Nvidia believes physical AI systems are a $50 trillion market opportunity
1 min read
Summary
CEO of Nvidia Jensen Huang has predicted that the company’s physical AI systems will generate a $50tn market opportunity across factories, transportation and humanoid robots.
Huang forecasted the opportunity during a keynote at Nvidia GTC Paris, and also revealed the company’s automotive business is on track to reach $5bn in 2022.
The comments came as Nvidia announced its full-stack Drive AV software is now in full production, set to be used in Mercedes Benz’s CLA sedan model, and that its Halo safety system has been certified by official bodies.
The company also revealed it would be launching Isaac Sim code as open source, alongside new AI tools and simulation technologies.
Nvidia also plans to collaborate with Novo Nordisk to accelerate drug discovery efforts, whilst Siemens and Nvidia will partner to develop artificial intelligence and digitalisation in factories.
Finally, Nvidia will build a Germany-based industrial AI cloud to be used by European manufacturers.