NVIDIA: The AI ​​market will reach 600 billion U.S. dollars, and AMD “doesn’t it want me to play with you at all?”

The global generative artificial intelligence (AI) application boom continues unabated, and companies are rushing to introduce related applications to speed up efficiency and service improvements. NVIDIA is optimistic about the growth of the AI ​​industry in the next few years. For example, Manuvir Das, vice president of enterprise computing at NVIDIA, spoke at Goldman Sachs It was pointed out at the Communacopia Technology conference organized by Goldman Sachs that the total addressable market (TAM) of AI will reach US$600 billion.

Das said that the US$600 billion includes US$300 billion in chips and systems, US$150 billion in generative AI software, and US$150 billion in Omniverse enterprise software. Das said the estimated amounts represented long-term growth, but he did not specify the point at which this scale would be reached. Wccftech reported and analyzed that considering that the global artificial intelligence industry has not yet reached its peak stage, NVIDIA executives’ estimate of TAM should be within the next 10 years

The overall AI-driven TAM will reach a total scale of US$600 billion, which is related to what NVIDIA calls accelerated computing. Das said it's not just about the chip, it's about the overall stack. Das believes that even after the industry's hype for large-scale AI development, current accelerated computing is still in its early stages of development and there is still a lot of room for growth in the future.

Das pointed out that if you think about traditional computing systems based on CPU computing, the only change that has occurred over the decades is the location, performing calculations in the cloud or on mobile phones, but it is essentially the same computing method. More and more business work is done through computing. This means that more and more computing is needed around the world, which requires more data centers.

NVIDIA’s official forecast shows that according to industry indicators, there will be a trend of rapid growth in the next few years. A typical example is NVIDIA's data center business, whose revenue growth has accelerated significantly since more than a year ago. Data for the second quarter of fiscal year 2024 (2QFY24) ended July 30, 2023, showed that the revenue of the data center business exceeded US$10.3 billion, breaking the US$10 billion mark for the first time. According to the above TAM forecast, this further proves that NVIDIA has formulated plans to expand the artificial intelligence industry market in the future

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