Nvidia’s $100 Trillion AI Industrial Revolution Prediction
Physical AI, The AI Industrial Revolution, The next Nvidia, Investing in the AI industrial revolution, Semiconductors, Porn on X, Biden crypto veto, AMD, Arm + More Tech
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Crypto Bytes - 1. Pres. Biden vetoed a bill to overturn an SEC policy requiring firms to record customer holdings as liabilities. | 2. State Street is rebuilding its digital assets team, plans to offer crypto custody services.
The Hottest Thing in Tech this Week
Nvidia’s $100 Trillion AI Industrial Revolution Prediction
Nvidia CEO Jensen Huang’s keynote at Computex 2024 in Taiwan outlined the $100 trillion opportunity being unlocked by AI and accelerated computing in what he calls the "next industrial revolution" that will radically transform every industry globally.
Huang outlined how Nvidia's AI platform spanning silicon, software and services puts it in a unique position to capture value as companies and countries build out the AI infrastructure and applications to drive this economic and social revolution.
A series of announcements demonstrate Nvidia's ambition and momentum to maintain its lead in the market in this transition:
Another next-gen AI chip architecture Rubin, due in 2025
A rapid annual update cadence for new AI chip family releases.
"AI factories" optimized for accelerated computing and AI at scale.
Transforming manufacturing with AI and Digital Twins - by partnering to build robotic factories and AI-optimized operations.
The Competition
Nvidia rival AMD also announced new AI chips for data centers and PCs and stated AI is its "number one priority." AMD will adopt an annual update cycle for its advanced accelerators with its next update, the Instinct MI325X, due later this year. AMD's Ryzen processors will also launch in "Copilot+" AI PCs from Microsoft, HP, Lenovo, and Asus.
The CEO of British chip firm Arm aims to capture 50% of the Windows PC market in five years as Microsoft and other hardware partners will also tap Arm’s tech for their upcoming AI PCs. Arm has already seen success from Apple’s use of its designs in its "M Series" processors proving out its approach with its long battery life and rapid performance.
AI is Good for Business
BofA predicts the semiconductor bull run will peak in mid-2026 and will benefit three major industry themes: cloud computing, cars, & complexity. Nvidia led global companies in market cap gains in May, buoyed by strong revenue forecasts that reinforced investor confidence in demand. AMD expects AI chip sales to hit $4B this year, $500M over previous estimates.
While other companies may be taking a share of the PC market, Nvidia is winning the 3D chess game by positioning itself as an integral part of the integration of AI into the physical world with its multi-faceted “Three S” Silicon, Software, services approach and Industrial Revolution ambition. BofA’s other top picks to leverage the coming industrial semiconductor surge include Broadcom, NXP Semiconductors, and KLA Corp.
“The days of millions of GPU data centers are coming.”
— Jensen Huang, Nvidia CEO
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Open Deals:
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Multilingual Messaging Portal - Sydney, AU - Global, AWS-backed SaaS platform for businesses to communicate with clients without language barriers. $300k secured, seeking $650k for U.S. expansion. (Series A)
AI Agent Employees - New York - Sophisticated workflow automation for businesses, by a previously-exited founder. Building towards fully autonomous organizations. Backed by Tribe & Kenetic, rolling out to extensive waitlist.
Outbound B2B Campaign AI Co-Pilot - Lexington, MA - Turn any CRM into an AI optimized sales agent for personalized customer campaigns. Founder previous exit to PE. Notable Angel on board. Top Hubspot App. Post revenue. (Seed)
Trending Tools and Buzzy Tech
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Tech
Digitizing Smell - AI is working to give computers a sense of smell.
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OpenAI - Relaunching robotics team to focus on models over hardware.
Closed Deals:
First Foreign Backer - Leading Chinese AI startup Zhipu AI raised $400M at a $3B valuation. A contribution from Saudi Aramco's venture fund Prosperity7 is the first outside investor to back a major chinese AI firm.
AI Design Concepts - Swiss startup Neural Concept raised a $27M Series B to apply AI to help companies including Airbus, Bosch, & GE etc speed up EV design processes by 75%.
Online Industrial Metals - Atlanta e-commerce marketplace startup Reibus, raised $30M debt & equity from Canaan and Nosara.
Deals to Watch:
Webtoon - LA Online Comics Platform turned profitable in Q1 and grew revenue by 5% with 170M MAU, it revealed in a recent U.S. IPO filing.
Perplexity - The leading AI Search startup is in talks to raise $250M led by Bessemer at $3B post-money, which is 3x higher than its last valuation.
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