jen-Hsun Huang, speaking about the future of the metaverse, said that companies are investing in creating a virtual universe because it could ultimately save them from financial turmoil in the real world.

Nvidia CEO: Metaverse could save entrepreneurs hundreds of billions of dollars

On Friday, Huang attended show “Mad Money” on CNBC and said the metaverse, or omniverse as Nvidia calls it, would enable companies to lower costs and improve operational efficiency.

«[Компании] are willing to invest a small amount of money in this artificial intelligence opportunity, and, hopefully, they will be able to save hundreds and hundreds of billions of dollars with it, ”said Jen-Hsun Huang.

Nvidia is the world’s largest manufacturer of video cards and semiconductors for artificial intelligence. The company’s chips play a critical role in the computing devices that will drive the metaverse, so interest in the modern concept is beneficial to Nvidia.

In the third quarter of this year, the company increased its profit year-on-year by 84% to $ 2.46 billion. The semiconductor manufacturer’s revenue was $ 7.1 billion, breaking the record of $ 6.51 set in the second quarter of 2021. Nvidia expects to receive a record revenue in the fourth quarter, which will amount to $ 7.4.

Subscribe to our TG channelto keep abreast of all the news and events!

Source: RB.RU by rb.ru.

*The article has been translated based on the content of RB.RU by rb.ru. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!