Nvidia CEO Jensen Huang indirectly criticized OpenAI chief Sam Altman's initiative to raise trillions of dollars to boost semiconductor chip supplies for AI processing, stating that the cost of developing AI infrastructure would be considerably less than the amount Altman is seeking. Huang suggested that the cost of building AI data centers globally would amount to $2 trillion by 2029, and mentioned Nvidia's plans to create a new division to design data center chips and AI processors for cloud computing firms.
The global chip shortage has eased, but the demand for semiconductors is expected to grow as technology advances. The U.S. is determined to lead the world in semiconductor manufacturing, with the CHIPS Act incentivizing companies to build and manufacture on U.S. soil. Private investments topping $210 billion are expected to create around 44,000 jobs in the industry. While U.S. domestic production is expected to increase in the near future, competing abroad with Taiwan could take some time. Lawmakers and experts agree that it's not just semiconductor manufacturing that needs to step up, but also U.S. manufacturing for products requiring chips.
