Nations building their own AI models add to Nvidia’s growing chip demand

Nations building artificial intelligence models in their own languages are turning to Nvidia’s chips, adding to already booming demand as generative AI takes center stage for businesses and governments, a senior executive said on Wednesday.

Nvidia’s third-quarter forecast for rising sales of its chips that power AI technology such as OpenAI’s ChatGPT failed to meet investors’ towering expectations. But the company described new customers coming from around the world, including governments that are now seeking their own AI models and the hardware to support them.