How five top CEOs described the AI ​​boom in 2024

During 2024 CNBC Jim Kramer discussed the seemingly limitless growth of artificial intelligence with dozens of CEOs across the tech world. Here’s how five leading business leaders described the explosive growth of AI this year.

1. Nvidia CEO Jensen Huang said the “development of artificial intelligence computing” is just beginning and will continue for years.

   Juan in March painted picture of the artificial intelligence landscape, saying that investment in the new technology remains in the early stages. He predicted years of growth ahead and suggested that artificial intelligence could drive innovation in a variety of fields, including science and healthcare.

   Nvidia is a titan of the AI ​​revolution as it develops and markets the cutting edge technology required for the technology. The company is a leading provider of GPUs used to develop and implement new artificial intelligence software, such as OpenAI’s ChatGPT. Nvidia products are widely demanded by Big Tech, including customers Meta, Tesla, Microsoft and Amazon spend billions. Shares of Nvidia are now up more than 176% year-to-date and at times this year surpassed an apple to become the most valuable company in the market.

2. CrowdStrike CEO George Kurtz said cybercriminals are on the rise: “It’s going to be the battle of AI in the future.”

   Kurtz in February described how his cybersecurity company is tackling cybercrime, which is “more active than ever” as the ranks of hackers grow and become more advanced with new artificial intelligence technology in their arsenals. He said generative artificial intelligence democratizes “very esoteric techniques and attacks,” so low-skilled cybercriminals can still carry out advanced attacks.

   “What we talked about in the earnings call is the ability to create more adversaries with a lower skill level, but operate at a much higher skill level using generative artificial intelligence,” Kurtz said. “Of course, on the security side, we’re using generative AI to help protect our customers, so it’s going to be an AI battle in the future.”

3. Snowflake CEO Sridhar Ramaswamy said generative artificial intelligence will “keep him busy for years to come.”

   Ramaswami began to reign in Snyazhinka in February, and he described how the data analysis software maker plans to use new artificial intelligence technology.

   “We have so much ambition to do more, whether it’s the program that runs on Snowflake or of course using the power of generative artificial intelligence, which I’ve been focused on for the last year, to democratize access to enterprise data. , so that even more people can get the data quickly to benefit from it,” said Ramaswamy. “So I think there’s a huge opportunity in the world of data applications and artificial intelligence that will keep me busy for years to come.”

   Snowflake is partnering with Nvidia, and in May with Ramaswamy teased a new project with a favorite AI. According to him, Snowflake’s product pipeline, “especially in the field of artificial intelligence, was in overdrive.”

4. AMD CEO Lisa Su described the competition with Nvidia: “There is no one size fits all in computing.”

   Although Nvidia leads the semiconductor development industry, competition is fierce, with companies such as AMD and Intel fighting for customers who are willing to pay the most. But in September, when asked about competition with Nvidia Su offered there is room for more than one major player in the sector. According to her, the “technology ecosystem” works properly when there is competition and partnership, and customers want to be able to choose between several reliable options.

   “The way you think about it, there’s no one-size-fits-all in computing,” Su said. “You know, there’s not just one architecture. In fact, you’re going to need the right compute for each application.”

   Su said she believes that “AI will affect everyone’s life” and that the world is just beginning to understand what the new technology can do. She also said that people should not be impatient about the impact of artificial intelligence because “technology trends should happen over years, not months.”

5. Generic CEO Aaron Jagdfeld, CEO, said the pressure on the power grid is “only going to get worse” due to weather and technology.

   Hunting money warned that pressure on the power grid will only increase as demand for data centers and other AI-related technologies continues to grow. Commercial and industrial products, such as backup for manufacturing plants, distribution centers, hospitals and data centers, account for 40% of the generator’s business, he said.

   “This has become a very critical topic for discussion,” Jagdfeld said. “It’s only going to get worse.”

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Disclaimer The CNBC Investing Club Charitable Foundation owns shares of Nvidia, AMD and CrowdStrike.