JANUARY 23RD, ACCORDING TO FORTUNE AND FORBES, INWEIDA CEO Jen-Hsun HuangRecently, the Davos Forum responded to the outside worldAI FoamThe concern is to emphasize that the current huge capital expenditure is not a sign of speculation, but rather to support "the largest infrastructure in human history"。
WONG IN-HOON STATED THAT THE BUBBLE WAS FELT OUTSIDE BECAUSE OF THE UNPRECEDENTED SCALE OF INVESTMENT, BUT THAT THESE INVESTMENTS WERE MAINLY USED TO BUILD THE ENERGY, CHIPS, DATA CENTRES, AND SO ON。
HE NOTED THAT THE WORLD WAS IN THE EARLY STAGES OF AI INDUSTRIALIZATION, “WE HAVE ONLY INVESTED HUNDREDS OF BILLIONS OF DOLLARS, BUT IN THE FUTURE WE NEED TO BUILD INFRASTRUCTURE ON TRILLIONS OF DOLLARS”。
In a conversation with Belet CEO Larry Fink, one of the world's largest investment management companies, Huang In-hoon further proposed a five-story "AI cake" framework: the bottom is energy, followed by chips and computing, cloud infrastructure, AI models and top-level applications。
He stressed that capital currently flows mainly to the bottom infrastructure rather than to speculative applications, “it is not a bubble, it is industrial reconstruction”。
WONG IN-HOON USES THE GPU LEASE PRICE AS EVIDENCE OF THE "ANTI-FOAM": NOT ONLY IS THE LATEST GENERATION OF GPU SUPPLY SHORT OF DEMAND, BUT EVEN TWO GENERATIONS AGO, THE PRICE OF THE PRODUCT IS RISING, SHOWING STRONG REAL DEMAND。
HE NOTED THAT TRADITIONAL INDUSTRIES, INCLUDING PHARMACEUTICAL COMPANIES, WERE SHIFTING THEIR R & D BUDGETS FROM LABORATORIES TO AI OVERCALCULATION, WHICH WAS CONTRIBUTING TO THE CONTINUOUS RISE IN COMPUTING DEMAND。
TURNING TO THE STRUCTURE OF EMPLOYMENT, HUANG IN-HOON SPECIFICALLY NOTED THAT AI WOULD NOT HIT ALL JOBS IN THE SHORT TERM, BUT RATHER THAT THE DEMAND FOR SKILLED WORKERS WAS RISING RAPIDLY。
He stated that the construction of the data centre required a large number of plumbers, electricians, heating engineers and construction workers, and that the salary levels for those positions were being pushed up and that “six-digit pay would become normal”。
HE STRESSED THAT AI HAD LED NOT ONLY TO THE SOFTWARE REVOLUTION, BUT ALSO TO A “SUBSTANTIVE WORLD CAPITAL WAVE” COVERING ENERGY, MANUFACTURING AND CONSTRUCTION。
IN FORBES, HOANG IN-HOON ALSO MENTIONED THREE KEY BREAKTHROUGHS IN AI OVER THE PAST YEAR: A SIGNIFICANT INCREASE IN MODEL REASONING, THE ACCELERATION OF INDUSTRY INNOVATION IN OPEN-SOURCE MODELS, AND PROGRESS BY AI IN PHYSICAL AREAS SUCH AS PROTEIN STRUCTURE, MAKING IT A REAL INDUSTRY-LEVEL TECHNOLOGY。
IN THE FACE OF THE ENERGY AND INDUSTRIAL STRUCTURE OF EUROPE, HUANG IS OF THE VIEW THAT EUROPE HAS AN ADVANTAGE IN MANUFACTURING AND IN-DEPTH RESEARCH, AND SHOULD SEIZE THE WINDOW PERIOD OF "PHYSICAL AI" AND ROBOTICS, PROVIDED THAT ENERGY INFRASTRUCTURE IS INCREASED。
ALTHOUGH THE MARKET FLUCTUATED IN THE SECOND HALF OF LAST YEAR DUE TO, AMONG OTHER THINGS, THE UNDERPERFORMANCE OF GPT-5, HWANG IN-HOON RE-EMPHASIZEDAI IS NOT OVERHEATED, AND MAY EVEN BE "UNDER-INPUTTED". HE CALLED FOR MORE STATES AND BUSINESSES TO BE INVOLVED IN INFRASTRUCTURE, “EVERYONE SHOULD BE INVOLVED”。