The future of artificial intelligence (AI) is poised to be a game-changer, according to a top executive at NVIDIA Corp (NVDA). Masataka Osaki, Vice President of Worldwide Field Operations at Nvidia, believes AI will soon take on a “human form.” This revelation came at the Global Management Dialogue event in Tokyo, a forum organized by Nikkei and Swiss business school IMD.
Osaki made a bold prediction, stating that AI will soon resemble a human being, going so far as to say, “The machine is to the body what AI is to the brain.” He emphasized Japan’s potential to become a global leader in AI, urging businesses to swiftly connect AI and machines to create new services. He commended Japan’s dedication to building a domestic base for AI technologies and stressed the importance of developing domestic AI using domestically generated data.
Nvidia’s AI technology has been gaining significant global recognition. The company recently ventured into India’s growing AI market, recognizing the vast opportunities in AI-driven businesses across Asia. Osaki recognized the immense amount of data produced by Asian countries’ diverse languages and cultures, which can be transformed into AI tailored for each region.
This news comes at a time when Nvidia’s stock has surged almost 200%, propelling the company’s market value above the combined value of Germany and Italy. The company’s market capitalization now stands at a staggering $3.5 trillion, reflecting a broader trend of foreign investors owning approximately 18% of the U.S. stock market. This surge in Nvidia’s stock, alongside other tech giants, has led to a concentration in the S&P 500, putting pressure on investment funds to comply with tax regulations and prevent breaching rules that mandate diversified portfolios.
Nvidia’s stock closed at $140.52 on Monday, down 0.72% for the day. In after-hours trading, the stock dipped 0.21%. Year to date, Nvidia’s stock has surged 191.72%. The future of AI development and adoption is bright, and Nvidia’s strong position within the industry coupled with the potential of Japan’s domestic AI sector signals a significant shift in the global technological landscape.
