In the latest interview, Huang Renxun revealed the next plan, which is to fully mass produce Blackwell. He stated that the new generation of Blackwell will greatly improve performance, reduce computing costs, and promote the development of artificial intelligence. $NVIDIA (NVDA.US)$ Blackwell

On the 12th, the Biden administration held a closed-door meeting with global top technology leaders on AI. Top industry giants including Sam Altman, CEO of OpenAI, Demis Hassabis, CEO of Google DeepMind, and Dario Amodei, CEO of Anthropic, attended the meeting.

Huang Renxun, founder and CEO of Nvidia, gave an interview to CNBC after the meeting, where he stated:

We are in the process of producing the next generation product, Blackwell. With each generation of products, we are working hard to significantly improve performance. When we launch the next generation of products, performance will increase 3 to 4 times, and we are actually lowering computing costs by the same proportion.

He also revealed that Nvidia is starting full-scale production of the Blackwell chip.

We are fully mass-producing Blackwell. Every company in the world is eagerly waiting for us to deliver it to them.

These remarks are seen as a strong response to the previous rumors of delayed release of Blackwell. Just the day before, he also lamented that the product was so popular that it made customers unhappy.

At a technology conference organized by Goldman Sachs, he had a conversation with Goldman Sachs CEO Solomon and said, 'The demand is very strong, everyone wants to be the first to receive the goods, everyone wants to receive the most products.' 'We may now have more emotional customers, which is only natural. The situation is a bit tense now, and we are doing our best.' He added that there is a strong demand for the latest generation of chips, BlackwellGPU, and suppliers are catching up.

In just a few short sentences, the major U.S. stock indexes completely erased their intraday losses at the end of the day, achieving a V-shaped rebound and turning positive. Nvidia closed up 8.15% on the day, and the topic of 'Huang Renxun saving the U.S. stock market' once again went viral.

Huang Renxun also mentioned during a conference call after last month's performance release that the market demand for the Hopper chip remains 'strong', and there are high expectations for Blackwell as well. With Blackwell entering mass production in the fourth quarter, it is expected to generate billions of dollars in revenue.

In this interview, Huang Renxun also emphasized the potential of Nvidia in energy conservation. He pointed out that although artificial intelligence training requires a large amount of energy, its application in fields such as medical care and climate technology will bring significant energy savings.

The full text of the interview is as follows:

CNBC reporter Megan Cassella:

Can you tell us about today's meeting?

Huang Renxun:

We are talking about energy, talking about this new industry called AI Factory and artificial intelligence. Obviously, we are at the beginning of a new industrial revolution, which will generate intelligence. What it needs is energy, of course, as well as a large number of excellent computer science and large-scale computing systems manufactured by Nvidia. So we must ensure that everyone understands the upcoming needs, opportunities, and challenges, and do it in the most effective and scalable way we can.

Megan Cassella:

Do you think the federal government needs to play a role in combining federal investment with private investment?

Huang Renxun:

In this field, public-private cooperation may be needed because the growth rate is indeed quite high. Although artificial intelligence consumes a lot of energy during training, it also saves a lot of energy when consuming these energies because ultimately, it is not about training models, but about using models.

Whether in medical care, climate technology, or simply running power grids, artificial intelligence has the opportunity to truly save a lot of energy. I think people are working to address the scale of future opportunities, as well as the scale of future challenges. Therefore, this will require public-private cooperation.

Megan Cassella:

Is there enough funding support at present?

Huang Renxun:

If this country doesn't have money, I don't see anyone else in the world who can leverage this incredible new industry. I believe people are starting to realize that ai is not just a new computer science, it's a new way of developing software.

Of course, it will completely change the computer industry, but it will create a whole new industry, above which intelligent skills and knowledge will emerge. This industry will be very large, and it will be the most exciting new industry in the world.

Megan Cassella:

May I ask you a brief question about export controls? Do you hope to see changes in US policy to ensure that you can sell products overseas?

Huang Renxun:

Export controls, national security, industrial resilience, supply chain resilience, all of these issues are very complex, and this administration understands the nuances. Therefore, of course we hope to see US industry as vibrant as possible, exporting US standards worldwide, and having the rest of the world build to US standards.

Of course, national security is very important. We must protect all these securities at the same time. That's why policymakers have such a difficult job. They must balance all these demands and ensure that we have a great policy balancing and maintaining the smooth operation and flourishing of all these requirements in some way.

So I think the most important thing for us is to ensure that we report to the government the technological and industry information we know and ensure that we comply with the policies 100%.

Megan Cassella:

Can I ask you another question about tariffs? In this election, there has been a lot of discussion about the possibility of imposing tariffs on China of 10%-20%, or even as high as 60%. Are you concerned that this will have an impact on Nvidia's business, or any concerns about the overall policy?

Huang Renxun:

Well, I'm not very familiar with these things. I think, of course, our company serves the global industry. We are one of the few companies in the world that serves every artificial intelligence company in the world, and we are involved in medical care, logistics, transportation, and retail trade.

We do serve a considerable number of industries. So, you know, obviously all of these issues are complex and require the government to think carefully. So I believe they will make good decisions.

Megan Cassella:

Yes, absolutely. The first thing we hear from business leaders is stability, especially in this election. Have you ever thought about not supporting one candidate and supporting another, especially in maintaining a calm and stable business environment?

Huang Renxun:

One of the truly important things is to have a stable policy that affects our expert control. Of course, policies must adapt to the constantly changing environment. In our world, environmental changes are actually real-time. So I understand the challenges the government faces.

At the same time, we must also seek and strive to make American technology the safest and best choice. We hope that industries in other parts of the world can be built on the basis of our industry. Therefore, stability is important. Of course, we must continue to stay ahead, and American companies know how to do that. As long as we have stability, I think it will be great.

Megan Cassella:

What about taxes? The two candidates have clearly different positions on raising the corporate tax rate to 28% or lowering it to 15%. On the other hand, do you have any preferences or ideas about how this would impact Nvidia?

Huang Renxun:

No matter what the tax rate is, it's about how we support it. You know, it's as simple as that. I think this company was built in the USA. It benefits from all the infrastructure, support, and amazing intellectual capital of this country. So as long as we can repay through taxes, we are happy to do so.

This year we are focusing on building our company, developing our technology, and supporting any government.

Megan Cassella:

Can you tell us about Nvidia's next plan?

Huang Renxun:

We are in the process of producing the next generation product, Blackwell. With each generation of product, we strive to significantly improve performance. When we launch the next generation product, the performance improves by 3 to 4 times, and we essentially reduce the computational and artificial intelligence costs by the same proportion. Therefore, each generation of product will lower energy consumption, improve performance, and reduce costs. So we are eager to obtain Blackwell. We have a large-scale production of Blackwell, and every company in the world is cutting components, you know, to deliver the components to us.

Editor/Somer