Nvidia CEO Forecasts Growth from Sovereign AI Despite Cloud Competition
• Nvidia CEO sees future growth from "sovereign AI" - countries developing their own AI capabilities tailored to their needs • Sovereign AI demand driving growth outside US & China - Japan, Canada, France interested • Over half of Nvidia's data center revenue still from large cloud providers • Cloud providers developing their own AI chips could reduce dependence on Nvidia • Nvidia raked in nearly as much revenue in Q4 2022 as all of 2021 - $27B, with guidance of $24B+ next quarter